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Company No: 12620473 (England and Wales)

7 SUNRIDGE CLOSE LIMITED

Unaudited Financial Statements
For the financial period from 01 June 2022 to 30 November 2023
Pages for filing with the registrar

7 SUNRIDGE CLOSE LIMITED

Unaudited Financial Statements

For the financial period from 01 June 2022 to 30 November 2023

Contents

7 SUNRIDGE CLOSE LIMITED

BALANCE SHEET

As at 30 November 2023
7 SUNRIDGE CLOSE LIMITED

BALANCE SHEET (continued)

As at 30 November 2023
Note 30.11.2023 31.05.2022
£ £
Current assets
Stocks 3 13,379 13,379
13,379 13,379
Creditors: amounts falling due within one year 4 ( 14,209) ( 14,059)
Net current liabilities (830) (680)
Total assets less current liabilities (830) (680)
Net liabilities ( 830) ( 680)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 930 ) ( 780 )
Total shareholder's deficit ( 830) ( 680)

For the financial period ending 30 November 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 7 Sunridge Close Limited (registered number: 12620473) were approved and authorised for issue by the Board of Directors on 08 March 2024. They were signed on its behalf by:

P Cook
Director
7 SUNRIDGE CLOSE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 June 2022 to 30 November 2023
7 SUNRIDGE CLOSE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 June 2022 to 30 November 2023
1. Accounting policies

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

General information and basis of accounting

7 Sunridge Close 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 Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The accounting period has been extended and the accounts have been prepared for the 18 month period ended November 2023.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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 receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

Period from
01.06.2022 to
30.11.2023
Year ended
31.05.2022
Number Number
Monthly average number of persons employed by the Company during the period, including directors 1 1

3. Stocks

30.11.2023 31.05.2022
£ £
Stocks 13,379 13,379

4. Creditors: amounts falling due within one year

30.11.2023 31.05.2022
£ £
Other creditors 14,209 14,059