A. Suthrell And Partners Limited - Period Ending 2023-03-31

A. Suthrell And Partners Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

A. Suthrell And Partners Limited

(Registration number: 00765780)
Balance Sheet as at 31 March 2023

	Note	2023 £	2022 £
Fixed assets
Investments	4	153,161	153,161
Other financial assets	5	116,496	127,765
		269,657	280,926
Current assets
Debtors	6	172,296	165,331
Cash at bank and in hand		23,109	26,543
		195,405	191,874
Creditors: Amounts falling due within one year	7	(340,526)	(327,050)
Net current liabilities		(145,121)	(135,176)
Total assets less current liabilities		124,536	145,750
Provisions for liabilities		(11,502)	(13,822)
Net assets		113,034	131,928
Capital and reserves
Called up share capital		25,000	25,000
Fair value reserve		55,716	66,237
Profit and loss account		32,318	40,691
Total equity		113,034	131,928

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 July 2023 and signed on its behalf by:
 

A. Suthrell And Partners Limited

(Registration number: 00765780)
Balance Sheet as at 31 March 2023

......................................... C A Suthrell Director

......................................... J Suthrell Company secretary and director

A. Suthrell And Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1	General information

The company is a private company limited by share capital incorporated in England and the company registration number is 00765780.

The address of its registered office is:
26 South Saint Mary's Gate
Grimsby
North East Lincolnshire
DN31 1LW

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts..

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents dividends receivable.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

A. Suthrell And Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 4 (2022 - 4).

4	Investments

	2023 £	2022 £
Investments in subsidiaries	153,161	153,161

Subsidiaries	£
Cost or valuation
At 1 April 2022	153,161
Provision
Carrying amount
At 31 March 2023	153,161
At 31 March 2022	153,161

A. Suthrell And Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

5	Listed Investments

	Listed investments at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 1 April 2022	127,765	127,765
Fair value adjustments	(11,130)	(11,130)
Additions	10,405	10,405
Disposals	(10,544)	(10,544)
At 31 March 2023	116,496	116,496
Impairment
Carrying amount
At 31 March 2023	116,496	116,496
At 31 March 2022	127,765	127,765

6

Debtors

Current	Note	2023 £	2022 £
Amounts owed by related parties		166,230	159,265
Other debtors		6,066	6,066

7

Creditors

Creditors: amounts falling due within one year

	Note	2023 £	2022 £
Due within one year
Other creditors		337,926	324,800
Accruals and deferred income		2,600	2,250
		340,526	327,050

A. Suthrell And Partners Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

8	Share capital

Allotted, called up and fully paid shares

	2023		2022
	No.	£	No.	£
Ordinary shares of £1 each	25,000	25,000	25,000	25,000