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REGISTERED NUMBER: 10899906 (England and Wales)















GREAT SUTTON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






GREAT SUTTON LIMITED (REGISTERED NUMBER: 10899906)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GREAT SUTTON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: Dr D Thorburn
Dr C Merriman
Dr A McAlavey
Dr C Francey
Dr J Crofts





REGISTERED OFFICE: Third Floor
21 St MaryÆs Street
Shrewsbury
Shropshire
SY1 1ED





REGISTERED NUMBER: 10899906 (England and Wales)





ACCOUNTANTS: TCA (Shrewsbury) LLP
Third Floor
21 St Mary's Street
Shrewsbury
Shropshire
SY1 1ED

GREAT SUTTON LIMITED (REGISTERED NUMBER: 10899906)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 10,761,442 4,534,058

CURRENT ASSETS
Debtors 5 142,970 221,554
Cash at bank 24,965 34,871
167,935 256,425
CREDITORS
Amounts falling due within one year 6 388,688 793,166
NET CURRENT LIABILITIES (220,753 ) (536,741 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,540,689

3,997,317

CREDITORS
Amounts falling due after more than one
year

7

10,576,721

4,024,921
NET LIABILITIES (36,032 ) (27,604 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (36,132 ) (27,704 )
SHAREHOLDERS' FUNDS (36,032 ) (27,604 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

GREAT SUTTON LIMITED (REGISTERED NUMBER: 10899906)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:





Dr C Merriman - Director


GREAT SUTTON LIMITED (REGISTERED NUMBER: 10899906)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Great Sutton Limited is a private company limited by shares incorporated in England and Wales. The registered office is Third Floor, 21 St. Mary's Street, Shrewsbury, England, SY1 1ED, and the principal place of business is at Great Sutton Medical Centre, Old Chester Rd, Great Sutton, CH66 3SP.

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.

Going concern
At the time of approving the financial statements , the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

The company is in the process of constructing a building. This will be completed by the Autumn of 2025. Once constructed, trade will commence from this site.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Assets in course of construction nil

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.


GREAT SUTTON LIMITED (REGISTERED NUMBER: 10899906)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

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.

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements, when there is a legally 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.

Borrowing costs
All borrowing costs are capitalised into the value of the property until the time the asset is completed and ready for use.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Assets in
course of
construction
£   
COST
At 1 September 2023 4,534,058
Additions 6,227,384
At 31 August 2024 10,761,442
NET BOOK VALUE
At 31 August 2024 10,761,442
At 31 August 2023 4,534,058

GREAT SUTTON LIMITED (REGISTERED NUMBER: 10899906)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 142,970 221,554

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 328,666 736,036
Other creditors 53,530 53,530
Accruals and deferred income 6,492 3,600
388,688 793,166

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 10,556,631 4,024,921
Accruals and deferred income 20,090 -
10,576,721 4,024,921

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 10,556,631 4,024,921

8. LOANS

Bank loans are secured by a mortgage and fixed charge over all of the company land and property. There is also a floating charge over assets present and future. The bank loan is currently interest only.

9. FINANCIAL INSTRUMENTS

2024 2023
£ £
Financial assets
Financial assets measured at fair value through profit or loss 24,965 34,871
Financial assets that are debt instruments measured at amortised
cost

142,970

221,554
167,935 256,425

Financial liabilities
Financial liabilities measured at amortised cost (388,688 ) (793,166 )
(388,688 ) (793,166 )

Financial assets measured at fair value through profit or loss comprise the cash at bank.
Financial assets measured at amortised cost comprise trade debtors and other debtors.

Financial liabilities measured at amortised cost comprise trade, other creditors, accruals and deferred income.

GREAT SUTTON LIMITED (REGISTERED NUMBER: 10899906)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

During the year the following transactions took place between Great Sutton Limited and the following Directors; J L Crofts, C Francey, A J McAlavey, C Merriman and D M Thorburn.

2024 2023
£ £
Brought forward 53,530 83,225
Invoices and payments made by the Directors 20,000 16,134
Repayments made to the Directors (20,000 ) (45,829 )
Amount due at 31 August 2024 53,530 53,530

The Directors paid some invoices directly on behalf of Great Sutton Limited, so all transactions noted above were concluded under normal market conditions.This loan is repayable on demand. The Directors confirm that they will not seek repayment until the company has cash reserves available.