Sudbury Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03899876 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SUDBURY PROPERTIES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs R Gross

J Schreiber

SECRETARY:

Mrs R Niederman

REGISTERED OFFICE:

115 Craven Park Road

London

N15 6BL

REGISTERED NUMBER:

03899876 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

4

-

91

Investment property

5

24,300,000

19,018,954

24,300,000

19,019,045

CURRENT ASSETS

Debtors

6

5,393,119

4,997,402

Cash at bank

338,159

469,263

5,731,278

5,466,665

CREDITORS

Amounts falling due within one year

7

(2,417,063

)

(2,478,357

)

NET CURRENT ASSETS

3,314,215

2,988,308

TOTAL ASSETS LESS CURRENT
LIABILITIES

27,614,215

22,007,353

CREDITORS

Amounts falling due after more than one
year

8

(7,206,872

)

(7,206,872

)

PROVISIONS FOR LIABILITIES

(3,838,090

)

(2,517,829

)

NET ASSETS

16,569,253

12,282,652

CAPITAL AND RESERVES

Called up share capital

11

100

Revaluation reserve

12

18,532,779

13,251,733

Retained earnings

12

(1,963,626

)

(969,181

)

SHAREHOLDERS' FUNDS

16,569,253

12,282,652

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

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

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 18 September 2025 and were signed on its behalf by:

J Schreiber - Director

1.	STATUTORY INFORMATION

Sudbury Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2024

and 31 December 2024

47,588

DEPRECIATION

At 1 January 2024

47,497

Charge for year

91

At 31 December 2024

47,588

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

91

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

19,018,954

Revaluations

5,281,046

At 31 December 2024

24,300,000

NET BOOK VALUE

At 31 December 2024

24,300,000

At 31 December 2023

19,018,954

Fair value at 31 December 2024 is represented by:

£

Valuation in 2015

9,366,815

Valuation in 2018

5,633,185

Valuation in 2021

3,884,918

Valuation in 2024

5,281,046

Cost

134,036

24,300,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Other debtors

5,393,119

4,997,402

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts (see note 9)

209,167

219,167

Trade creditors

190,390

188,606

Taxation and social security

52,731

130,955

Other creditors

1,964,775

1,939,629

2,417,063

2,478,357

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Bank loans (see note 9)

6,378,750

Amounts owed to associates

14,520

Other creditors

813,602

7,206,872

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

5,598,750

9.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

Amounts falling due within one year or on demand:

Bank loans

209,167

219,167

Amounts falling due between two and five years:

Bank loans - 2-5 years

780,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

5,598,750

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

Bank loans

6,587,917

6,597,917

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

100

Ordinary

1

100

12.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

At 1 January 2024

(969,181

)

13,251,733

12,282,552

Profit for the year

4,286,601

Revaluation

(5,281,046

)

5,281,046

-

At 31 December 2024

(1,963,626

)

18,532,779

16,569,153