REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
Audited Financial Statements |
|
for the Year Ended 31 December 2019 |
|
for |
|
SUTTLE LIMITED |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
Audited Financial Statements |
|
for the Year Ended 31 December 2019 |
|
for |
|
SUTTLE LIMITED |
SUTTLE LIMITED (REGISTERED NUMBER: 02943116) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 31 December 2019 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 3 |
|
SUTTLE LIMITED |
|
Company Information |
for the Year Ended 31 December 2019 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
AUDITORS: |
|
Chartered Certified Accountants |
Statutory Auditors |
1 Brook Court |
Blakeney Road |
Beckenham |
Kent BR3 1HG |
SUTTLE LIMITED (REGISTERED NUMBER: 02943116) |
|
Balance Sheet |
31 December 2019 |
|
31.12.19 | 31.12.18 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
|
|
|
CREDITORS |
Amounts falling due within one year | 5 |
|
|
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
) |
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings | ( |
) |
|
SHAREHOLDERS' FUNDS | ( |
) |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
|
The financial statements were approved by the Board of Directors and authorised for issue on
on its behalf by: |
|
|
|
|
|
|
|
SUTTLE LIMITED (REGISTERED NUMBER: 02943116) |
|
Notes to the Financial Statements |
for the Year Ended 31 December 2019 |
|
1. | STATUTORY INFORMATION |
|
Suttle Limited is a
|
and registered office address can be found on the Company Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
The turnover shown in the profit and loss account represents the value of work carried out in the period excluding value |
added tax. |
|
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 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. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was NIL (2018 - NIL). |
|
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.19 | 31.12.18 |
£ | £ |
Amounts owed by group undertakings |
|
|
Tax |
|
|
|
|
|
All debtors are payable within one year and have therefore not been discounted. |
|
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.19 | 31.12.18 |
£ | £ |
Amounts owed to group undertakings |
|
|
SUTTLE LIMITED (REGISTERED NUMBER: 02943116) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2019 |
|
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued |
|
All creditors are payable within one year and have therefore not been discounted. |
|
6. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
|
The Report of the Auditors was unqualified. |
|
|
for and on behalf of
|
|
7. | OTHER FINANCIAL COMMITMENTS |
|
The company has entered to a debenture with the bank in respect of all of the group's liabilities. There was also a guarantee |
in respect of Acorn Investment Properties Limited (a non- group company) for £999,999 and another third party guarantee |
for £1,300,000. |
|
8. | RELATED PARTY DISCLOSURES |
|
The company is a subsidiary of Acorn Limited. To benefit from being part of a group, costs and revenues are centrally |
processed. These amounts are then allocated to a specific branch or division on a direct basis along with an allocation of |
indirect and Head Office costs. The company received £165,988 (£238,768 - 2018) in respect of property related income |
from Acorn Limited. Acorn Limited paid £257,946 (£246,299 - 2018) of the administration costs on behalf of the company |
which were then reimbursed by the company. £67,267 (£33,280 - 2018) was owed to (by - 2018) the holding company at |
the year end. |
|
9. | FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES |
|
In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax |
authorities and assist with the preparation of the financial statements. |
|
10. | ULTIMATE CONTROLLING PARTY |
|
There is no ultimate controlling party. |