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Company No: 07679494 (England and Wales)

SUTHERLAND RHODES LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2025
Pages for filing with the registrar

SUTHERLAND RHODES LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2025

Contents

SUTHERLAND RHODES LIMITED

BALANCE SHEET

As at 30 June 2025
SUTHERLAND RHODES LIMITED

BALANCE SHEET (continued)

As at 30 June 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 450 899
Investment property 4 203,421 0
203,871 899
Current assets
Debtors 5 2,479 0
Cash at bank and in hand 2,672 110,790
5,151 110,790
Creditors: amounts falling due within one year 6 ( 131,696) ( 82,040)
Net current (liabilities)/assets (126,545) 28,750
Total assets less current liabilities 77,326 29,649
Creditors: amounts falling due after more than one year 7 ( 45,550) 0
Net assets 31,776 29,649
Capital and reserves
Called-up share capital 8 2 2
Profit and loss account 31,774 29,647
Total shareholders' funds 31,776 29,649

For the financial year ending 30 June 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Sutherland Rhodes Limited (registered number: 07679494) were approved and authorised for issue by the Director on 16 August 2025. They were signed on its behalf by:

Dr M Rhodes
Director
SUTHERLAND RHODES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025
SUTHERLAND RHODES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Sutherland Rhodes Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Old Forge Portbridge, Stoke Gabriel, Totnes, TQ9 6RL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic. The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to
another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 July 2024 1,349 1,349
At 30 June 2025 1,349 1,349
Accumulated depreciation
At 01 July 2024 450 450
Charge for the financial year 449 449
At 30 June 2025 899 899
Net book value
At 30 June 2025 450 450
At 30 June 2024 899 899

4. Investment property

Investment property
£
Valuation
As at 01 July 2024 0
Additions 203,421
As at 30 June 2025 203,421

The fair value of the company's investment property was not revalued in the year as a new investment property was acquired in the year and the view was taken that there was no material change in the value of the property since the date of acquisition.

5. Debtors

2025 2024
£ £
Other debtors 2,479 0

6. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans 6,600 0
Taxation and social security 685 593
Other creditors 124,411 81,447
131,696 82,040

7. Creditors: amounts falling due after more than one year

2025 2024
£ £
Bank loans 45,550 0

Security is given on the company's bank loans by a charge held over the property at Higher Warberry Road.

8. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
1 Ordinary A share of £ 1.00 1 1
1 Ordinary B share of £ 1.00 1 1
2 2