2 2 Surdival Properties Limited 11953787 false 2023-04-30 2024-04-28 2024-04-28 The principal activity of the company is that of buying and selling own real estate. Digita Accounts Production Advanced 6.30.9574.0 true 11953787 2023-04-30 2024-04-28 11953787 2024-04-28 11953787 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-04-28 11953787 bus:OrdinaryShareClass2 bus:Non-cumulativeShares 2024-04-28 11953787 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-28 11953787 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-28 11953787 bus:SmallEntities 2023-04-30 2024-04-28 11953787 bus:AuditExemptWithAccountantsReport 2023-04-30 2024-04-28 11953787 bus:FilletedAccounts 2023-04-30 2024-04-28 11953787 bus:SmallCompaniesRegimeForAccounts 2023-04-30 2024-04-28 11953787 bus:RegisteredOffice 2023-04-30 2024-04-28 11953787 bus:Director1 2023-04-30 2024-04-28 11953787 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-04-30 2024-04-28 11953787 bus:OrdinaryShareClass2 bus:Non-cumulativeShares 2023-04-30 2024-04-28 11953787 bus:PrivateLimitedCompanyLtd 2023-04-30 2024-04-28 11953787 countries:England 2023-04-30 2024-04-28 11953787 2023-04-29 11953787 2022-05-01 2023-04-29 11953787 2023-04-29 11953787 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-04-29 11953787 bus:OrdinaryShareClass2 bus:Non-cumulativeShares 2023-04-29 11953787 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-29 11953787 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-29 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 11953787

Surdival Properties Limited

Unaudited Filleted Abridged Financial Statements

for the Period from 30 April 2023 to 28 April 2024

 

Surdival Properties Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

Surdival Properties Limited

(Registration number: 11953787)
Abridged Balance Sheet as at 28 April 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

190,000

190,000

Current assets

 

Cash at bank and in hand

 

47,965

63,922

Prepayments and accrued income

 

1,250

1,147

Creditors: Amounts falling due within one year

5.1

(104,081)

(100,712)

Net current liabilities

 

(54,866)

(35,643)

Total assets less current liabilities

 

135,134

154,357

Creditors: Amounts falling due after more than one year

5.2

(70,612)

(89,401)

Provisions for liabilities

(9,041)

(9,041)

Accruals and deferred income

 

(1,350)

(1,350)

Net assets

 

54,131

54,565

Capital and reserves

 

Called up share capital

6

160

160

Investment property revaluation reserve

38,541

38,541

Retained earnings

15,430

15,864

Shareholders' funds

 

54,131

54,565

 

Surdival Properties Limited

(Registration number: 11953787)
Abridged Balance Sheet as at 28 April 2024

For the financial period ending 28 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 April 2025
 

.........................................
N Surdival
Director

 

Surdival Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 30 April 2023 to 28 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Wallstreams Cottage
Church Square
Wallstream Lane
Worsthorne
Lancashire
BB10 3NH

These financial statements were authorised for issue by the director on 22 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

 

Surdival Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 30 April 2023 to 28 April 2024

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Surdival Properties Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 30 April 2023 to 28 April 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 2 (2023 - 2).

4

Tangible assets

Investment properties

2024
£

At 30 April

190,000

There has been no valuation of investment property by an independent valuer.

5

Creditors

Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts which are secured of £8,869 (2023 - £8,424).

Creditors: amounts falling due after more than one year

Creditors include bank loans which are secured of £58,375 (2023 - £66,966).

Creditors include bank loans repayable by instalments of £18,837 (2023 - £29,366) due after more than five years.

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A shares of £1 each

80

80

80

80

Ordinary B shares of £1 each

80

80

80

80

160

160

160

160