Sussex Holdings Limited - Accounts to registrar - small 17.2

Sussex Holdings Limited - Accounts to registrar - small 17.2

SUSSEX HOLDINGS LIMITED - Company Information

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REGISTERED NUMBER: 05173610 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

SUSSEX HOLDINGS LIMITED

SUSSEX HOLDINGS LIMITED (REGISTERED NUMBER: 05173610)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SUSSEX HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTORS: A Ryan
G E C Andrews





SECRETARY: G E C Andrews





REGISTERED OFFICE: 13 Tredegar Square
London
E3 5AD





REGISTERED NUMBER: 05173610 (England and Wales)





Page 1
SUSSEX HOLDINGS LIMITED (REGISTERED NUMBER: 05173610)

BALANCE SHEET
31 DECEMBER 2016

31.12.16 31.12.15
Notes £    £    £    £   
FIXED ASSETS
Investments 3 127,605 127,605

CURRENT ASSETS
Debtors 4 - 148,968

CREDITORS
Amounts falling due within one year 5 1,849 467
NET CURRENT (LIABILITIES)/ASSETS (1,849 ) 148,501
TOTAL ASSETS LESS CURRENT
LIABILITIES
125,756
276,106

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Share premium 18,000 18,000
Retained earnings 105,756 256,106
SHAREHOLDERS' FUNDS 125,756 276,106

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 7 August 2017 and were signed on its behalf by:




A Ryan - Director



G E C Andrews - Director


The notes form part of these financial statements

Page 2
SUSSEX HOLDINGS LIMITED (REGISTERED NUMBER: 05173610)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016


1. STATUTORY INFORMATION

Sussex Holdings 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 January 2016
and 31 December 2016 2 127,603 127,605
NET BOOK VALUE
At 31 December 2016 2 127,603 127,605
At 31 December 2015 2 127,603 127,605

Unlisted investment

The investment of represents 920,672 (2015 -920,672) ordinary shares in Zopa Holdings Inc.

Page 3 continued...
SUSSEX HOLDINGS LIMITED (REGISTERED NUMBER: 05173610)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016


4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Amounts owed by group undertakings - 148,968

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.16 31.12.15
£    £   
Amounts owed to group undertakings 1,402 -
Other creditors 447 467
1,849 467

6. RELATED PARTY DISCLOSURES

During the year, total dividends of £350,000 were paid to the directors .

Page 4