Registration number: 03276103

Sudbury Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Sudbury Limited

Company Information

Director

P V O'Connell

Registered office

The Barn Webb's Heath Farm Siston Lane BRISTOL United Kingdom BS30 5LX

Accountants

Dorrington Mundy Chartered Accountants5 Beauley Road Southville Bristol BS3 1PX

Sudbury Limited

(Registration number: 03276103)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	42,581	56,776
Investment property	5	734,619	734,619
		777,200	791,395
Current assets
Stocks	6	121,319	121,319
Debtors	7	54,886	55,745
Cash at bank and in hand		24,183	6,969
		200,388	184,033
Creditors: Amounts falling due within one year	8	(180,658)	(168,022)
Net current assets		19,730	16,011
Total assets less current liabilities		796,930	807,406
Creditors: Amounts falling due after more than one year	8	(302,286)	(309,515)
Provisions for liabilities		(66,500)	(66,500)
Net assets		428,144	431,391
Capital and reserves
Called up share capital		100	100
Retained earnings		428,044	431,291
Shareholders' funds		428,144	431,391

For the financial year ending 31 March 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Sudbury Limited

(Registration number: 03276103)
Balance Sheet as at 31 March 2025

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 December 2025
 

......................................... P V O'Connell Director

Sudbury Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Barn
Webb's Heath Farm
Siston Lane
BRISTOL
BS30 5LX
United Kingdom

These financial statements were authorised for issue by the director on 30 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of property and rental income in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Sudbury Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% reducing balance
Office and computer equipment	25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from clients for property sold or from rentals received in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Work in progress property stocks are stated at the lower of cost and estimated selling price.

The cost of work in progress comprises direct costs, materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the property stock to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Sudbury Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

Sudbury Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	643	101,522	102,165
At 31 March 2025	643	101,522	102,165
Depreciation
At 1 April 2024	549	44,840	45,389
Charge for the year	24	14,171	14,195
At 31 March 2025	573	59,011	59,584
Carrying amount
At 31 March 2025	70	42,511	42,581
At 31 March 2024	94	56,682	56,776

5	Investment properties

	2025 £
At 1 April	734,619
At 31 March	734,619

The method is based on current market conditions and occupancy of the properties.

A valuation was carried out on 5 January 2016 by Clifton Property Services Limited and the director believes that the valuations are still the same.

6

Stocks

	2025 £	2024 £
Work in progress	121,319	121,319

Sudbury Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Debtors

	2025 £	2024 £
Prepayments	-	859
Other debtors	54,886	54,886
	54,886	55,745

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	8,280	8,280
Trade creditors		1,040	780
Amounts owed to group undertakings and undertakings in which the company has a participating interest		141,986	133,258
Taxation and social security		3,532	276
Accruals and deferred income		5,392	5,392
Other creditors		20,428	20,036
		180,658	168,022

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	302,286	309,515

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	302,286	309,515

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	8,280	8,280

Sudbury Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

10	Parent and ultimate parent undertaking

The ultimate controlling party is Mr P V O'Connell.