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REGISTERED NUMBER: 13909784 (England and Wales)















Sunderland Commercial Properties Ltd

Unaudited Financial Statements

for the Year Ended 29th February 2024






Sunderland Commercial Properties Ltd (Registered number: 13909784)






Contents of the Financial Statements
for the year ended 29th February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Sunderland Commercial Properties Ltd

Company Information
for the year ended 29th February 2024







DIRECTOR: T Taylor





REGISTERED OFFICE: 310 Wellingborough Road
Northampton
NN1 4EP





BUSINESS ADDRESS: 91 Weggs Farm Road
Northampton
NN5 6HZ





REGISTERED NUMBER: 13909784 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

Sunderland Commercial Properties Ltd (Registered number: 13909784)

Balance Sheet
29th February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 1,099,052 152,521

CURRENT ASSETS
Debtors 6 1,946 1,893
Cash at bank 8,365 10,804
10,311 12,697
CREDITORS
Amounts falling due within one year 7 1,130,962 159,105
NET CURRENT LIABILITIES (1,120,651 ) (146,408 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(21,599

)

6,113

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings (21,609 ) 6,103
SHAREHOLDERS' FUNDS (21,599 ) 6,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7th May 2024 and were signed by:





T Taylor - Director


Sunderland Commercial Properties Ltd (Registered number: 13909784)

Notes to the Financial Statements
for the year ended 29th February 2024

1. STATUTORY INFORMATION

Sunderland Commercial Properties Ltd 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 (£).


The principal activity of the company in the year under review was that of the letting of commercial property.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistency applied to all years presented unless otherwise stated.

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 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Sunderland Commercial Properties Ltd (Registered number: 13909784)

Notes to the Financial Statements - continued
for the year ended 29th February 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st March 2023 152,521
Additions 946,531
At 29th February 2024 1,099,052
NET BOOK VALUE
At 29th February 2024 1,099,052
At 28th February 2023 152,521

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,500 1,500
Other debtors 446 393
1,946 1,893

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 656,339 -
Taxation and social security 2,231 1,740
Other creditors 472,392 157,365
1,130,962 159,105

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 656,339 -
Other loans 11,706 11,706
668,045 11,706

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary £1 10 10

10. CONTINGENT LIABILITIES

There were no contingent liabilities at 29th February 2024.

Sunderland Commercial Properties Ltd (Registered number: 13909784)

Notes to the Financial Statements - continued
for the year ended 29th February 2024

11. CAPITAL COMMITMENTS

There were no capital commitments at 29th February 2024.