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REGISTERED NUMBER: 09261862 (England and Wales)












Sun 1978 Limited

Unaudited Financial Statements

for the Period 1st April 2023 to 30th November 2023






Sun 1978 Limited (Registered number: 09261862)






Contents of the Financial Statements
for the Period 1st April 2023 to 30th November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Sun 1978 Limited

Company Information
for the Period 1st April 2023 to 30th November 2023







DIRECTORS: J P D Hodgson
P Lowther
A Ainslie





REGISTERED OFFICE: 48 Arwenack Street
Falmouth
Cornwall
TR11 3JH





REGISTERED NUMBER: 09261862 (England and Wales)





ACCOUNTANTS: Hodgsons
Chartered Accountants
48 Arwenack Street
Falmouth
Cornwall
TR11 3JH

Sun 1978 Limited (Registered number: 09261862)

Statement of Financial Position
30th November 2023

2023 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 1,530 84,952
Cash at bank - 239
1,530 85,191
CREDITORS
Amounts falling due within one year 5 (1,320 ) (90,038 )
NET CURRENT ASSETS/(LIABILITIES) 210 (4,847 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

210

(4,847

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 209 (4,848 )
SHAREHOLDERS' FUNDS 210 (4,847 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th November 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8th April 2024 and were signed on its behalf by:




J P D Hodgson - Director P Lowther - Director




A Ainslie - Director


Sun 1978 Limited (Registered number: 09261862)

Notes to the Financial Statements
for the Period 1st April 2023 to 30th November 2023

1. STATUTORY INFORMATION

Sun 1978 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. The financial statements cover a single entity.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements have been rounded to the nearest Pound.

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.

Taxation
Taxation for the period 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 statement of financial position date.

Financial instruments
The company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other receivables, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of future receipts, discounted at a market rate of interest.

(ii) Financial liabilities

Basic financial liabilities, including trade and other payables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future receipts, discounted at a market rate of interest.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Other debtors 1,530 84,952

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023
£    £   
Other creditors 1,320 90,038

Sun 1978 Limited (Registered number: 09261862)

Notes to the Financial Statements - continued
for the Period 1st April 2023 to 30th November 2023

6. CHANGE IN REPORTING PERIOD

These financial statements have been prepared for an eight month period to 30th November 2023. This has been done to incorporate the final period of trading. This means that the comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.