Surbiton Property Company Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00934535 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2019

for

Surbiton Property Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C M Bowis

J R Cracknell

P J Johnston

J B Rutter

S Towner

SECRETARY:

J B Rutter

REGISTERED OFFICE:

3 Bridle Close

Kingston Upon Thames

Surrey

KT1 2JW

REGISTERED NUMBER:

00934535 (England and Wales)

ACCOUNTANTS:

Jackson-Scott Associates Ltd.

100 Gilders Road

Chessington

Surrey

KT9 2AN

FIXED ASSETS

Tangible assets

3

187,060

187,060

Investments

4

424,456

387,011

611,516

574,071

CURRENT ASSETS

Debtors

5

287

305

Cash at bank

4,289

3,918

4,576

4,223

CREDITORS

Amounts falling due within one year

6

1,261

2,909

NET CURRENT ASSETS

3,315

1,314

TOTAL ASSETS LESS CURRENT LIABILITIES

614,831

575,385

CREDITORS

Amounts falling due after more than one year

7

31,339

31,339

NET ASSETS

583,492

544,046

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

583,392

543,946

583,492

544,046

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 applicable to companies subject to the small companies regime.

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 9 March 2020 and were signed on its behalf by:

P J Johnston - Director

1.	STATUTORY INFORMATION

Surbiton Property Company 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets

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

Land and buildings

-

in accordance with the property

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 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.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 January 2019

and 31 December 2019

187,060

NET BOOK VALUE

At 31 December 2019

187,060

At 31 December 2018

187,060

The property consists of an office at 3 Bridle Close, Surbiton held under a 999-year lease. No depreciation has

been applied as the directors consider its market value is significantly higher than cost - estimated £300K.

There is a second mortgage charge and a memo of deposit held by Lloyds Bank Ltd over 200 Ewell Road,

Surbiton, Surrey and a charge by Mrs Joyce Thornton over the same property.

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2019

387,011

Revaluations

37,445

At 31 December 2019

424,456

NET BOOK VALUE

At 31 December 2019

424,456

At 31 December 2018

387,011

Cost or valuation at 31 December 2019 is represented by:

Other

investments

£

Valuation in 2018

(28,097

)

Valuation in 2019

37,445

Cost

415,108

424,456

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Other debtors

287

305

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Taxation and social security

721

1,909

Other creditors

540

1,000

1,261

2,909

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The long-term liability was a loan from Kingston & Surbiton Conservative Association on 27.06.68 to set up the

Trust.