Company Registration No. 08876837 (England and Wales)
SUSSEX PLACE FOUNDER PARTNER II LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
20 Commerce Road
Lynch Wood
Peterborough
Cambridgeshire
England
PE2 6LR
SUSSEX PLACE FOUNDER PARTNER II LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
SUSSEX PLACE FOUNDER PARTNER II LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
1
1
Cash at bank and in hand
25
26
1
Creditors: amounts falling due within one year
4
(2,055)
(1,020)
Net current liabilities
(2,029)
(1,019)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(2,030)
(1,020)
Total equity
(2,029)
(1,019)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 18 April 2024 and are signed on its behalf by:
Mr R I Gourlay
Director
Company Registration No. 08876837
SUSSEX PLACE FOUNDER PARTNER II LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information
Sussex Place Founder Partner II Limited is a private company limited by shares incorporated in England and Wales. The registered office is 58-60 Fitzroy Street, London, England, W1T 5BU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Going concern
The company has limited activity and no current commitments.
After reviewing forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and therefore continues to adopt the going concern basis in preparing the financial statements.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1
1
SUSSEX PLACE FOUNDER PARTNER II LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
4
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
1,555
510
Other creditors
500
510
2,055
1,020
5
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
The statutory auditor was Stephen Meredith and the auditor was Alliotts LLP.
6
Parent company
At 31 December 2023, Sussex Place Ventures Limited was the immediate parent of the smallest and largest group of which the company is a member. Sussex Place Ventures Limited is registered in England and Wales and does not prepare consolidated financial statements.
The company has no ultimate controlling party and no entity prepares consolidated financial statements that include the company.