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SURBITON INVESTORS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30TH JUNE 2024






SURBITON INVESTORS LTD (REGISTERED NUMBER: 11396609)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

SURBITON INVESTORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: Ms C N D Harknett
A C Chapman





REGISTERED OFFICE: Greenbanks
The Street
Whatfield
Suffolk
IP7 6QN





REGISTERED NUMBER: 11396609 (England and Wales)





ACCOUNTANTS: HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

SURBITON INVESTORS LTD (REGISTERED NUMBER: 11396609)

BALANCE SHEET
30TH JUNE 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 305,000 303,500

CURRENT ASSETS
Debtors 5 1,574 633
Cash at bank 16,849 57,943
18,423 58,576
CREDITORS
Amounts falling due within one year 6 102,734 141,310
NET CURRENT LIABILITIES (84,311 ) (82,734 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

220,689

220,766

CREDITORS
Amounts falling due after more than one
year

7

(221,750

)

(220,907

)

PROVISIONS FOR LIABILITIES (13,051 ) (11,839 )
NET LIABILITIES (14,112 ) (11,980 )

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 38,744 38,457
Retained earnings (52,956 ) (50,537 )
(14,112 ) (11,980 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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.

SURBITON INVESTORS LTD (REGISTERED NUMBER: 11396609)

BALANCE SHEET - continued
30TH JUNE 2024


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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th November 2024 and were signed on its behalf by:





A C Chapman - Director


SURBITON INVESTORS LTD (REGISTERED NUMBER: 11396609)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

Surbiton Investors 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.

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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

Turnover
Turnover is measured at the fair value of rental income received or receivable.

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. No formal valuation has taken place during the year by a professional independent valuer. The current fair value is based on a recognised valuation model.

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.

3. EMPLOYEES AND DIRECTORS

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

SURBITON INVESTORS LTD (REGISTERED NUMBER: 11396609)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st July 2023 303,500
Revaluations 1,500
At 30th June 2024 305,000
NET BOOK VALUE
At 30th June 2024 305,000
At 30th June 2023 303,500

Fair value at 30th June 2024 is represented by:
£   
Valuation in 2020 18,652
Valuation in 2021 44,226
Valuation in 2022 2,417
Valuation in 2023 (15,000 )
Valuation in 2024 1,500
Cost 253,205
305,000

If investment properties had not been revalued they would have been included at the following historical cost:

30/6/24 30/6/23
£    £   
Cost 253,205 253,205

No formal independent valuation was carried out during the year to 30th June 2024.

The investment properties are measured at fair value by the director, Mr A C Chapman, using a fair valuation model.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Trade debtors 1,125 200
Prepayments 449 433
1,574 633

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£    £   
Bank loans and overdrafts - 1,028
Other creditors 496 494
Directors' current accounts 100,938 137,088
Accruals and deferred income 1,300 2,700
102,734 141,310

SURBITON INVESTORS LTD (REGISTERED NUMBER: 11396609)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/24 30/6/23
£    £   
Bank loans / Mortgages 221,750 220,907

The bank loan is secured against investment property owned by the company.

8. RESERVES
Fair
value
reserve
£   
At 1st July 2023 38,457
Transfer from revaluation 287

At 30th June 2024 38,744

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SURBITON INVESTORS LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Surbiton Investors Ltd for the year ended 30th June 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Surbiton Investors Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Surbiton Investors Ltd and state those matters that we have agreed to state to the Board of Directors of Surbiton Investors Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Surbiton Investors Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Surbiton Investors Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Surbiton Investors Ltd. You consider that Surbiton Investors Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Surbiton Investors Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


12th November 2024