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Company No: 13464910 (England and Wales)

SUNBIRTH (OTFORD) LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2023
Pages for filing with the registrar

SUNBIRTH (OTFORD) LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2023

Contents

SUNBIRTH (OTFORD) LIMITED

COMPANY INFORMATION

For the financial year ended 30 June 2023
SUNBIRTH (OTFORD) LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 June 2023
DIRECTORS Mr I J West
Ms S M West
REGISTERED OFFICE Court Lodge Valley Road
Fawkham
Longfield
DA3 8NA
England
United Kingdom
COMPANY NUMBER 13464910 (England and Wales)
CHARTERED ACCOUNTANTS Gravita III LLP
66 Prescot Street
London
E18NN
SUNBIRTH (OTFORD) LIMITED

BALANCE SHEET

As at 30 June 2023
SUNBIRTH (OTFORD) LIMITED

BALANCE SHEET (continued)

As at 30 June 2023
Note 2023 2022
£ £
Fixed assets
Investment property 3 1,378,982 1,378,982
1,378,982 1,378,982
Current assets
Debtors 4 19,436 2
Cash at bank and in hand 290 0
19,726 2
Creditors: amounts falling due within one year 5 ( 1,552,754) ( 1,379,582)
Net current liabilities (1,533,028) (1,379,580)
Total assets less current liabilities (154,046) (598)
Net liabilities ( 154,046) ( 598)
Capital and reserves
Called-up share capital 2 2
Profit and loss account ( 154,048 ) ( 600 )
Total shareholders' deficit ( 154,046) ( 598)

For the financial year ending 30 June 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Sunbirth (Otford) Limited (registered number: 13464910) were approved and authorised for issue by the Board of Directors on 20 February 2024. They were signed on its behalf by:

Mr I J West
Director
SUNBIRTH (OTFORD) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
SUNBIRTH (OTFORD) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Sunbirth (Otford) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Court Lodge Valley Road, Fawkham, Longfield, DA3 8NA, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The company has net current liabilities of £ 154,046 at the balance sheet date which suggests that the going concern basis may not be appropriate. However, the directors have given assurance that they will continue to provide support to the company to allow it to continue in operation for the foreseeable future. The directors therefore consider it appropriate to prepare financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of this support.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Investment property

Investment property
£
Valuation
As at 01 July 2022 1,378,982
As at 30 June 2023 1,378,982

4. Debtors

2023 2022
£ £
Trade debtors 19,434 0
Other debtors 2 2
19,436 2

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 129,901 0
Other taxation and social security 1 0
Other creditors 1,422,852 1,379,582
1,552,754 1,379,582

6. Related party transactions

At the balance sheet date, the company owed £42,000 (2022: £Nil) to Sunbirth Investments Limited, a company which is controlled by the directors.

At the balance sheet date, the company owed £20,570 (2022: Nil) to Art of Living (Hamble) Limited, a company which is controlled by the directors.

At the balance sheet date, the company owed £1,359,482 (2022: £1,378,982 ) to Sunbirth Turnstone Limited, a company which is controlled by the directors.

7. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the Company since the financial year.