Suhu Properties Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05006759 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 January 2014

for

Suhu Properties Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

H G F Pead

Mrs S V Pead

SECRETARY:

H G F Pead

REGISTERED OFFICE:

Bramleys

3 Silvertrees

Emsworth

Hampshire

PO10 7ST

REGISTERED NUMBER:

05006759 (England and Wales)

ACCOUNTANTS:

Ency Associates

Chartered Certified Accountants

Printware Court

Cumberland Business Centre

Northumberland Road

Portsmouth

Hampshire

PO5 1DS

FIXED ASSETS

Tangible assets

2

-

-

Investment property

3

512,657

309,900

512,657

309,900

CURRENT ASSETS

Cash at bank

4,322

2,300

CREDITORS

Amounts falling due within one year

4

419,927

239,097

NET CURRENT LIABILITIES

(415,605

)

(236,797

)

TOTAL ASSETS LESS CURRENT LIABILITIES

97,052

73,103

CREDITORS

Amounts falling due after more than one year

4

24,589

29,996

NET ASSETS

72,463

43,107

CAPITAL AND RESERVES

Called up share capital

5

102

102

Revaluation reserve

67,989

36,822

Profit and loss account

4,372

6,183

SHAREHOLDERS' FUNDS

72,463

43,107

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 15 October 2014 and were signed on its behalf by:

H G F Pead - Director

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 £413,363 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

15,072

Reclassification/transfer

(15,072

)

At 31 January 2014

-

NET BOOK VALUE

At 31 January 2014

-

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 February 2013

309,900

Additions

251,417

Disposals

(94,898

)

Revaluations

31,166

Reclassification/transfer

15,072

At 31 January 2014

512,657

NET BOOK VALUE

At 31 January 2014

512,657

At 31 January 2013

309,900

4.

CREDITORS

The following secured debts are included within creditors:

31.1.14

31.1.13

£

£

Bank loans

29,728

34,867

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.14

31.1.13

value:

£

£

2

Ordinary A

£1

2

2

100

Ordinary B

£1

100

100

102

102