Suffolk Capital Limited Filleted Accounts Cover |
Company No. 12255591 | |||||||||
Suffolk Capital Limited Directors Report Registrar |
The Director presents his report and the accounts for the year ended 31 October 2024. | |||||||||
Principal activities | |||||||||
Director | |||||||||
The Director who served at any time during the year was as follows: | |||||||||
D.M. Saulter | |||||||||
Signed on behalf of the board | |||||||||
D.M. Saulter | |||||||||
Director | |||||||||
25 June 2025 |
Suffolk Capital Limited Balance Sheet Registrar |
at | ||||||||||
Company No. | Notes | 2024 | 2023 | |||||||
£ | £ | |||||||||
Fixed assets | ||||||||||
Investments | 4 | |||||||||
Current assets | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
Creditors: Amount falling due within one year | 6 | ( | ( | |||||||
Net current assets | ||||||||||
Total assets less current liabilities | ||||||||||
Creditors: Amounts falling due after more than one year | 7 | ( | ( | |||||||
Net assets/(liabilities) | ( | |||||||||
Capital and reserves | ||||||||||
Called up share capital | ||||||||||
Profit and loss account | 9 | ( | ||||||||
Total equity | ( | |||||||||
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on 25 June 2025 and signed on its behalf by: | ||||||||||
D.M. Saulter | ||||||||||
Director | ||||||||||
25 June 2025 |
Suffolk Capital Limited Notes to the Accounts Registrar |
for the year ended 31 October 2024 | ||||||||||||||
1 | General information | |||||||||||||
Suffolk Capital Limited is a private company limited by shares and incorporated in England and Wales. | ||||||||||||||
Its registered number is: 12255591 | ||||||||||||||
Its registered office is: | ||||||||||||||
2 | Accounting policies | |||||||||||||
Taxation | ||||||||||||||
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. | ||||||||||||||
Investments | ||||||||||||||
Other operating income | ||||||||||||||
Trade and other debtors | ||||||||||||||
Trade and other creditors | ||||||||||||||
Provisions | ||||||||||||||
Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet. | ||||||||||||||
3 | Employees | |||||||||||||
2024 | 2023 | |||||||||||||
Number | Number | |||||||||||||
The average monthly number of employees (including directors) during the year was: | ||||||||||||||
4 | Investments | |||||||||||||
Other investments | Total | |||||||||||||
£ | £ | |||||||||||||
Cost or valuation | ||||||||||||||
At 1 November 2023 | ||||||||||||||
Additions | ||||||||||||||
At 31 October 2024 | ||||||||||||||
Provisions/Impairment | ||||||||||||||
Net book values | ||||||||||||||
At 31 October 2024 | ||||||||||||||
At 31 October 2023 | ||||||||||||||
5 | Debtors | |||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Deferred tax asset | ||||||||||||||
Other debtors | ||||||||||||||
Amounts included within Other debtors that fall due after more than one year | ||||||||||||||
6 | Creditors: | |||||||||||||
amounts falling due within one year | ||||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Loans from directors | ||||||||||||||
Accruals and deferred income | ||||||||||||||
7 | Creditors: | |||||||||||||
amounts falling due after more than one year | ||||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Other loans | ||||||||||||||
Liabilities repayable in more than five years after the balance sheet date | ||||||||||||||
Amount repayable otherwise than by instalments | 15,032,732 | |||||||||||||
During the year, a £15 million loan note was issued to a director in exchange for shares previously held personally and transferred into Suffolk Capital Ltd at market value. This loan note bears interest at 0.5% per annum, accruing daily, and is repayable upon the sale of the transferred shares. | ||||||||||||||
8 | Share Capital | |||||||||||||
The share capital balance consists of 40 Ordinary £1.00 shares plus 60 Ordinary class B shares of £1.00 each. | ||||||||||||||
9 | Reserves | |||||||||||||
10 | Related party disclosures | |||||||||||||
Transactions with related parties | ||||||||||||||
Other investments includes £510,048 invested in two businesses owned and operated by a director's family member. Other debtors includes £100,000 loaned to a company that has shared ownership with Suffolk Capital Ltd. All transactions with related parties are made with consideration to reasonable market rates of interest at the time of the agreement. | ||||||||||||||