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Registration number: 11468876

Suma Estates Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

Suma Estates Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Suma Estates Limited

Company Information

Director

Mr T P McLoughlin

Registered office

Mercury House
Sitka Drive
Shrewsbury Business Park
Shrewsbury
SY2 6LG

Accountants

CBSL Accountants Limited
Chartered Accountants
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

 

Suma Estates Limited

(Registration number: 11468876)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

-

10,300,000

Creditors: Amounts falling due within one year

5

-

(879,404)

Net assets

 

-

9,420,596

Capital and reserves

 

Called up share capital

6

100,000

100,000

Share premium reserve

5,291,596

5,291,596

Retained earnings

(5,391,596)

4,029,000

Shareholders' funds

 

-

9,420,596

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 June 2025
 


Mr T P McLoughlin
Director

 

Suma Estates Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Mercury House
Sitka Drive
Shrewsbury Business Park
Shrewsbury
SY2 6LG

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by section 399 2A of the Companies Act 2006 not to prepare group accounts.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 1).

 

Suma Estates Limited

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

4

Investments

2024
£

2023
£

Investments in subsidiaries

-

10,300,000

Subsidiaries

£

Cost or valuation

At 1 January 2024

10,300,000

Disposals

(10,300,000)

At 31 December 2024

-

Carrying amount

At 31 December 2024

-

At 31 December 2023

10,300,000

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Suma (Developments) Limited

Mercury House
Sitka Drive
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

United Kingdom

Ordinary

0%

100%

 

Suma Estates Limited

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

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

7

-

879,404

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary 'A' of £1 each

51,094

51,094

51,094

51,094

Ordinary 'B' of £1 each

48,906

48,906

48,906

48,906

100,000

100,000

100,000

100,000

7

Related party transactions

Summary of transactions with other related parties


The company is controlled by Suma Property Limited, which is controlled by the director.