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REGISTERED NUMBER: 01071630 (England and Wales)















Sussex Iron Craft (South Eastern)
Limited

Unaudited Financial Statements for the Year Ended 31 December 2024






Sussex Iron Craft (South Eastern)
Limited (Registered number: 01071630)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sussex Iron Craft (South Eastern)
Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr D Pain
Mr I D Hughes
Mrs J E Hughes
Mrs E A Pain





REGISTERED OFFICE: 14 The Paragon
Eastbourne
East Sussex
BN20 9SH





REGISTERED NUMBER: 01071630 (England and Wales)





ACCOUNTANTS: Swindells LLP
Chartered Accountants
Atlantic House
8 Bell Lane
Bellbrook Industrial Estate
Uckfield
East Sussex
TN22 1QL

Sussex Iron Craft (South Eastern)
Limited (Registered number: 01071630)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investments 4 - 191

CURRENT ASSETS
Debtors 5 9,019 -
Cash at bank 368,814 768,347
377,833 768,347
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

2,718

292,845
NET CURRENT ASSETS 375,115 475,502
TOTAL ASSETS LESS CURRENT
LIABILITIES

375,115

475,693

PROVISIONS FOR LIABILITIES - 44
NET ASSETS 375,115 475,649

CAPITAL AND RESERVES
Called up share capital 7 7,600 7,600
Capital redemption reserve 8 2,400 2,400
Retained earnings 8 365,115 465,649
SHAREHOLDERS' FUNDS 375,115 475,649

Sussex Iron Craft (South Eastern)
Limited (Registered number: 01071630)

Balance Sheet - continued
31 December 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by:





Mr I D Hughes - Director


Sussex Iron Craft (South Eastern)
Limited (Registered number: 01071630)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Sussex Iron Craft (South Eastern) 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 (£).


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.

Investment property
Investment property is shown at fair value at each reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investments
Listed fixed asset investments are measured at fair value through profit or loss. The fair value of listed investments is determined by reference to the bid price at the year end date.

Taxation
Taxation for the year 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 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.

Sussex Iron Craft (South Eastern)
Limited (Registered number: 01071630)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Revenue recognition
Revenue in respect of rental income from investment properties is recognised in accordance with the lease or rental agreement on an accruals basis.

Revenue from other assets held as fixed asset investments is recognised when received or upon unconditional sale of the investment.

Break up basis
On 20 October 2023, the company sold its investment property. Following the completion of the sale, the directors have indicated their intention to appoint a liquidator to formally wind up the company in the near future. On this basis, the accounts have been prepared on a break up basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST
At 1 January 2024 191
Disposals (191 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 191

The fixed asset investments were acquired at nil cost.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 9,019 -

Sussex Iron Craft (South Eastern)
Limited (Registered number: 01071630)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 202,115
Other creditors 2,718 90,730
2,718 292,845

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
7,600 Ordinary £1 7,600 7,600

8. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 January 2024 465,649 2,400 468,049
Deficit for the year (4,534 ) (4,534 )
Dividends (96,000 ) (96,000 )
At 31 December 2024 365,115 2,400 367,515

Sussex Iron Craft (South Eastern)
Limited (Registered number: 01071630)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company made advances to director 1 of £48,048 (2023: £5,770) and was repaid £24,000 (2023: £24,000). At the balance sheet date the director owed the company £2,322 (2023: the company owed the director £21,726). The company charged interest at the beneficial rate of 2.25% amounting to £48 (2023: £nil) which is included in advances.

During the year the company made advances to director 2 of £48,548 (2023: £5,270) and was repaid £24,000 (2023: £24,000). At the balance sheet date the director owed the company £2,431 (2023: the company owed the director £22,117). The company charged interest at the beneficial rate of 2.25% amounting to £48 (2023: £nil) which is included in advances.

During the year the company made advances to director 3 of £48,545 (2023: £5,270) and was repaid £24,000 (2023: £24,000). At the balance sheet date the director owed the company £1,837 (2023: the company owed the director £22,708). The company charged interest at the beneficial rate of 2.25% amounting to £45 (2023: £nil) which is included in advances.

During the year the company made advances to director 4 of £48,045 (2023: £5,770) and was repaid £24,000 (2023: £24,000). At the balance sheet date the director owed the company £1,865 (2023: the company owed the director £22,180). The company charged interest at the beneficial rate of 2.25% amounting to £45 (2023: £nil) which is included in advances.

The loans are unsecured and repayable on demand.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £96,000 (2023 - £96,000) were paid to the directors .