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SUTTON COURT ASSOCIATES LIMITED

Registered Number
04937410
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

SUTTON COURT ASSOCIATES 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

04937410 (England and Wales)
SUTTON COURT ASSOCIATES LIMITED
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets42,395,4032,403,421
2,395,4032,403,421
Current assets
Debtors5819,372568,511
Cash at bank and on hand1,204,195407,842
2,023,567976,353
Creditors amounts falling due within one year6(411,858)(344,791)
Net current assets (liabilities)1,611,709631,562
Total assets less current liabilities4,007,1123,034,983
Creditors amounts falling due after one year7(1,311,398)(710,464)
Provisions for liabilities8(14,588)(12,550)
Accruals and deferred income(1,824)(1,824)
Net assets2,679,3022,310,145
Capital and reserves
Called up share capital102102
Profit and loss account2,679,2002,310,043
Shareholders' funds2,679,3022,310,145
The financial statements were approved and authorised for issue by the Board of Directors on 12 July 2024, and are signed on its behalf by:
RAMDIN, Mahendranatsingh Mohabeer
Director
Registered Company No. 04937410
SUTTON COURT ASSOCIATES 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 invoiced fees raised in the year.
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.
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 and Republic of Ireland'. The policy is a departure from the specific requirement of the Companies 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)
Plant and machinery20-
Fixtures and fittings10-
Vehicles25-
Office Equipment-25
2.Average number of employees

20242023
Average number of employees during the year6855
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 June 23100,000100,000
At 31 May 24100,000100,000
Amortisation and impairment
At 01 June 23100,000100,000
At 31 May 24100,000100,000
Net book value
At 31 May 24--
At 31 May 23--
4.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

££££££
Cost or valuation
At 01 June 232,315,00651,93026,098332,7112,6932,728,438
Additions--2,990--2,990
At 31 May 242,315,00651,93029,088332,7112,6932,731,428
Depreciation and impairment
At 01 June 23-44,09023,206255,2522,469325,017
Charge for year-1,5681,4707,74622411,008
At 31 May 24-45,65824,676262,9982,693336,025
Net book value
At 31 May 242,315,0066,2724,41269,713-2,395,403
At 31 May 232,315,0067,8402,89277,4592242,403,421
5.Debtors: amounts due within one year

2024

2023

££
Other debtors815,005565,000
Prepayments and accrued income4,3673,511
Total819,372568,511
6.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts123,897169,745
Taxation and social security251,214138,300
Other creditors36,74736,746
Total411,858344,791
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts1,311,398710,464
Total1,311,398710,464
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)14,58812,550
Total14,58812,550
9.Related party transactions
Included in the financial statements are the following significant transactions and balances with related parties: Sutton Court Homes Ltd, a company controlled by the directors: Administrative expenses £50,000 (2023:£37,500), Other operating income £436,425 (2023: £188,321), Creditors: 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 £815,000 (2023: £565,000).
10.Controlling party
The company was controlled by its directors throughout the period.