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SUTTON COURT HOMES LIMITED

Registered Number
03569077
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

SUTTON COURT HOMES LIMITED
Company Information
for the year from 1 June 2023 to 31 May 2024

Directors

RAMDIN, Bhagwantee
RAMDIN, Kshi Lognathsingh
RAMDIN, Mahendranatsingh Mohabeer

Company Secretary

RAMDIN, Bhagwantee

Registered Address

146 Ham Road
Worthing
BN11 2QS

Registered Number

03569077 (England and Wales)
SUTTON COURT HOMES LIMITED
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets311
Tangible assets41,841,8271,846,596
1,841,8281,846,597
Current assets
Debtors5287,214284,916
Cash at bank and on hand364,962285,211
652,176570,127
Creditors amounts falling due within one year6(221,443)(185,839)
Net current assets (liabilities)430,733384,288
Total assets less current liabilities2,272,5612,230,885
Creditors amounts falling due after one year7(104,637)(122,433)
Provisions for liabilities8(4,205)(3,866)
Net assets2,163,7192,104,586
Capital and reserves
Called up share capital102102
Profit and loss account2,163,6172,104,484
Shareholders' funds2,163,7192,104,586
The financial statements were approved and authorised for issue by the Board of Directors on 11 July 2024, and are signed on its behalf by:
RAMDIN, Mahendranatsingh Mohabeer
Director
Registered Company No. 03569077
SUTTON COURT HOMES LIMITED
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover represents the invoiced total of fees charged in the year.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
The policy of not providing depreciation on freehold property is in accordance with the revaluation model procedure laid down in Section 1A 'Small Entities' of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK andRepublic of Ireland'. The policy is a departure from the specific requirement of theCompanies Act 2006 to provide depreciation on any fixed asset which has a limited useful economic life. The departure from the Companies Act 2006 requirement is for the overriding purpose of giving a true and fair view in accordance with Section 1A of Financial Reporting Standard 102. All other fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Fixtures and fittings10-
Vehicles25-
Office Equipment-25
2.Average number of employees

20242023
Average number of employees during the year2626
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 June 232,6112,611
At 31 May 242,6112,611
Amortisation and impairment
At 01 June 232,6102,610
At 31 May 242,6102,610
Net book value
At 31 May 2411
At 31 May 2311
4.Tangible fixed assets

Land & buildings

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 June 231,832,53315,533116,0953,6371,967,798
At 31 May 241,832,53315,533116,0953,6371,967,798
Depreciation and impairment
At 01 June 2316,51813,82088,0152,849121,202
Charge for year8264292,8087074,770
Other adjustments-(1)--(1)
At 31 May 2417,34414,24890,8233,556125,971
Net book value
At 31 May 241,815,1891,28525,272811,841,827
At 31 May 231,816,0151,71328,0807881,846,596
5.Debtors: amounts due within one year

2024

2023

££
Other debtors281,741281,741
Prepayments and accrued income5,4733,175
Total287,214284,916
6.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts23,63723,637
Taxation and social security184,753149,123
Other creditors8,5178,542
Accrued liabilities and deferred income4,5364,537
Total221,443185,839
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts104,637122,433
Total104,637122,433
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)4,2053,866
Total4,2053,866
9.Related party transactions
Included in the financial statements are the following significant transactions and balances with related parties: Sutton Court Associates Ltd, a company controlled by the directors: Administrative expenses £436,425 (2023: £188,321), Other operating income £50,000 (2023:£37,500), Debtors: Amounts falling due within one year £36,741 (2023: £36,741). Settled Living Ltd, a company controlled by the directors: Debtors: Amounts falling due within one year £245,000 (2023: £245,000).
10.Controlling party
The company was controlled by its directors throughout the period.