Suffolk Capital Limited Filleted Accounts Cover
Suffolk Capital Limited
Company No. 12255591
Information for Filing with The Registrar
31 October 2024
Suffolk Capital Limited Directors Report Registrar
The Director presents his report and the accounts for the year ended 31 October 2024.
Principal activities
The principal activity of the company during the year under review was a family investment company.
Director
The Director who served at any time during the year was as follows:
D.M. Saulter
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
D.M. Saulter
Director
25 June 2025
Suffolk Capital Limited Balance Sheet Registrar
at
31 October 2024
Company No.
12255591
Notes
2024
2023
£
£
Fixed assets
Investments
4
16,066,986825,040
16,066,986825,040
Current assets
Debtors
5
634,942765,509
Cash at bank and in hand
7159,935
635,657775,444
Creditors: Amount falling due within one year
6
(17,856)
(9,922)
Net current assets
617,801765,522
Total assets less current liabilities
16,684,7871,590,562
Creditors: Amounts falling due after more than one year
7
(16,644,211)
(1,609,355)
Net assets/(liabilities)
40,576
(18,793)
Capital and reserves
Called up share capital
100100
Profit and loss account
9
40,476
(18,893)
Total equity
40,576
(18,793)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit 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 accounts.
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:
Suite 1, Dairy Barn Mews
Summers Park
Lawford
Manningtree
CO11 2BZ
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
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
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Other operating income
Other operating income comprises the receipt of interest on loans to related parties.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other 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.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

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:
11
4
Investments
Other investments
Total
£
£
Cost or valuation
At 1 November 2023
825,040
825,040
Additions
15,241,946
15,241,946
At 31 October 2024
16,066,986
16,066,986
Provisions/Impairment
Net book values
At 31 October 2024
16,066,986
16,066,986
At 31 October 2023
825,040
825,040
5
Debtors
2024
2023
£
£
Deferred tax asset
9,84515,413
Other debtors
625,097750,096
634,942765,509
Amounts included within Other debtors that fall due after more than one year
625,097750,096
6
Creditors:
amounts falling due within one year
2024
2023
£
£
Loans from directors
-312
Accruals and deferred income
17,8569,610
17,8569,922
7
Creditors:
amounts falling due after more than one year
2024
2023
£
£
Other loans
16,644,2111,609,355
16,644,2111,609,355
Liabilities repayable in more than five years after the balance sheet date
Amount repayable otherwise than by instalments
15,032,732
15,032,732
The company has received funds from a director to support long-term investment activities. They are unsecured, interest-free, and repayable at the company’s discretion.
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
Profit and loss account - includes all current and prior period retained profits and losses.
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.
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