Sussex Investments UK Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10551304 (England and Wales)

Financial Statements for the Period 6 January 2017 to 31 January 2018

for

Sussex Investments UK Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Mady

J H H Mady

REGISTERED OFFICE:

36 Western Road

Hove

East Sussex

BN3 1AF

REGISTERED NUMBER:

10551304 (England and Wales)

ACCOUNTANTS:

Atkinsons

Chartered Accountants

Palmeira Avenue Mansions

19 Church Road

Hove

East Sussex

BN3 2FA

FIXED ASSETS

Tangible assets

3

628

Investment property

4

2,190,301

2,190,929

CURRENT ASSETS

Debtors

5

1,341

Cash at bank

187,946

189,287

CREDITORS

Amounts falling due within one year

6

1,113,197

NET CURRENT LIABILITIES

(923,910

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,267,019

CREDITORS

Amounts falling due after more than one year

7

(1,235,959

)

PROVISIONS FOR LIABILITIES

(119

)

NET ASSETS

30,941

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

30,841

30,941

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2018 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.

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 5 October 2018 and were signed on its behalf by:

S Mady - Director

1.	STATUTORY INFORMATION

Sussex Investments UK Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% 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.

Taxation

Taxation for the period 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 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 period 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.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

837

At 31 January 2018

837

DEPRECIATION

Charge for period

209

At 31 January 2018

209

NET BOOK VALUE

At 31 January 2018

628

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

2,190,301

At 31 January 2018

2,190,301

NET BOOK VALUE

At 31 January 2018

2,190,301

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

1,122

Other debtors

219

1,341

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

83,756

Taxation and social security

10,557

Other creditors

1,018,884

1,113,197

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

1,235,959

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,235,959

8.	RELATED PARTY DISCLOSURES

Included in other creditors is £502,140 which is owed to Mr J H Mady, a director and a shareholder of the

company and £504,937 which is owed to Ms S Mady a director and a shareholder of the company. This loan is

provided on an interest free basis and is repayable on demand.

No other transactions with related parties were undertaken such as are required to be disclosed under Section

1A Small Entities of Financial Reporting Standard 102.