Sudbury Hill Close Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11155222 (England and Wales)

Unaudited Financial Statements

for the Period 17 January 2018 to 31 January 2019

for

Sudbury Hill Close Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Sodha

Mrs D Sodha

J Parekh

Mrs M Parekh

REGISTERED OFFICE:

27 Kenton Park Crescent

Harrow

Middlesex

HA3 8TZ

REGISTERED NUMBER:

11155222 (England and Wales)

ACCOUNTANTS:

Cartwrights

Chartered Accountants and Business Advisors

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

FIXED ASSETS

Investment property

4

1,336,197

CURRENT ASSETS

Cash at bank

5,838

CREDITORS

Amounts falling due within one year

5

900

NET CURRENT ASSETS

4,938

TOTAL ASSETS LESS CURRENT LIABILITIES

1,341,135

CREDITORS

Amounts falling due after more than one year

6

1,406,514

NET LIABILITIES

(65,379

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(65,479

)

(65,379

)

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

The members have not required the company to obtain an audit of its financial statements for the period 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 12 December 2019 and were signed on its behalf by:

R Sodha - Director

J Parekh - Director

1.	STATUTORY INFORMATION

Sudbury Hill Close 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

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.

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 period 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 period 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.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

1,336,197

At 31 January 2019

1,336,197

NET BOOK VALUE

At 31 January 2019

1,336,197

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

900

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

891,000

Other creditors

515,514

1,406,514

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

891,000

7.	RELATED PARTY DISCLOSURES

As at balance sheet date, the company owed the directors a total of £515,514. The directors' loan to the company

was interest free.