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REGISTERED NUMBER: 04189603 (England and Wales)















Unaudited Financial Statements

For The Period 1 April 2023 to 30 September 2024

for

Sursom Limited

Sursom Limited (Registered number: 04189603)






Contents of the Financial Statements
For The Period 1 April 2023 to 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sursom Limited

Company Information
For The Period 1 April 2023 to 30 September 2024







DIRECTOR: Mr V M Patel





REGISTERED OFFICE: 276 Preston Road
Harrow
Middlesex
HA3 0QA





REGISTERED NUMBER: 04189603 (England and Wales)





ACCOUNTANTS: RNS Business Solutions Limited
Chartered Accountants
276 Preston Road
Harrow
Middlesex
HA3 0QA

Sursom Limited (Registered number: 04189603)

Balance Sheet
30 September 2024

30/9/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 850,396
- 850,396

CURRENT ASSETS
Stocks - 880
Debtors 6 - 17,986
Cash at bank 1,903 7,569
1,903 26,435
CREDITORS
Amounts falling due within one year 7 17,452 346,635
NET CURRENT LIABILITIES (15,549 ) (320,200 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(15,549

)

530,196

CREDITORS
Amounts falling due after more than one year 8 - 366,513
NET (LIABILITIES)/ASSETS (15,549 ) 163,683

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account (15,649 ) 163,583
SHAREHOLDERS' FUNDS (15,549 ) 163,683

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

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

Sursom Limited (Registered number: 04189603)

Balance Sheet - continued
30 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 February 2025 and were signed by:





Mr V M Patel - Director


Sursom Limited (Registered number: 04189603)

Notes to the Financial Statements
For The Period 1 April 2023 to 30 September 2024

1. STATUTORY INFORMATION

Sursom 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.

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


The principle place of business is Bridge street, Trapston NN14 4JP

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.The turnover of the hotel is derived primarily from the room rental and sale of food and beverage. The turnover is recognised based on the date of arrival of the guest.Turnover also includes revenue earned from the sale of children's christmas toys.

Goodwill
Externally purchased goodwill is stated at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its estimated useful life of five years on straight line basis from transition date of new UK GAAP FRS 102.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


Sursom Limited (Registered number: 04189603)

Notes to the Financial Statements - continued
For The Period 1 April 2023 to 30 September 2024

2. ACCOUNTING POLICIES - continued
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.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2023 - 6 ) .

Sursom Limited (Registered number: 04189603)

Notes to the Financial Statements - continued
For The Period 1 April 2023 to 30 September 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023 155,000
Disposals (155,000 )
At 30 September 2024 -
AMORTISATION
At 1 April 2023 155,000
Eliminated on disposal (155,000 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 813,377 105,751 2,129 921,257
Disposals (813,377 ) (105,751 ) (2,129 ) (921,257 )
At 30 September 2024 - - - -
DEPRECIATION
At 1 April 2023 34,065 34,667 2,129 70,861
Charge for period 9,825 26,447 - 36,272
Eliminated on disposal (43,890 ) (61,114 ) (2,129 ) (107,133 )
At 30 September 2024 - - - -
NET BOOK VALUE
At 30 September 2024 - - - -
At 31 March 2023 779,312 71,084 - 850,396

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 31/3/23
£    £   
Trade debtors - 2,721
Other debtors - 15,265
- 17,986

Sursom Limited (Registered number: 04189603)

Notes to the Financial Statements - continued
For The Period 1 April 2023 to 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 31/3/23
£    £   
Bank loans and overdrafts - 30,794
Trade creditors - 55,107
Taxation and social security - 19,266
Other creditors 17,452 241,468
17,452 346,635

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/9/24 31/3/23
£    £   
Bank loans - 366,513

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 263,860

9. RELATED PARTY DISCLOSURES

Included in other creditors is an amount due to the director and shareholder of £17,452 (2023: £126,871). The outstanding loan due is interest free and payable on demand.

Included in other creditors is an amount due to shareholders of nil (2023: £104,408). The outstanding loan due is interest free and payable on demand.