Suhu Properties Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 05006759 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 January 2016

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

Investment property

2

891,031

678,186

CURRENT ASSETS

Debtors

-

904

Cash at bank

8,048

6,869

8,048

7,773

CREDITORS

Amounts falling due within one year

3

7,699

6,288

NET CURRENT ASSETS

349

1,485

TOTAL ASSETS LESS CURRENT
LIABILITIES

891,380

679,671

CREDITORS

Amounts falling due after more than
one year

3

795,834

588,496

NET ASSETS

95,546

91,175

CAPITAL AND RESERVES

Called up share capital

4

102

Revaluation reserve

85,332

Profit and loss account

10,112

5,741

SHAREHOLDERS' FUNDS

95,546

91,175

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 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 8 December 2016 and were signed
on its behalf by:

H G F Pead - Director

1.	ACCOUNTING POLICIES

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 January 2015).

Turnover

Turnover represents the gross rent received from the investment properties.

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.

2.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 February 2015

678,186

Additions

212,845

At 31 January 2016

891,031

NET BOOK VALUE

At 31 January 2016

891,031

At 31 January 2015

678,186

3.

CREDITORS

The following secured debts are included within creditors:

31.1.16

31.1.15

£

Bank loans

18,606

24,658

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.16

31.1.15

value:

£

2

Ordinary A

£1

2

100

Ordinary B

£1

100

102