SUGAR_HILL_INVESTMENT_LIM - Accounts

SUGAR HILL INVESTMENT LTD - Company Information

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Company Registration No. 08712378 (England and Wales)

SUGAR HILL INVESTMENT LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

SUGAR HILL INVESTMENT LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SUGAR HILL INVESTMENT LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

254,270

Current assets

Cash at bank and in hand

3,080

102

Creditors: amounts falling due within one year

(249,651)

(251,670)

Net current liabilities

(246,571)

(251,568)

Total assets less current liabilities

7,699

2,702

Capital and reserves

Called up share capital

100

Profit and loss account

7,599

2,602

Shareholders' funds

7,699

2,702

For the financial year ended 31 December 2015 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 financial statements for the year in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 23 September 2016

MR Jones

Director

Company Registration No. 08712378

SUGAR HILL INVESTMENT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts rents receivable . rents receivable.

1.4

Investment properties

certain of the company's properties are held for long term investment. Investment properties are accounted for in accordance with the FRSSE, as follows;

No depreciation is provided in respect of investment properties and the value is reviewed annually. The surplus deficit on any revaluation is transferred to the revaluation reserve unless a deficit below the original costs, or its reversal, on an individual property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for the investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore adopted is therefore necessary for the financial statements to give a true and fair view. Deprecation or amortisation 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.

Fixed assets

Tangible assets

Cost

At 1 January 2015 & at 31 December 2015

254,270

At 31 December 2014

254,270

Share capital

2015

2014

Allotted, called up and fully paid

100 Orindary shares of £1 each

100

SUGAR HILL INVESTMENT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Ultimate parent company

The company is controlled by the directors who own 100% of the called up share capital.