ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

SUTTON DEVELOPMENTS ORE LIMITED - Company Information

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Caseware UK (AP4) 2021.0.152 2021.0.152 2021-09-302021-09-302false22020-10-01truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09797129 2020-10-01 2021-09-30 09797129 2019-10-01 2020-09-30 09797129 2021-09-30 09797129 2020-09-30 09797129 c:Director1 2020-10-01 2021-09-30 09797129 d:CurrentFinancialInstruments 2021-09-30 09797129 d:CurrentFinancialInstruments 2020-09-30 09797129 d:CurrentFinancialInstruments d:WithinOneYear 2021-09-30 09797129 d:CurrentFinancialInstruments d:WithinOneYear 2020-09-30 09797129 d:ShareCapital 2021-09-30 09797129 d:ShareCapital 2020-09-30 09797129 d:RetainedEarningsAccumulatedLosses 2021-09-30 09797129 d:RetainedEarningsAccumulatedLosses 2020-09-30 09797129 c:FRS102 2020-10-01 2021-09-30 09797129 c:AuditExempt-NoAccountantsReport 2020-10-01 2021-09-30 09797129 c:FullAccounts 2020-10-01 2021-09-30 09797129 c:PrivateLimitedCompanyLtd 2020-10-01 2021-09-30 09797129 d:Subsidiary1 2020-10-01 2021-09-30 09797129 d:Subsidiary1 1 2020-10-01 2021-09-30 09797129 2 2020-10-01 2021-09-30 09797129 6 2020-10-01 2021-09-30 iso4217:GBP xbrli:pure
Registered number: 09797129


SUTTON DEVELOPMENTS ORE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021
 
SUTTON DEVELOPMENTS ORE LIMITED
 

CONTENTS



Page
Balance sheet
 
1
Notes to the financial statements
 
2 - 4

 
SUTTON DEVELOPMENTS ORE LIMITED
REGISTERED NUMBER:09797129

BALANCE SHEET
AS AT 30 SEPTEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Investments
 4 
1
1

Current assets
  

Debtors
 5 
269,778
341,114

Cash at bank and in hand
  
-
3,086

  
269,778
344,200

Creditors: amounts falling due within one year
 6 
(181,224)
(251,625)

Net current assets
  
 
 
88,554
 
 
92,575

  

Net assets
  
88,555
92,576


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
88,455
92,476

  
88,555
92,576


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 June 2022.



M Lambourne
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1
 
SUTTON DEVELOPMENTS ORE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

1.


General information

Sutton Developments ORE Limited (the Company) is a private company limited by shares, incorporated in England. The address of its registered office is 3 City Place, London Gatwick Airport, West Sussex, RH6 0PA, which is also the address of its principal place of business.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Revenue

Revenue recognised by the company is in respect of properties sold during the period, exclusive of Value Added Tax. Properties are recognised as sales at the date of completion.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors..

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 2
 
SUTTON DEVELOPMENTS ORE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

2.Accounting policies (continued)

 
2.9

Taxation

Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2020 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 October 2020
1



At 30 September 2021
1





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Principal activity

Class of shares

Holding

Oydssey Real Estate Limited
Property investment
Ordinary
100%


5.


Debtors

2021
2020
£
£


Other debtors
269,778
341,114


Page 3
 
SUTTON DEVELOPMENTS ORE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
(805)
2,310

Other creditors
178,529
240,561

Accruals and deferred income
3,500
8,754

181,224
251,625




 
Page 4