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SUISSE PROPERTY HOLDINGS LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED |
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30TH SEPTEMBER 2019 |
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SUISSE PROPERTY HOLDINGS LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED |
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30TH SEPTEMBER 2019 |
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SUISSE PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 05535493) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2019 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Accountants' Report | 5 |
SUISSE PROPERTY HOLDINGS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30TH SEPTEMBER 2019 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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First Floor, Woburn Court |
2 Railton Road |
Woburn Rd Ind Est |
Kempston |
Bedfordshire |
MK42 7PN |
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SOLICITORS: |
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Oxford House |
Cliftonville |
Northampton |
Northamptonshire |
NN1 5PN |
SUISSE PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 05535493) |
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BALANCE SHEET |
30TH SEPTEMBER 2019 |
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30/9/19 | 30/9/18 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
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Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
were signed on its behalf by: |
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SUISSE PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 05535493) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2019 |
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1. | STATUTORY INFORMATION |
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Suisse Property Holdings Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements are presented in sterling which is the functional currency of the company and rounded to the |
nearest £1. |
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The significant accounting policies applied in the preparation of these financial statements are set out below. These |
policies have been consistently applied to all years presented unless otherwise stated. |
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Turnover |
Turnover represents rents and recharges receivable from tenants of investment properties, stated net of value added |
tax. Turnover also includes sale proceeds of stocks. |
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Investment property |
Property held for investment purposes is not depreciated as required by Schedule 4 to the Companies Act 2006. In |
accordance with Section 16 of FRS 102 1A, investment property is revalued to its fair value at the balance sheet |
date, with any surplus or deficit on revaluation being measured through the profit and loss account. This treatment |
constitutes an override of the Companies Act requirement to depreciate fixed assets and is necessary to give a true |
and fair view. |
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Stocks |
Within stock is the value of work in progress completed to date on sites being developed for resale. |
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This is valued at the lower of directly attributable costs or fair value. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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SUISSE PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 05535493) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH SEPTEMBER 2019 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/9/19 | 30/9/18 |
£ | £ |
Trade debtors |
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Doubtful debt provision | - | (16,119 | ) |
Other debtors |
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VAT |
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Prepayments & accrued income |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/9/19 | 30/9/18 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Corporation tax |
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Directors' current accounts | - | 56,266 |
Accruals and deferred income |
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6. | ULTIMATE CONTROLLING PARTY |
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The directors consider that there was no ultimate controlling party during the financial period. |
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
SUISSE PROPERTY HOLDINGS LIMITED |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a |
Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary |
statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
statements of Suisse Property Holdings Limited for the year ended 30th September 2019 which comprise the Statement of |
Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting |
records and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the Board of Directors of Suisse Property Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Suisse Property Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Suisse Property Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Suisse Property Holdings Limited and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Suisse Property Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Suisse Property Holdings Limited. You consider that Suisse Property Holdings Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Suisse Property Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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First Floor, Woburn Court |
2 Railton Road |
Woburn Rd Ind Est |
Kempston |
Bedfordshire |
MK42 7PN |
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