HH Sutton Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08556944 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2019

FOR

HH SUTTON LTD

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

C E Josefovitz

M Rothbart

REGISTERED OFFICE:

115 Craven Park Road

South Tottenham

London

N15 6BL

REGISTERED NUMBER:

08556944 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

5

5,254

6,182

Investment property

6

3,096,664

3,089,818

3,101,918

3,096,000

CURRENT ASSETS

Debtors

240,527

192,527

Cash at bank

19,306

47,370

259,833

239,897

CREDITORS

Amounts falling due within one year

46,201

42,595

NET CURRENT ASSETS

213,632

197,302

TOTAL ASSETS LESS CURRENT LIABILITIES

3,315,550

3,293,302

CREDITORS

Amounts falling due after more than one year

7

1,684,822

1,729,137

NET ASSETS

1,630,728

1,564,165

CAPITAL AND RESERVES

Called up share capital

10

100

100

Fair value reserve

11

1,334,590

1,334,590

Retained earnings

11

296,038

229,475

SHAREHOLDERS' FUNDS

1,630,728

1,564,165

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 July 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorized for issue by the Board of Directors and authorised for issue on 20 May 2020 and were signed on its behalf by:

C E Josefovitz - Director

1.	STATUTORY INFORMATION

HH Sutton 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net rent and service charges receivable, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

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 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 statement of financial position date.

Deferred tax

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

statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2018

and 31 July 2019

8,023

DEPRECIATION

At 1 August 2018

1,841

Charge for year

928

At 31 July 2019

2,769

NET BOOK VALUE

At 31 July 2019

5,254

At 31 July 2018

6,182

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2018

3,089,818

Additions

6,846

At 31 July 2019

3,096,664

NET BOOK VALUE

At 31 July 2019

3,096,664

At 31 July 2018

3,089,818

Fair value at 31 July 2019 is represented by:

£

Valuation in 2016

1,034,590

Valuation in 2017

300,000

Cost

1,762,074

3,096,664

Investment property was valued on an open market basis on 31 July 2019 by the directors .

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.7.19

31.7.18

£

£

Repayable by instalments

Bank loans more 5 yr by instal

1,684,822

1,729,137

8.

LOANS

An analysis of the maturity of loans is given below:

31.7.19

31.7.18

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,684,822

1,729,137

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.19

31.7.18

£

£

Bank loans

1,684,822

1,729,137

Bank loan is secured by a first charge over company's investment properties and bear interest at variable rates.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.19

31.7.18

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 August 2018

229,475

1,334,590

1,564,065

Profit for the year

66,563

66,563

At 31 July 2019

296,038

1,334,590

1,630,628

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C E Josefovitz.