Sutton Aparthotel Ltd - Accounts to registrar (filleted) - small 18.2

Sutton Aparthotel Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 09485941 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

SUTTON APARTHOTEL LTD

SUTTON APARTHOTEL LTD (REGISTERED NUMBER: 09485941)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


SUTTON APARTHOTEL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2019







DIRECTOR: P Patel





REGISTERED OFFICE: 79 Park Lane
Croydon
Surrey
CR0 1DJ





REGISTERED NUMBER: 09485941 (England and Wales)





ACCOUNTANTS: Kings Mill Partnership
75 Park Lane
Croydon
Surrey
CR9 1XS

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SUTTON APARTHOTEL LTD


The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary
statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Sutton Aparthotel Ltd for the year ended 30 September 2019 which comprise the Income
Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's
accounting records and from information and explanations you have given us.

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.

This report is made solely to the director of Sutton Aparthotel Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sutton Aparthotel Ltd and state those matters that we have agreed to state to the director of Sutton Aparthotel Ltd 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 Sutton Aparthotel Ltd and its director for our work or for this report.

It is your duty to ensure that Sutton Aparthotel Ltd 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 profit of Sutton Aparthotel Ltd. You consider that Sutton Aparthotel Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sutton Aparthotel Ltd. 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.






Kings Mill Partnership
75 Park Lane
Croydon
Surrey
CR9 1XS


22 June 2020

SUTTON APARTHOTEL LTD (REGISTERED NUMBER: 09485941)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 81,875 96,875
Tangible assets 5 1,309,966 1,319,041
1,391,841 1,415,916

CURRENT ASSETS
Debtors 6 20,860 23,118
Cash at bank and in hand 7,161 4,735
28,021 27,853
CREDITORS
Amounts falling due within one year 7 149,620 173,043
NET CURRENT LIABILITIES (121,599 ) (145,190 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,270,242

1,270,726

CREDITORS
Amounts falling due after more than one
year

8

1,116,878

1,191,190
NET ASSETS 153,364 79,536

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 153,264 79,436
SHAREHOLDERS' FUNDS 153,364 79,536

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SUTTON APARTHOTEL LTD (REGISTERED NUMBER: 09485941)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2019


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 director and authorised for issue on 22 June 2020 and were signed by:





P Patel - Director


SUTTON APARTHOTEL LTD (REGISTERED NUMBER: 09485941)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019


1. STATUTORY INFORMATION

Sutton Aparthotel Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party
transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents the amounts receivable for accommodation for serviced apartments and related services net
of VAT.

Goodwill
Goodwill has been capitalised under the heading of Intangible Fixed Assets. The director has undertaken an
impairment review of the goodwill, taking account of future cash flows and current operating results. Goodwill is
amortised through the Profit and Loss Account over a period not exceeding 10 years, estimated by the Directors
to be the useful economic life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

SUTTON APARTHOTEL LTD (REGISTERED NUMBER: 09485941)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2019


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets held for the company’s own use are stated at cost less accumulated depreciation and
accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual
value, over their expected useful lives at the following rates .

Land and buildings - not depreciated
Plant and Machinery etc- 25% per annum on a straight line method

Assets held under finance leases are depreciated in the same way as owned assets.

At each statement of financial position date, the company reviews the carrying amount of its tangible fixed assets
to determine whether there is any indication that any items have suffered an impairment loss. If any such
indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the
impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company
estimates the recoverable amount of the cash-generating unit to which the asset belongs.

It is company policy to maintain the freehold property in a continuous state of good repair. The directors
consider that the life of the freehold property is long and the estimated residual values at the end of the useful
economic life is such that any depreciation is immaterial. The carrying value is reviewed for impairment
annually.

Based on the above, no charge has been made in the accounts for depreciation of the freehold 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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).

SUTTON APARTHOTEL LTD (REGISTERED NUMBER: 09485941)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2019


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2018
and 30 September 2019 150,000
AMORTISATION
At 1 October 2018 53,125
Charge for year 15,000
At 30 September 2019 68,125
NET BOOK VALUE
At 30 September 2019 81,875
At 30 September 2018 96,875

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2018
and 30 September 2019 1,309,965 56,693 1,366,658
DEPRECIATION
At 1 October 2018 - 47,617 47,617
Charge for year - 9,075 9,075
At 30 September 2019 - 56,692 56,692
NET BOOK VALUE
At 30 September 2019 1,309,965 1 1,309,966
At 30 September 2018 1,309,965 9,076 1,319,041

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 4,802 11,202
Other debtors 16,058 11,916
20,860 23,118

SUTTON APARTHOTEL LTD (REGISTERED NUMBER: 09485941)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2019


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 84,415 84,415
Trade creditors 30,877 54,800
Taxation and social security 29,301 25,876
Other creditors 5,027 7,952
149,620 173,043

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2019 2018
£    £   
Bank loans 736,978 811,290
Other creditors 379,900 379,900
1,116,878 1,191,190

Shareholder loans are repayable after five years and there is no interest payable.