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REGISTERED NUMBER: 03183643 (England and Wales)














Sunrise SH302 Limited

Unaudited Financial Statements

For The Year Ended 28 February 2023






Sunrise SH302 Limited (Registered number: 03183643)






Contents of the Financial Statements
For The Year Ended 28 February 2023




Page

Company Information 1

Chartered Accountants' Report 2

Abridged Balance Sheet 3

Notes to the Financial Statements 5


Sunrise SH302 Limited

Company Information
For The Year Ended 28 February 2023







DIRECTOR: J L Corrigan



SECRETARY: Mrs V L Corrigan



REGISTERED OFFICE: 2 West Parade Road
Scarborough
North Yorkshire
YO12 5ED



REGISTERED NUMBER: 03183643 (England and Wales)



ACCOUNTANTS: Ingham & Co.
Chartered Accountants
George Stanley House
2 West Parade Road
Scarborough
North Yorkshire
YO12 5ED



SOLICITORS: Ashfords LLP
Ashford House
Grenadier Road
Exeter
EX1 3LH

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Sunrise SH302 Limited

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 Balance Sheet. 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 Sunrise SH302 Limited for the year ended 28 February 2023 which comprise the Income Statement, Abridged Balance Sheet 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 Sunrise SH302 Limited in accordance with the terms of our engagement letter dated 18 July 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Sunrise SH302 Limited and state those matters that we have agreed to state to the director of Sunrise SH302 Limited 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 Sunrise SH302 Limited and its director for our work or for this report.

It is your duty to ensure that Sunrise SH302 Limited 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 loss of Sunrise SH302 Limited. You consider that Sunrise SH302 Limited 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 Sunrise SH302 Limited. 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.






Ingham & Co.
Chartered Accountants
George Stanley House
2 West Parade Road
Scarborough
North Yorkshire
YO12 5ED


1 November 2023

Sunrise SH302 Limited (Registered number: 03183643)

Abridged Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 140,574 140,077

CURRENT ASSETS
Debtors 202,302 31,725
Cash at bank and in hand 29,203 401
231,505 32,126
CREDITORS
Amounts falling due within one year 370,303 166,962
NET CURRENT LIABILITIES (138,798 ) (134,836 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,776

5,241

PROVISIONS FOR LIABILITIES 3,499 2,565
NET (LIABILITIES)/ASSETS (1,723 ) 2,676

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings (1,822 ) 2,577
SHAREHOLDERS' FUNDS (1,723 ) 2,676

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

Sunrise SH302 Limited (Registered number: 03183643)

Abridged Balance Sheet - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 1 November 2023 and were signed by:





J L Corrigan - Director


Sunrise SH302 Limited (Registered number: 03183643)

Notes to the Financial Statements
For The Year Ended 28 February 2023

1. STATUTORY INFORMATION

Sunrise SH302 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.

Turnover
Turnover represents net takings from rents receivable and sale of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - No depreciation (see below)
Fishing boat - 10% on reducing balance

No depreciation has been provided in the financial statements in respect of freehold property, as the director considers this to be immaterial.

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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Sunrise SH302 Limited (Registered number: 03183643)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022 141,577
Additions 2,173
At 28 February 2023 143,750
DEPRECIATION
At 1 March 2022 1,500
Charge for year 1,676
At 28 February 2023 3,176
NET BOOK VALUE
At 28 February 2023 140,574
At 28 February 2022 140,077

5. POST BALANCE SHEET EVENTS

On 17 April 2023 the company acquired a property for £203,315.

6. ULTIMATE CONTROLLING PARTY

The controlling party is Jimmy Corrigan's Limited.

The ultimate controlling party is J L Corrigan.