HH Sutton Ltd - Accounts to registrar (filleted) - small 18.1

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REGISTERED NUMBER: 08556944 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2017

FOR

HH SUTTON LTD

Page

Company Information

Abridged Statement of Financial Position

Notes to the Financial Statements

DIRECTORS:

C E Josefovitz

M Rothbart

REGISTERED OFFICE:

115 Craven Park Road

South Tottenham

London

N15 6BL

REGISTERED NUMBER:

08556944 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

4,060

193

Investment property

2,800,000

2,500,000

2,804,060

2,500,193

CURRENT ASSETS

Debtors

4,181

Cash at bank

6,228

464

10,409

464

CREDITORS

Amounts falling due within one year

130,281

135,790

NET CURRENT LIABILITIES

(119,872

)

(135,326

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,684,188

2,364,867

CREDITORS

Amounts falling due after more than one
year

1,164,411

1,198,721

NET ASSETS

1,519,777

1,166,146

CAPITAL AND RESERVES

Called up share capital

100

Fair value reserve

1,334,590

1,034,590

Retained earnings

185,087

131,456

SHAREHOLDERS' FUNDS

1,519,777

1,166,146

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 July 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 April 2018 and were signed on its behalf by:

C E Josefovitz - Director

1.	STATUTORY INFORMATION

HH Sutton Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 31 July 2017 are the first that are prepared in accordance with FRS

102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of

transition to FRS 102 Section 1A is 1 August 2015.

On transition to FRS 102 from the previous UK GAAP, fair value gain on investment property of £1,034,590

which was previously recognised in equity has been recognised in Income Statement.

Turnover

Turnover represents net rent and service charges receivable, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

5.	TANGIBLE FIXED ASSETS

Totals

COST

At 1 August 2016

227

Additions

4,583

At 31 July 2017

4,810

DEPRECIATION

At 1 August 2016

Charge for year

716

At 31 July 2017

750

NET BOOK VALUE

At 31 July 2017

4,060

At 31 July 2016

193

6.	INVESTMENT PROPERTY

Total

FAIR VALUE

At 1 August 2016

2,500,000

Revaluations

300,000

At 31 July 2017

2,800,000

NET BOOK VALUE

At 31 July 2017

2,800,000

At 31 July 2016

2,500,000

Fair value at 31 July 2017 is represented by:

Valuation in 2016

1,034,590

Valuation in 2017

300,000

Cost

1,465,410

2,800,000

Investment property was valued on an open market basis on 31 July 2017 by the directors .

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS

31.7.17

31.7.16

Repayable by instalments

Bank loans more 5 yr by instal

1,164,411

1,198,721

LOANS

An analysis of the maturity of loans is given below:

31.7.17

31.7.16

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,164,411

1,198,721

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.17

31.7.16

Bank loans

1,164,411

1,198,721

Bank loan is secured by a first charge over company's investment properties and bear interest at variable rates.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.17

31.7.16

value:

100

Ordinary

£1

100

11.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

At 1 August 2016

131,456

1,034,590

1,166,046

Profit for the year

353,631

Fair value adjustment

(300,000

)

300,000

At 31 July 2017

185,087

1,334,590

1,519,677

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C E Josefovitz.