REGISTERED NUMBER: 04274432 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2025

FOR

SUSSEX PROPERTIES LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

19,680

739

CURRENT ASSETS

Stocks

5

393,947

1,193,243

Debtors

6

4,970

3,670

Cash at bank

978,079

26,552

1,376,996

1,223,465

CREDITORS

Amounts falling due within one year

7

55,141

37,066

NET CURRENT ASSETS

1,321,855

1,186,399

TOTAL ASSETS LESS CURRENT LIABILITIES

1,341,535

1,187,138

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,341,435

1,187,038

1,341,535

1,187,138

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 September 2025 and were signed by:

J R Ardagh - Director

1.	STATUTORY INFORMATION

Sussex Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

04274432

Registered office:

The Garden House

Middleton Manor

Westmeston

East Sussex

BN6 8RL

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover comprises sales of development property.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stock relates to property that was acquired for the purpose of re-development and has been valued at the lower of cost and net realisable value.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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 balance sheet date.

Going concern

After reviewing the company's forecasts, the director believes that the company has adequate resources to continue for the foreseeable future and therefore, the company continues to adopt the going concern basis in preparing its financial statements.

3.

EMPLOYEES

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 6 April 2024

-

2,698

2,698

Additions

21,000

2,607

23,607

At 5 April 2025

21,000

5,305

26,305

DEPRECIATION

At 6 April 2024

-

1,959

1,959

Charge for year

3,938

728

4,666

At 5 April 2025

3,938

2,687

6,625

NET BOOK VALUE

At 5 April 2025

17,062

2,618

19,680

At 5 April 2024

-

739

739

5.

STOCKS

2025

2024

£

£

Inventories

393,947

1,193,243

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,100

500

Tax

-

840

VAT

113

760

Prepayments and accrued income

3,757

1,570

4,970

3,670

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

4,235

1,910

Corporation tax

48,907

33,155

Accruals and deferred income

1,999

2,001

55,141

37,066