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REGISTERED NUMBER: 02529147 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SUPREME PROPERTY DEVELOPMENTS LIMITED

SUPREME PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02529147)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SUPREME PROPERTY DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: K Din
B Din
N Din





SECRETARY: K Din





REGISTERED OFFICE: Durham Tees Valley Business Centre
Primrose Hill Business Park
Orde Wingate Way, Durham Road
Stockton on Tees
Tees Valley
TS19 0GA





REGISTERED NUMBER: 02529147 (England and Wales)





ACCOUNTANTS: RMT Ribchesters
Accountants and Business Advisors
Finchale House
Belmont Business Park
Durham
DH1 1TW

SUPREME PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02529147)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 1,060,228 1,080,854

CREDITORS
Amounts falling due within one year 5 386,097 402,667
NET CURRENT ASSETS 674,131 678,187
TOTAL ASSETS LESS CURRENT
LIABILITIES

674,131

678,187

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 674,031 678,087
SHAREHOLDERS' FUNDS 674,131 678,187

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





K Din - Director


SUPREME PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02529147)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Supreme Property Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

In respect of turnover arising from contractual arrangement, income is attributed to the profit and loss account as contract activity progresses in a manner appropriate to the stage of completion of each individual contract.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
The company ceased to trade on 31 December 2022. As such the financial statements are not prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

SUPREME PROPERTY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02529147)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 7,920
Amounts recoverable on
contracts 1,334 1,334
Other debtors 1,058,894 1,071,600
1,060,228 1,080,854

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - 15,170
Other creditors 386,097 387,497
386,097 402,667

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

7. RELATED PARTY DISCLOSURES

During the year the company performed property management and services for a company under common control to the value of £NIL (2022: £8,000). At 31 December 2023 the amount owing from this company was £647,511 (2022: £660,251). There are no formal repayment terms on this balance, however the directors do not expect to demand repayment of this balance within the next 12 months.

At 31 December 2023 an unsecured loan of £481,101 (2022: £481,101) was due from a partnership, in
which the aforementioned company under common control has a 50% interest. No interest has been charged on this loan in the year. There are no formal repayment terms on this balance, however the directors do not expect to demand repayment of this balance within the next 12 months.

During the year the company maintained a trading balance with the partnership. The balance owing to the partnership at 31 December 2023 was £69,779 (2022: £69,779)