Suhu Properties Ltd - Accounts to registrar - small 17.1.1
Suhu Properties Ltd - Accounts to registrar - small 17.1.1
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 January 2017 |
| for |
| Suhu Properties Ltd |
| Suhu Properties Ltd (Registered number: 05006759) |
| Contents of the Financial Statements |
| for the Year Ended 31 January 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Suhu Properties Ltd |
| Company Information |
| for the Year Ended 31 January 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| Printware Court |
| Cumberland Business Centre |
| Northumberland Road |
| Portsmouth |
| Hampshire |
| PO5 1DS |
| Suhu Properties Ltd (Registered number: 05006759) |
| Balance Sheet |
| 31 January 2017 |
| 31.1.17 | 31.1.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 3 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
5 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Suhu Properties Ltd (Registered number: 05006759) |
| Balance Sheet - continued |
| 31 January 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on behalf by: |
| Suhu Properties Ltd (Registered number: 05006759) |
| Notes to the Financial Statements |
| for the Year Ended 31 January 2017 |
| 1. | STATUTORY INFORMATION |
| Suhu Properties Ltd is a |
| company's registered number and registered office address can be found on the Company |
| Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the gross rent received from the investment properties. |
| Investment property |
| In accordance with FRS 102, investment properties are included at the fair value of the investment |
| properties with the aggregate surplus or deficit from the purchase price being transferred to the |
| profit or loss account as non distributable income. |
| No depreciation is provided in respect of investment properties as this is no longer required in |
| achieving a true and fair view under FRS 102. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income |
| Statement, except to the extent that it relates to items recognised in other comprehensive income |
| or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that that have |
| been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed |
| at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
| different from those in which they are recognised in financial statements. Deferred tax is measured |
| using tax rates and laws that have been enacted or substantively enacted by the year end and that |
| are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is |
| probable that they will be recovered against the reversal of deferred tax liabilities or other future |
| taxable profits. |
| Suhu Properties Ltd (Registered number: 05006759) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2017 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 February 2016 |
| Additions |
| Revaluations | 159,619 |
| At 31 January 2017 |
| NET BOOK VALUE |
| At 31 January 2017 |
| At 31 January 2016 |
| Cost or valuation at 31 January 2017 is represented by: |
| £ |
| Valuation in 2010 | 11,922 |
| Valuation in 2011 | 10,000 |
| Valuation in 2012 | 4,900 |
| Valuation in 2013 | 10,000 |
| Valuation in 2014 | 31,166 |
| Valuation in 2015 | 17,343 |
| Valuation in 2017 | 159,619 |
| Cost | 810,050 |
| 1,055,000 |
| If the investment properties had not been revalued they would have been included at the following |
| historical cost: |
| 31.1.17 | 31.1.16 |
| £ | £ |
| Cost | 810,050 | 805,700 |
| Aggregate depreciation | (71,813 | ) | (55,612 | ) |
| The investment properties were valued on an open market basis on 31 January 2017 by Mr HGF Pead |
| . |
| Suhu Properties Ltd (Registered number: 05006759) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2017 |
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.1.17 | 31.1.16 |
| £ | £ |
| Bank loans and overdrafts |
| Taxation and social security |
| Other creditors |
| 5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.1.17 | 31.1.16 |
| £ | £ |
| Bank loans |
| Other creditors |
| 6. | ULTIMATE CONTROLLING PARTY |
| The company was under the control of the directors throughout the current and previous year. |