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REGISTERED NUMBER: 07918021











Financial Statements

for the Year Ended 31 March 2023

for

SUN CARE LIVING LIMITED

SUN CARE LIVING LIMITED (REGISTERED NUMBER: 07918021)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUN CARE LIVING LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr V Pancholi





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 07918021





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

SUN CARE LIVING LIMITED (REGISTERED NUMBER: 07918021)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 638,926 662,007
638,926 662,007

CURRENT ASSETS
Stocks 5,500 5,500
Debtors 6 317,505 278,417
Cash at bank 136,856 144,661
459,861 428,578
CREDITORS
Amounts falling due within one year 7 148,320 131,122
NET CURRENT ASSETS 311,541 297,456
TOTAL ASSETS LESS CURRENT
LIABILITIES

950,467

959,463

CREDITORS
Amounts falling due after more than one year 8 (521,120 ) (605,685 )

PROVISIONS FOR LIABILITIES 10 (96,393 ) (74,983 )
NET ASSETS 332,954 278,795

CAPITAL AND RESERVES
Called up share capital 11 100 100
Revaluation reserve 255,462 275,899
Retained earnings 77,392 2,796
SHAREHOLDERS' FUNDS 332,954 278,795

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

SUN CARE LIVING LIMITED (REGISTERED NUMBER: 07918021)

Balance Sheet - continued
31 March 2023


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 director and authorised for issue on 30 January 2024 and were signed by:





Mr V Pancholi - Director


SUN CARE LIVING LIMITED (REGISTERED NUMBER: 07918021)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Sun Care Living Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on Cost
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

SUN CARE LIVING LIMITED (REGISTERED NUMBER: 07918021)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2022 - 40 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022 180,000
Disposals (180,000 )
At 31 March 2023 -
AMORTISATION
At 1 April 2022 180,000
Eliminated on disposal (180,000 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2022 700,365 188,134 28,060 8,793 925,352
Additions - - 3,007 3,880 6,887
At 31 March 2023 700,365 188,134 31,067 12,673 932,239
DEPRECIATION
At 1 April 2022 92,387 149,081 16,948 4,929 263,345
Charge for year 14,007 7,811 6,214 1,936 29,968
At 31 March 2023 106,394 156,892 23,162 6,865 293,313
NET BOOK VALUE
At 31 March 2023 593,971 31,242 7,905 5,808 638,926
At 31 March 2022 607,978 39,053 11,112 3,864 662,007

SUN CARE LIVING LIMITED (REGISTERED NUMBER: 07918021)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2023 is represented by:

Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Valuation in 2019 340,616 - - - 340,616
Cost 359,749 188,134 31,067 12,673 591,623
700,365 188,134 31,067 12,673 932,239

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 42,961 112,937
Amounts owed by group undertakings 226,480 165,480
Other debtors 48,064 -
317,505 278,417

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts (see note 9) 84,565 80,126
Trade creditors 891 19,010
Tax 36,336 12,317
Social security and other taxes 14,742 11,823
Other creditors 5,881 1,886
Directors' current accounts 265 1,260
Accruals and deferred income 5,640 4,700
148,320 131,122

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 9) 521,120 605,685

9. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 84,565 80,126

Amounts falling due between two and five years:
Bank loans - 2-5 years 521,120 605,685

SUN CARE LIVING LIMITED (REGISTERED NUMBER: 07918021)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

10. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 96,393 74,983

Deferred
tax
£   
Balance at 1 April 2022 74,983
Provided during year 21,410
Balance at 31 March 2023 96,393

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100

12. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £265 (2022: £1,260) to the director. The amount is interest free and repayable on demand.

At the balance sheet date, the company was owed £226,480 (2022: £165,480) by VP Capital Management Ltd. A related party by virtue of the fact they are under common control.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr V Pancholi.