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REGISTERED NUMBER: 04191495 (England and Wales)















SUSSEX FLATS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






SUSSEX FLATS LIMITED (REGISTERED NUMBER: 04191495)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUSSEX FLATS LIMITED

COMPANY INFORMATION
for the Year Ended 30 APRIL 2024







DIRECTOR: J H James





SECRETARY: Mrs J H James





REGISTERED OFFICE: Brynsiriol
Llanbadarn Fawr
Aberystwyth
Ceredigion
SY23 3SZ





REGISTERED NUMBER: 04191495 (England and Wales)





ACCOUNTANTS: D M B Davies Limited
Broyan House
Priory Street
Cardigan
Ceredigion
SA43 1BZ

SUSSEX FLATS LIMITED (REGISTERED NUMBER: 04191495)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 320,855 320,991

CURRENT ASSETS
Debtors 5 1,657 4,029
Cash at bank - 2,031
1,657 6,060
CREDITORS
Amounts falling due within one year 6 44,573 2,074
NET CURRENT (LIABILITIES)/ASSETS (42,916 ) 3,986
TOTAL ASSETS LESS CURRENT
LIABILITIES

277,939

324,977

CREDITORS
Amounts falling due after more than one
year

7

232,718

283,452
NET ASSETS 45,221 41,525

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 45,220 41,524
SHAREHOLDERS' FUNDS 45,221 41,525

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

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

SUSSEX FLATS LIMITED (REGISTERED NUMBER: 04191495)

BALANCE SHEET - continued
30 APRIL 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 January 2025 and were signed by:





J H James - Director


SUSSEX FLATS LIMITED (REGISTERED NUMBER: 04191495)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 APRIL 2024


1. STATUTORY INFORMATION

Sussex Flats Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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 NIL (2023 - NIL).

SUSSEX FLATS LIMITED (REGISTERED NUMBER: 04191495)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 APRIL 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 320,313 4,106 1,250 325,669
DEPRECIATION
At 1 May 2023 - 3,542 1,136 4,678
Charge for year - 113 23 136
At 30 April 2024 - 3,655 1,159 4,814
NET BOOK VALUE
At 30 April 2024 320,313 451 91 320,855
At 30 April 2023 320,313 564 114 320,991

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,657 4,029

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 294 -
Trade creditors 32 13
Taxation and social security 747 1,071
Other creditors 43,500 990
44,573 2,074

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 232,718 248,452
Other creditors - 35,000
232,718 283,452

8. RELATED PARTY DISCLOSURES

According to the director there were no material related party transactions during the year.

9. ULTIMATE CONTROLLING PARTY

Ultimate control of the company is exercised by Mr J H James, the director and shareholder of the company.