Company registration number 00597461 (England and Wales)
SUTTON INSURANCE AND MAINTENANCE COMPANY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
SUTTON INSURANCE AND MAINTENANCE COMPANY LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
SUTTON INSURANCE AND MAINTENANCE COMPANY LTD
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
3
23
31
Investment property
4
375,000
375,000
Investments
5
120,000
150,000
495,023
525,031
Current assets
Debtors
6
141,880
119,134
Cash at bank and in hand
22,110
37,781
163,990
156,915
Creditors: amounts falling due within one year
7
(46,308)
(57,775)
Net current assets
117,682
99,140
Total assets less current liabilities
612,705
624,171
Provisions for liabilities
(69,526)
(84,096)
Net assets
543,179
540,075
Capital and reserves
Called up share capital
40
40
Capital redemption reserve
58,557
58,557
Profit and loss reserves
484,582
481,478
Total equity
543,179
540,075
SUTTON INSURANCE AND MAINTENANCE COMPANY LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2026
31 March 2026
- 2 -

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 22 July 2026
Mrs S Baker
Director
Company registration number 00597461 (England and Wales)
SUTTON INSURANCE AND MAINTENANCE COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 3 -
1
Accounting policies
Company information

Sutton Insurance and Maintenance Company Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 8 Ladram Way, Thorpe Bay, Southend-On-Sea, Essex, United Kingdom, SS1 3PZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

In the opinion of the directors, it remains appropriate to continue to adopt the going concern basis of accounting.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
- 25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Fixed asset investments

Investments are stated at cost and no depreciation is provided thereon.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

SUTTON INSURANCE AND MAINTENANCE COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 4 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

SUTTON INSURANCE AND MAINTENANCE COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 5 -
1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
1
1
SUTTON INSURANCE AND MAINTENANCE COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 6 -
3
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 April 2025 and 31 March 2026
3,677
Depreciation and impairment
At 1 April 2025
3,646
Depreciation charged in the year
8
At 31 March 2026
3,654
Carrying amount
At 31 March 2026
23
At 31 March 2025
31

4
Investment property
2026
£
Fair value
At 1 April 2025 and 31 March 2026
375,000

Investment property comprises of original cost of £144,675 and valuation uplift of £737,330 in 2019, £30,000 in 2021, £80,000 in 2022 and negative £115,000 in 2025.

In the year ended 31st March 2025, a dividend in specie of £400,000 was made to the parent company of Sutton Insurance and Maintenance Co Limited, being equal to the fair value property transferred.

The fair value of the investment property has been arrived at on the basis of a directors valuation. The valuation made made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5
Fixed asset investments
2026
2025
£
£
Other investments other than loans
120,000
150,000
SUTTON INSURANCE AND MAINTENANCE COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
5
Fixed asset investments
(Continued)
- 7 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 April 2025
150,000
Disposals
(30,000)
At 31 March 2026
120,000
Carrying amount
At 31 March 2026
120,000
At 31 March 2025
150,000
6
Debtors
2026
2025
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
140,759
118,013
Other debtors
1,121
1,121
141,880
119,134
7
Creditors: amounts falling due within one year
2026
2025
£
£
Corporation tax
26,214
39,993
Other creditors
20,094
17,782
46,308
57,775
8
Parent company

The parent company of Sutton Insurance and Maintenance Company Ltd is Selig Properties Limited and its registered office is 7-8 Britannia Business Park, Comet Way, Southend on Sea, Essex, SS2 6GE.

9
Prior period adjustment
SUTTON INSURANCE AND MAINTENANCE COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
9
Prior period adjustment
(Continued)
- 8 -
Reconciliation of changes in equity
1 April
31 March
2024
2025
£
£
Adjustments to prior year
Transfer of property in prior year to Selig Properties Limited
-
(400,000)
Transfer of P&L results for transferred property to Selig Properties Limited
-
(5,482)
Correction of deferred tax
-
98,987
Total adjustments
-
(306,495)
Equity as previously reported
939,512
846,570
Equity as adjusted
939,512
540,075
Analysis of the effect upon equity
Profit and loss reserves
-
(306,495)
Reconciliation of changes in profit for the previous financial period
2025
£
Adjustments to prior year
Transfer of P&L results for transferred property to Selig Properties Limited
(5,482)
Correction of deferred tax
98,987
Total adjustments
93,505
Profit as previously reported
37,058
Profit as adjusted
130,563
Notes to reconciliation

A prior year adjustment of £400,000 has been posted to recognise the impact of a transfer of an investment property in October 2024 to the parent company that was not initially reflected in the filed accounts for the year ended 31st March 2025.

Income and expenditure totalling £5,482 has been transferred to the parent company, being rental income and associated costs of the property recognised in the prior year accounts after the transfer to Selig Properties Limited.

The deferred tax previously recognised in relation to historic property revaluations has also been adjusted, being £98,987 movement.

2026-03-31 2025-04-01 false false false 22 July 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mrs S Baker Mr D Plaskow 00597461 2025-04-01 2026-03-31 00597461 2026-03-31 00597461 2025-03-31 00597461 core:FurnitureFittings 2026-03-31 00597461 core:FurnitureFittings 2025-03-31 00597461 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 00597461 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 00597461 core:WithinOneYear 2026-03-31 00597461 core:WithinOneYear 2025-03-31 00597461 core:CurrentFinancialInstruments 2026-03-31 00597461 core:CurrentFinancialInstruments 2025-03-31 00597461 core:ShareCapital 2026-03-31 00597461 core:ShareCapital 2025-03-31 00597461 core:CapitalRedemptionReserve 2026-03-31 00597461 core:CapitalRedemptionReserve 2025-03-31 00597461 core:RetainedEarningsAccumulatedLosses 2026-03-31 00597461 core:RetainedEarningsAccumulatedLosses 2025-03-31 00597461 bus:Director1 2025-04-01 2026-03-31 00597461 core:FurnitureFittings 2025-04-01 2026-03-31 00597461 2024-04-01 2025-03-31 00597461 core:FurnitureFittings 2025-03-31 00597461 2025-03-31 00597461 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 00597461 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 00597461 bus:FRS102 2025-04-01 2026-03-31 00597461 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 00597461 bus:CompanySecretary1 2025-04-01 2026-03-31 00597461 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares iso4217:GBP