Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312025-05-06false2024-01-01falseInvestment in stocks and shares33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00553055 2024-01-01 2024-12-31 00553055 2023-01-01 2023-12-31 00553055 2024-12-31 00553055 2023-12-31 00553055 2023-01-01 00553055 c:Director4 2024-01-01 2024-12-31 00553055 d:CurrentFinancialInstruments 2024-12-31 00553055 d:CurrentFinancialInstruments 2023-12-31 00553055 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 00553055 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00553055 d:ShareCapital 2024-12-31 00553055 d:ShareCapital 2023-12-31 00553055 d:ShareCapital 2023-01-01 00553055 d:CapitalRedemptionReserve 2024-12-31 00553055 d:CapitalRedemptionReserve 2023-12-31 00553055 d:CapitalRedemptionReserve 2023-01-01 00553055 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 00553055 d:RetainedEarningsAccumulatedLosses 2024-12-31 00553055 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 00553055 d:RetainedEarningsAccumulatedLosses 2023-12-31 00553055 d:RetainedEarningsAccumulatedLosses 2023-01-01 00553055 c:FRS102 2024-01-01 2024-12-31 00553055 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 00553055 c:FullAccounts 2024-01-01 2024-12-31 00553055 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 00553055 d:OtherDeferredTax 2024-12-31 00553055 d:OtherDeferredTax 2023-12-31 00553055 6 2024-01-01 2024-12-31 00553055 3 2024-12-31 00553055 3 2023-12-31 00553055 f:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Registered number: 00553055








SUTHERLAND FLATS LIMITED

UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2024

 
SUTHERLAND FLATS LIMITED
REGISTERED NUMBER: 00553055

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 7 
360,189
375,242

  
360,189
375,242

Current assets
  

Debtors: amounts falling due within one year
 8 
-
270

Cash at bank and in hand
  
18,999
3,277

  
18,999
3,547

Creditors: amounts falling due within one year
 9 
(3,900)
(3,800)

Net current assets/(liabilities)
  
 
 
15,099
 
 
(253)

Total assets less current liabilities
  
375,288
374,989

Provisions for liabilities
  

Deferred tax
 10 
(27,350)
(30,250)

  
 
 
(27,350)
 
 
(30,250)

Net assets
  
347,938
344,739


Capital and reserves
  

Called up share capital 
  
20,001
20,001

Capital redemption reserve
 11 
1
1

Profit and loss account
 11 
327,936
324,737

  
347,938
344,739


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
 
Page 1

 
SUTHERLAND FLATS LIMITED
REGISTERED NUMBER: 00553055
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024


The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 6 May 2025.





T. A. Drew
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
SUTHERLAND FLATS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD FROM 1 JANUARY 2022 TO  31 DECEMBER 2024


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£


At 1 January 2023
20,001
1
342,274
362,276



Profit for the year
-
-
12,463
12,463

Dividends: Equity capital
-
-
(30,000)
(30,000)



At 1 January 2024
20,001
1
324,737
344,739



Profit for the year
-
-
33,199
33,199

Dividends: Equity capital
-
-
(30,000)
(30,000)


At 31 December 2024
20,001
1
327,936
347,938


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
SUTHERLAND FLATS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Sutherland Flats Limited is a private company limited by share capital, incorporated in England and Wales, registration number 00553055. The address of the registered office is 30 Orange Street, London, WC2H 7HF.
The financial statements are presented in Sterling, which is the functional currency of the company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Turnover comprises revenue recognised by the company in respect of investment income receivable.

 
2.3

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are 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.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 4

 
SUTHERLAND FLATS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.10

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 and investments in non-puttable ordinary shares.
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 the Statement of comprehensive income including profit and loss account.
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.
Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the
Page 5

 
SUTHERLAND FLATS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.10
Financial instruments (continued)

recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss.  Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.


3.


Other operating income

2024
2023
£
£

Profit on disposal of investments
26,245
3,930

26,245
3,930



4.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


5.


Taxation



Factors affecting tax charge for the year

There were no factors that affected the tax charge for the year.


Factors that may affect future tax charges

There were no factors that may affect future tax charges.


6.


Dividends

2024
2023
£
£


Dividends paid during the year
30,000
30,000

30,000
30,000

Page 6

 
SUTHERLAND FLATS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 January 2024
375,242


Disposals
(6,156)


Revaluations
(8,897)



At 31 December 2024

360,189






Net book value



At 31 December 2024
360,189



At 31 December 2023
375,242


8.


Debtors

2024
2023
£
£


Other debtors
-
270

-
270



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Accruals and deferred income
3,900
3,800

3,900
3,800


Page 7

 
SUTHERLAND FLATS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Deferred taxation




2024


£






At beginning of year
(30,250)


Charged to profit or loss
2,900



At end of year
(27,350)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


On investment revaluation
(27,350)
(30,250)

(27,350)
(30,250)


11.


Reserves

Profit & loss account

The profit and loss reserve includes unrealised gains of £234,857 which are not distributable reserves.

Page 8