Suhu Properties Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05006759 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2019

for

Suhu Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H G F Pead

Mrs S V Pead

SECRETARY:

H G F Pead

REGISTERED OFFICE:

Bramleys

3 Silvertrees

Emsworth

Hampshire

PO10 7ST

REGISTERED NUMBER:

05006759 (England and Wales)

ACCOUNTANTS:

Ency Associates

Chartered Certified Accountants

Printware Court

Cumberland Business Centre

Northumberland Road

Portsmouth

Hampshire

PO5 1DS

FIXED ASSETS

Investment property

3

1,273,500

1,280,000

CURRENT ASSETS

Debtors

4

1,179

1,151

Cash at bank

8,678

6,265

9,857

7,416

CREDITORS

Amounts falling due within one year

5

9,631

9,271

NET CURRENT ASSETS/(LIABILITIES)

226

(1,855

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,273,726

1,278,145

CREDITORS

Amounts falling due after more than one year

6

(707,272

)

(741,599

)

PROVISIONS FOR LIABILITIES

(60,348

)

(61,583

)

NET ASSETS

506,106

474,963

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

506,004

474,861

SHAREHOLDERS' FUNDS

506,106

474,963

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 26 September 2019 and were signed on its behalf by:

H G F Pead - Director

Mrs S V Pead - Director

1.	STATUTORY INFORMATION

Suhu Properties Ltd 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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents the gross rent received from the investment properties.

Investment property

In accordance with FRS 102, investment properties are included at the fair value of the investment

properties with the aggregate surplus or deficit from the purchase price being transferred to the

profit or loss account as non distributable income.

No depreciation is provided in respect of investment properties as this is no longer required in

achieving a true and fair view under FRS 102.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet 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.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2018

1,280,000

Revaluations

(6,500

)

At 31 January 2019

1,273,500

NET BOOK VALUE

At 31 January 2019

1,273,500

At 31 January 2018

1,280,000

Fair value at 31 January 2019 is represented by:

£

Valuation in 2010

11,922

Valuation in 2011

10,000

Valuation in 2012

4,900

Valuation in 2013

10,000

Valuation in 2014

31,166

Valuation in 2015

17,343

Valuation in 2017

159,619

Valuation in 2018

225,000

Valuation in 2019

(6,500

)

Cost

810,050

1,273,500

If the investment properties had not been revalued they would have been included at the following

historical cost:

31.1.19

31.1.18

£

£

Cost

810,050

810,050

Aggregate depreciation

(104,215

)

(88,014

)

The investment properties were valued on an open market basis on 31 January 2019 by Mr HGF Pead

.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Other debtors

1,179

1,151

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Taxation and social security

8,569

8,330

Other creditors

1,062

941

9,631

9,271

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.19

31.1.18

£

£

Other creditors

707,272

741,599

7.	ULTIMATE CONTROLLING PARTY

The company was under the control of the directors throughout the current and previous year.