THE SUNBLENDS GROUP LIMITED

Company Registration Number:
13196222 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

THE SUNBLENDS GROUP LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2023

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

THE SUNBLENDS GROUP LIMITED

Company Information

for the Period Ended 28 February 2023




Director: Joseph Ndedde
Registered office: 124
City Road
City Of London
London
England
EC1V 2NX
Company Registration Number: 13196222 (England and Wales)

THE SUNBLENDS GROUP LIMITED

Directors' Report Period Ended 28 February 2023

The directors present their report with the financial statements of the company for the period ended 28 February 2023

Principal Activities

Management Consultancy Financial Accounting and Reporting Tax Advisory Activities synonymous with Education

Political and charitable donations

Nil

Company policy on the employment of disabled persons

We appreciate the importance of inclusion pertaining to persons with disabilities. Whilst we welcome the diversity and contributions which such persons could make, we are careful to provide opportunities (when such arise), and particularly were we can facilitate adequate accessibility and support within any location which our client(s) would require us to provide service. We do also enable hybrid-styled working, for disabled persons, such that working within their comfort environment, enables value addition, without the burden of travel outside their immediate environment. We are poised to continually enhance the working experience of persons with disability status who can, in the course of working with us, improve their skills and experience, and shall continually incorporate this, in our policy statement and corporate responsibility action.

Additional information

Nil

Directors

The directors shown below have held office during the whole of the period from 01 March 2022 to 28 February 2023
Joseph Ndedde

This report was approved by the board of directors on 15 September 2023
And Signed On Behalf Of The Board By:

Name: Joseph Ndedde
Status: Director

THE SUNBLENDS GROUP LIMITED

Balance sheet

As at 28 February 2023


Notes

2023
£
13 months to
28 Feb 2022
£
Fixed assets
Intangible assets: 4 635
Tangible assets: 5 300 255
Total fixed assets: 935 255
Current assets
Debtors: 400
Cash at bank and in hand: 200 245
Total current assets: 600 245
Creditors: amounts falling due within one year: ( 495 )
Net current assets (liabilities): 105 245
Total assets less current liabilities: 1,040 500
Accruals and deferred income: ( 435 )
Total net assets (liabilities): 605 500

The notes form part of these financial statements

THE SUNBLENDS GROUP LIMITED

Balance sheet continued

As at 28 February 2023


Notes

2023
£
13 months to
28 Feb 2022
£
Capital and reserves
Called up share capital: 500 500
Revaluation reserve: 6 105
Profit and loss account: 0
Shareholders funds: 605 500

For the year ending 28 February 2023 the company was entitled to exemption 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 this accounting period 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.

This report was approved by the board of directors on 15 September 2023
And Signed On Behalf Of The Board By:

Name: Joseph Ndedde
Status: Director

The notes form part of these financial statements

THE SUNBLENDS GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    This represents fees and charges to clients, for assignments completed, and wherein there is minimal likelihood of rework or arising liability claims for such completed assignments.

THE SUNBLENDS GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees


    2023
    13 months to
    28 Feb 2022
    Average number of employees during the period 1 1

THE SUNBLENDS GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 3. Off balance sheet disclosure

    No

THE SUNBLENDS GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 4. Intangible assets

    Total
    Cost £
    At 01 March 2022 -
    Additions 635
    Disposals -
    Revaluations -
    Transfers -
    At 28 February 2023 635
    Amortisation
    Amortisation at 01 March 2022 0
    Charge for year -
    On disposals -
    Other adjustments -
    Amortisation at 28 February 2023 0
    Net book value
    Net book value at 28 February 2023 635
    Net book value at 28 February 2022 0

    The intangible assets represents the costs of developing the company webpages, which will be the point of driving the sales strategy and direction, and includes hosting costs, email costs.

THE SUNBLENDS GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

5. Tangible Assets

Total
Cost £
At 01 March 2022 255
Additions -
Disposals -
Revaluations -
Transfers 105
At 28 February 2023 360
Depreciation
At 01 March 2022 -
Charge for year 60
On disposals -
Other adjustments -
At 28 February 2023 60
Net book value
At 28 February 2023 300
At 28 February 2022 255

Tangible assets are recognised on using the historical costs basis, and subsequently depreciated, in line with the rate of use. In the last financial year, the company was dormant, hence no depreciation in value of the asset.

Accounting policy permits the revaluation basis of an asset, in line with market values, for such assets. Revaluations within asset classes are carried out periodically. In the financial year ending February 2023, the revaluation of Office equipment was undertaken, in view of absence of utility in the preceding period.

Management have assessed this revaluation, and deemed it to adhere to a fair value basis for the assets in use.

THE SUNBLENDS GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

6. Revaluation reserve


2023
£
Surplus or deficit after revaluation 105
Balance at 28 February 2023 105

This revaluation arises in view of non-utility of asset, in previous accounting period (dormant status), and the upgrade to the asset, in line with market values.