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REGISTERED NUMBER: 07942448 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2023

for

Sunshine Endeavours Ltd

Sunshine Endeavours Ltd (Registered number: 07942448)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sunshine Endeavours Ltd

Company Information
for the Year Ended 31st March 2023







DIRECTOR: Dr M Patel





REGISTERED OFFICE: 52 Lincoln Avenue
London
N14 7LH





REGISTERED NUMBER: 07942448 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

Sunshine Endeavours Ltd (Registered number: 07942448)

Balance Sheet
31st March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 3 444 592
Investment property 4 1,480,000 1,264,900
1,480,444 1,265,492

CURRENT ASSETS
Debtors 5 138,324 59,330
Investments 6 12,533 12,533
Cash at bank 65,782 56,543
216,639 128,406
CREDITORS
Amounts falling due within one year 7 (205,031 ) (187,316 )
NET CURRENT ASSETS/(LIABILITIES) 11,608 (58,910 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,492,052 1,206,582

CREDITORS
Amounts falling due after more than one
year

8

(592,871

)

(610,460

)

PROVISIONS FOR LIABILITIES (141,894 ) (101,025 )
NET ASSETS 757,287 495,097

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 604,919 430,688
Retained earnings 152,268 64,309
757,287 495,097

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

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

Sunshine Endeavours Ltd (Registered number: 07942448)

Balance Sheet - continued
31st 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 12th March 2024 and were signed by:





Dr M Patel - Director


Sunshine Endeavours Ltd (Registered number: 07942448)

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

1. 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

2. EMPLOYEES AND DIRECTORS

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

Sunshine Endeavours Ltd (Registered number: 07942448)

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

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022
and 31st March 2023 1,169
DEPRECIATION
At 1st April 2022 577
Charge for year 148
At 31st March 2023 725
NET BOOK VALUE
At 31st March 2023 444
At 31st March 2022 592

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2022 1,264,900
Revaluations 215,100
At 31st March 2023 1,480,000
NET BOOK VALUE
At 31st March 2023 1,480,000
At 31st March 2022 1,264,900

Fair value at 31st March 2023 is represented by:
£   
Valuation in 2018 207,933
Valuation in 2021 78,880
Valuation in 2022 244,900
Valuation in 2023 215,100
Cost 733,187
1,480,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 138,324 59,330

Sunshine Endeavours Ltd (Registered number: 07942448)

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

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Other 12,533 12,533

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,000 22,728
Taxation and social security 22,298 6,455
Other creditors 177,733 158,133
205,031 187,316

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 12,273 -
Other creditors 580,598 610,460
592,871 610,460

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Mortgages 580,598 610,459

10. RESERVES
Revaluation
reserve
£   
At 1st April 2022 430,688
Transfer 174,231

At 31st March 2023 604,919