Registered number
09896977
Life Property (Sutterton) Ltd
Filleted Accounts
31 December 2024
Life Property (Sutterton) Ltd
Registered number: 09896977
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Current assets
Debtors 4 24,602 36,002
Cash at bank and in hand 38 2,083
24,640 38,085
Creditors: amounts falling due within one year 5 (1,500) (1,500)
Net current assets 23,140 36,585
Total assets less current liabilities 23,140 36,585
Creditors: amounts falling due after more than one year 6 (20,000) (32,703)
Net assets 3,140 3,882
Capital and reserves
Called up share capital 2 2
Profit and loss account 3,138 3,880
Shareholders' funds 3,140 3,882
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Simon Berry
Director
Approved by the board on 20 February 2025
Life Property (Sutterton) Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
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
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
2 Going Concern
These financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption is dependent upon the continued support from the company's shareholders. If the company were unable to trade, adjustments would have to be made to reduce the value of the assets to their recoverable amounts and to provide for further liabilities that may arise.
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 24,600 36,000
Other debtors 2 2
24,602 36,002
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 1,500 1,500
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 20,000 32,703
7 Related party transactions
Debtors include an amount of £24,600 (2023: £36,000) due from Life Property Limited, a company in which directors Simon Berry and Jane Berry have an interest. The amount is unsecured, interest free and repayable on demand.

Other creditors include an amount of £1,500 (2023: £1,500) due to Life Property DM Limited, a company in which directors Simon Berry and Jane Berry have an interest. The amount is unsecured, interest free and repayable on demand.
8 Controlling party
In the opinion of the directors, there is no controlling party in the company.
9 Other information
Life Property (Sutterton) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
317 Horn Lane
Acton
London W3 0BU
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