Company Registration No. 08180915 (England and Wales)
Sugden Properties Limited
Unaudited accounts
for the year ended 31 December 2024
Sugden Properties Limited
Statement of financial position
as at 31 December 2024
Tangible assets
119,683
121,966
Cash at bank and in hand
143,688
50,898
Creditors: amounts falling due within one year
(172,045)
(152,441)
Net current assets
163,409
100,577
Total assets less current liabilities
283,092
222,543
Creditors: amounts falling due after more than one year
(24,589)
(38,633)
Net assets
258,503
183,910
Called up share capital
4
4
Profit and loss account
258,499
183,906
Shareholders' funds
258,503
183,910
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 June 2025 and were signed on its behalf by
Mr. Mark Sugden
Director
Company Registration No. 08180915
Sugden Properties Limited
Notes to the Accounts
for the year ended 31 December 2024
Sugden Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 08180915. The registered office is 8 The Green, Bradford, West Yorkshire, BD10 9PR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognized by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures & fittings
15% reducing balance
Computer equipment
15% reducing balance
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 accounts. 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 current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Sugden Properties Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Intangible fixed assets
Total
At 31 December 2024
61,500
At 31 December 2024
61,500
5
Tangible fixed assets
Total
At 31 December 2024
150,008
At 31 December 2024
30,325
At 31 December 2024
119,683
At 31 December 2023
121,966
6
Average number of employees
During the year the average number of employees was 17 (2023: 17).