Suhu Properties Ltd - Limited company - abbreviated - 11.6
Suhu Properties Ltd - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31 January 2015 |
| for |
| Suhu Properties Ltd |
| Suhu Properties Ltd (Registered number: 05006759) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 January 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Suhu Properties Ltd |
| Company Information |
| for the Year Ended 31 January 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| Suhu Properties Ltd (Registered number: 05006759) |
| Abbreviated Balance Sheet |
| 31 January 2015 |
| 31.1.15 | 31.1.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 3 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
3 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| Suhu Properties Ltd (Registered number: 05006759) |
| Abbreviated Balance Sheet - continued |
| 31 January 2015 |
| The financial statements were approved by the Board of Directors on behalf by: |
| Suhu Properties Ltd (Registered number: 05006759) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 January 2015 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared on the going concern basis. The directors have loans to |
| the company totalling £568,909 at the year end and as the directors have committed to support the |
| company, these amounts will not be withdrawn during the next twelve months, following the date |
| of approval of the financial statements, unless the company is in the financial position to do so, |
| having first covered all liabilities as they fall due. |
| The directors have considered a period of at least twelve months from the date of his report and |
| taking into account the actions above and the trading results since the year end believe that the |
| company will be able to continue to meet its debts as they fall due. |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by |
| the revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller |
| Entities (effective April 2008). |
| Turnover |
| Turnover represents net invoiced sales of services, excluding value added tax. |
| Investment property |
| In accordance with SSAP 19, investment properties are revalued annually and the aggregate surplus |
| or deficit is transferred to the revaluation reserve. No depreciation is provided in respect of |
| investment property. |
| The Companies Act 2006 requires all properties to be depreciated. However, this requirement |
| conflicts with the generally accepted accounting principle set out in SSAP 19. The directors consider |
| that, because these properties are not held for consumption, but for their investment potential, to |
| depreciate them would not give a true and fair view and that it is necessary to adopt SSAP 19 in |
| order to give a true and fair view. |
| If this departure from the Act had not been made, the profit for the financial year would have been |
| reduced by depreciation. However, the amount of depreciation cannot reasonably be quantified, |
| because depreciation is only one of many factors reflected in the annual valuation and the amount |
| which might otherwise have been shown cannot be separately identified or quantified. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed |
| at the balance sheet date. |
| Suhu Properties Ltd (Registered number: 05006759) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 January 2015 |
| 2. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 February 2014 |
| Additions |
| Revaluations |
| At 31 January 2015 |
| NET BOOK VALUE |
| At 31 January 2015 |
| At 31 January 2014 |
| 3. | CREDITORS |
| The following secured debts are included within creditors: |
| 31.1.15 | 31.1.14 |
| £ | £ |
| Bank loans |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.1.15 | 31.1.14 |
| value: | £ | £ |
| Ordinary A | £1 |
| Ordinary B | £1 |
| 102 | 102 |