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REGISTERED NUMBER: 03899876 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SUDBURY PROPERTIES LIMITED

SUDBURY PROPERTIES LIMITED (REGISTERED NUMBER: 03899876)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SUDBURY PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mrs R Gross
J Schreiber





SECRETARY: Mrs R Niederman





REGISTERED OFFICE: 115 Craven Park Road
London
N15 6BL





REGISTERED NUMBER: 03899876 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

SUDBURY PROPERTIES LIMITED (REGISTERED NUMBER: 03899876)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 91 121
Investment property 5 19,018,954 19,000,000
19,019,045 19,000,121

CURRENT ASSETS
Debtors 6 4,997,402 4,620,531
Cash at bank 469,263 705,319
5,466,665 5,325,850
CREDITORS
Amounts falling due within one year 7 (2,478,357 ) (2,516,913 )
NET CURRENT ASSETS 2,988,308 2,808,937
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,007,353

21,809,058

CREDITORS
Amounts falling due after more than one
year

8

(7,206,872

)

(7,206,872

)

PROVISIONS FOR LIABILITIES (2,517,829 ) (2,517,829 )
NET ASSETS 12,282,652 12,084,357

CAPITAL AND RESERVES
Called up share capital 11 100 100
Revaluation reserve 12 13,251,733 13,251,733
Retained earnings 12 (969,181 ) (1,167,476 )
SHAREHOLDERS' FUNDS 12,282,652 12,084,357

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.

SUDBURY PROPERTIES LIMITED (REGISTERED NUMBER: 03899876)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





J Schreiber - Director


SUDBURY PROPERTIES LIMITED (REGISTERED NUMBER: 03899876)

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

1. STATUTORY INFORMATION

Sudbury Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

SUDBURY PROPERTIES LIMITED (REGISTERED NUMBER: 03899876)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 47,588
DEPRECIATION
At 1 January 2023 47,467
Charge for year 30
At 31 December 2023 47,497
NET BOOK VALUE
At 31 December 2023 91
At 31 December 2022 121

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 19,000,000
Additions 18,954
At 31 December 2023 19,018,954
NET BOOK VALUE
At 31 December 2023 19,018,954
At 31 December 2022 19,000,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2015 9,366,815
Valuation in 2018 5,633,185
Valuation in 2021 3,884,918
Cost 134,036
19,018,954

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 4,997,402 4,620,531

SUDBURY PROPERTIES LIMITED (REGISTERED NUMBER: 03899876)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 9) 219,167 229,167
Trade creditors 188,606 211,176
Taxation and social security 130,955 133,521
Other creditors 1,939,629 1,943,049
2,478,357 2,516,913

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 9) 6,378,750 6,378,750
Amounts owed to associates 14,520 14,520
Other creditors 813,602 813,602
7,206,872 7,206,872

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,598,750 5,598,750

9. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 219,167 229,167

Amounts falling due between two and five years:
Bank loans - 2-5 years 780,000 780,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 5,598,750 5,598,750

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 6,597,917 6,607,917

SUDBURY PROPERTIES LIMITED (REGISTERED NUMBER: 03899876)

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

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary 1 100 100

12. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 January 2023 (1,167,476 ) 13,251,733 12,084,257
Profit for the year 198,295 198,295
At 31 December 2023 (969,181 ) 13,251,733 12,282,552