Registered number
00606825
Sunnyfields Holdings Limited
Filleted Accounts
31 March 2023
Sunnyfields Holdings Limited
Registered number: 00606825
Balance Sheet
as at 31 March 2023
31 July
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 810,000 810,000
Current assets
Debtors 4 8,431 10,977
Cash at bank and in hand 198,461 141,262
206,892 152,239
Creditors: amounts falling due within one year 5 (22,082) (13,338)
Net current assets 184,810 138,901
Total assets less current liabilities 994,810 948,901
Provisions for liabilities (12,783) (12,783)
Net assets 982,027 936,118
Capital and reserves
Called up share capital 10 10
Revaluation reserve 6 253,567 253,403
Profit and loss account 728,450 682,705
Shareholders' funds 982,027 936,118
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J H Godfrey
Director
Approved by the board on 3 November 2023
Sunnyfields Holdings Limited
Notes to the Accounts
for the period from 1 August 2022 to 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable for rents.
Tangible fixed assets
Investment properties have been revalued regularly by the directors at their open market value and any change in value is shown in the profit and loss account and then reflected by a transfer to or from a revaluation reserve. Buildings are not depreciated.
Freehold buildings not depreciated
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets Investment properties
Land and buildings
Cost £
At 1 August 2022 810,000
Surplus on revaluation 164
Disposals (164)
At 31 March 2023 810,000
Depreciation
At 31 March 2023 -
Net book value
At 31 March 2023 810,000
At 31 July 2022 810,000
The investment properties are disclosed in these financial statements on the basis of the directors' open market valuation.
Freehold land and buildings: 2023 2022
£ £
Historical cost 556,597 556,597
Cumulative depreciation based on historical cost - -
556,597 556,597
4 Debtors 2023 2022
£ £
Trade debtors 8,431 10,977
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 20,523 11,745
Other creditors 1,559 1,593
22,082 13,338
6 Revaluation reserve 2023 2022
£ £
At 1 August 2022 253,403 253,403
Gain on revaluation of land and buildings 164 -
At 31 March 2023 253,567 253,403
7 Other information
Sunnyfields Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
68 North Malvern Road
Malvern
Worcestershire
WR14 4LX
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