Company Registration No. 11610035 (England and Wales)
Thirty Suns Limited
Unaudited accounts
for the year ended 31 December 2022
Thirty Suns Limited
Unaudited accounts
Contents
Thirty Suns Limited
Company Information
for the year ended 31 December 2022
Directors
Alice-Emma Starr
Benjamin Starr
Company Number
11610035 (England and Wales)
Registered Office
40 Clarendon Road
Watford
Hertfordshire
WD17 1TQ
Thirty Suns Limited
Statement of financial position
as at 31 December 2022
Investment property
2,272,452
1,163,763
Investments
932,854
637,603
Cash at bank and in hand
24,938
870,840
Creditors: amounts falling due within one year
(2,699,794)
(2,543,078)
Net current liabilities
(1,740,221)
(1,033,466)
Total assets less current liabilities
596,511
130,297
Creditors: amounts falling due after more than one year
(365,000)
-
Provisions for liabilities
Deferred tax
(2,969)
(2,969)
Net assets
228,542
127,328
Called up share capital
2
2
Profit and loss account
228,540
127,326
Shareholders' funds
228,542
127,328
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by
Benjamin Starr
Director
Company Registration No. 11610035
Thirty Suns Limited
Notes to the Accounts
for the year ended 31 December 2022
Thirty Suns Limited is a private company, limited by shares, registered in England and Wales, registration number 11610035. The registered office is 40 Clarendon Road, Watford, Hertfordshire, WD17 1TQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain assets.
At the balance sheet date, the company's current liabilities exceeded its current assets. The directors, who are the principal creditors, have agreed to continue to support the business and the directors are therefore satisfied that the accounts have been properly prepared on a going concern basis.
The accounts are presented in £ sterling.
Turnover, interest receivable and rental income
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts.
Interest receivable and rental income are recognised when receivable.
Investment property is carried at fair value determined annually by the directors and derived from the current market prices for comparable real estate. Changes in fair value are recognised in profit or loss.
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans to and from third parties.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
Thirty Suns Limited
Notes to the Accounts
for the year ended 31 December 2022
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Short term debtors are measured at transaction price less any impairment.
Short term creditors are measured at the transaction price.
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
5
Transactions with related parties
As at 31 December 2022 the company owed the directors a loan of £2,664,152 (31 December 2021 - £2,507,048). The loan is repayable on demand and is interest free.
6
Average number of employees
During the year the average number of employees was 0 (2021: 0).