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REGISTERED NUMBER: 13942143 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 MARCH 2024 TO 5 APRIL 2024

FOR

SF SERVICES EAST SUSSEX LIMITED

SF SERVICES EAST SUSSEX LIMITED (REGISTERED NUMBER: 13942143)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2024 TO 5 APRIL 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


SF SERVICES EAST SUSSEX LIMITED (REGISTERED NUMBER: 13942143)

BALANCE SHEET
5 APRIL 2024

2024 2024
Notes £    £    £    £   
FIXED ASSETS
Investments 5 665,140 628,472

CURRENT ASSETS
Debtors 6 600 674
Cash at bank and in hand 47,917 77,794
48,517 78,468
CREDITORS
Amounts falling due within one year 7 5,255 7,056
NET CURRENT ASSETS 43,262 71,412
TOTAL ASSETS LESS CURRENT
LIABILITIES

708,402

699,884

CREDITORS
Amounts falling due after more than
one year

8

(690,000

)

(690,000

)

PROVISIONS FOR LIABILITIES 9 (1,709 ) (91 )
NET ASSETS 16,693 9,793

CAPITAL AND RESERVES
Called up share capital 10 100 100
Non distributable reserve 11 64,372 57,515
Retained earnings (47,779 ) (47,822 )
SHAREHOLDERS' FUNDS 16,693 9,793

SF SERVICES EAST SUSSEX LIMITED (REGISTERED NUMBER: 13942143)

BALANCE SHEET - continued
5 APRIL 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 5 April 2024 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by:




Dr S French - Director



Dr S Kochhar - Director


SF SERVICES EAST SUSSEX LIMITED (REGISTERED NUMBER: 13942143)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2024 TO 5 APRIL 2024


1. STATUTORY INFORMATION

SF Services East Sussex Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13942143

Registered office: 48 St Leonards Road
Bexhill on Sea
East Sussex
TN40 1JB

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


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 as modified by the revaluation of certain assets.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


SF SERVICES EAST SUSSEX LIMITED (REGISTERED NUMBER: 13942143)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2024 TO 5 APRIL 2024


3. ACCOUNTING POLICIES - continued
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 period end and that are expected to apply to the reversal of the timing difference.

Provision is made for tax on gains and losses arising from investment assets that are measured at fair value. This is measured using the tax rates and allowances that are expected to apply to the sale of the asset.

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.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Fixed asset investments
The fixed asset investments are revalued annually to their fair value. The movement in value is recognised in the profit and loss account.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2024 - 2 ) .

SF SERVICES EAST SUSSEX LIMITED (REGISTERED NUMBER: 13942143)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2024 TO 5 APRIL 2024


5. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 March 2024 628,472
Additions 131,084
Disposals (102,881 )
Revaluations 8,465
At 5 April 2024 665,140
NET BOOK VALUE
At 5 April 2024 665,140
At 29 February 2024 628,472

Cost or valuation at 5 April 2024 is represented by:

Listed
investments
£   
Valuation in 2023 23,926
Valuation in 2024 47,081
Valuation in 2024 8,465
Cost 585,668
665,140

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Other debtors - 100
Corporation tax recoverable 600 574
600 674

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Accruals and deferred income 5,255 7,056

SF SERVICES EAST SUSSEX LIMITED (REGISTERED NUMBER: 13942143)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2024 TO 5 APRIL 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2024
£    £   
Other loans more 5yrs non-inst 690,000 690,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 690,000 690,000

9. PROVISIONS FOR LIABILITIES
2024 2024
£    £   
Deferred tax
Tax losses carried forward (13,390 ) (13,400 )
Investment revaluation gain 15,099 13,491
1,709 91

Deferred
tax
£   
Balance at 1 March 2024 91
Provided during period 1,618
Balance at 5 April 2024 1,709

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2024
value: £    £   
90 Ordinary £1 90 90
5 Ordinary A £1 5 5
5 Ordinary B £1 5 5
100 100

SF SERVICES EAST SUSSEX LIMITED (REGISTERED NUMBER: 13942143)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2024 TO 5 APRIL 2024


11. RESERVES
Non
distributable
reserve
£   
At 1 March 2024 57,515
Revaluation of investments 6,857

At 5 April 2024 64,372