REGISTERED NUMBER: 13089329 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

Sutton Oak Properties Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

K Musson

D J Musson

REGISTERED OFFICE:

c/o Parker Cavendish, Suite 301

Stanmore Business and Innovation Centre

Howard Road

Stanmore

Middlesex

HA7 1FW

REGISTERED NUMBER:

13089329 (England and Wales)

ACCOUNTANTS:

Parker Cavendish

Chartered Accountants

Suite 301, Stanmore Business

and Innovation Centre

Howard Road

Stanmore

Middlesex

HA7 1FW

FIXED ASSETS

Investment property

4

733,929

440,538

CURRENT ASSETS

Cash at bank

5,390

11,860

CREDITORS

Amounts falling due within one year

5

(255,803

)

(134,886

)

NET CURRENT LIABILITIES

(250,413

)

(123,026

)

TOTAL ASSETS LESS CURRENT LIABILITIES

483,516

317,512

CREDITORS

Amounts falling due after more than one year

6

(479,608

)

(319,096

)

NET ASSETS/(LIABILITIES)

3,908

(1,584

)

RESERVES

Retained earnings

3,908

(1,584

)

3,908

(1,584

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2025 and were signed on its behalf by:

D J Musson - Director

1.	STATUTORY INFORMATION

Sutton Oak 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historic cost convention, modified to include investment properties at fair value.

Turnover

Turnover represents rent receivable. Income is recognised over the period of the tenancy agreement.

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 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 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.

Going concern

The directors consider that the going concern basis is appropriate and assume that the company will continue in operational existence for at least twelve months from the date of approval of these financial statements. The validity of this assumption is dependent upon the continued support of the directors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

440,538

Additions

293,391

At 31 March 2025

733,929

NET BOOK VALUE

At 31 March 2025

733,929

At 31 March 2024

440,538

The fair value of the investment properties has been arrived at on the basis of a valuation carried out at 31 March 2025 by the directors of the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

If investment property were shown at historical cost, the value as at 31 March 2025 would also have been £733,929 (2024: £440,538).

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

917

-

Other creditors

254,886

134,886

255,803

134,886

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

479,608

319,096

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans more 5yrs non-inst

479,609

319,096

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Other loans

479,609

319,096

The company has taken out a buy to let mortgage of £90,000 with Charter Court Financial Services Limited, secured by way of fixed charge over the company's investment property. The company has also taken out a mortgage of £225,000 with UK Mortgage Lending Ltd, secured by way of a fixed charge over the company's investment property.

During the year, company has taken out another mortgage of £160,500 with Aldermore Bank PLC secured by way of a fixed charge over the company's investment property.

8.	RELATED PARTY DISCLOSURES

Included in other creditors at the year end is an aggregate amount of £122,786 (2024: £122,786) due to the directors, K Musson and D J Musson. This amount has been provided unsecured, interest free and is effectively repayable on demand.

Included in other creditors at the year end is an amount of £130,000 (2024: £10,000) due to Quality Events Limited, a company in which K Musson and D J Musson are the directors. This amount has been provided unsecured, interest free and is effectively repayable on demand.