Sutton Property Management Limited

Registered number

02893369

Unaudited Filleted Accounts

28 February 2025

Sutton Property Management Limited
Registered number:		02893369
Balance Sheet
as at 28 February 2025

Notes			2025			2024
£				£
Investments
Investment property	3		1,140,704			1,155,229

Current assets
Debtors	4	12,800			-
Cash at bank and in hand		19,813			18,222
		32,613			18,222

Creditors: amounts falling due within one year	5	(291,419)			(556,341)

Net current liabilities			(258,806)			(538,119)

Total assets less current liabilities			881,898			617,110


Provisions for liabilities			(43,319)			-


Net assets			838,579			617,110

Capital and reserves
Called up share capital			100			100
Profit and loss account			838,479			617,010

Shareholders' funds			838,579			617,110

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Ernest A Wordsworth
Director
Approved by the board on 28 November 2025

Sutton Property Management Limited
Notes to the Accounts
for the year ended 28 February 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	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 recognised 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.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Investment property
	Investment property, which is property held to earn income from rentals and/or capital appreciation, is initally recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently, it is reported at fair value at the reporting end date. Changes in fair value are reported to the profit and loss account. Fair value is normally determined by reference to quoted prices from reputable sources; that is the market price.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

2	Employees	2025		2024
Number			Number

	Average number of persons employed by the company	0		0

3	Investment property

Other
investments
£
	Fair value
	At 1 March 2024			1,155,229
	Additions			103,848
	Revaluation			173,276
	Disposals			(291,649)

	At 28 February 2025			1,140,704


4	Debtors	2025		2024
£			£

	Other debtors	12,800		-


5	Creditors: amounts falling due within one year	2025		2024
£			£

	Taxation and social security costs	48,328		1,273
	Other creditors	243,091		555,068
		291,419		556,341


6	Other information

	Sutton Property Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Evergreen
	Welsh Road
	Little Sutton
	Cheshire
	CH66 4QR