2022-08-012023-07-312023-07-31false12092334FRIENDLY SUN LTD2024-03-2064209iso4217:GBPxbrli:pure120923342022-08-01120923342023-07-31120923342022-08-012023-07-31120923342021-08-01120923342022-07-31120923342021-08-012022-07-3112092334bus:SmallEntities2022-08-012023-07-3112092334bus:AuditExempt-NoAccountantsReport2022-08-012023-07-3112092334bus:FullAccounts2022-08-012023-07-3112092334bus:PrivateLimitedCompanyLtd2022-08-012023-07-3112092334core:WithinOneYear2023-07-3112092334core:AfterOneYear2023-07-3112092334core:WithinOneYear2022-07-3112092334core:AfterOneYear2022-07-3112092334core:ShareCapital2023-07-3112092334core:SharePremium2023-07-3112092334core:RevaluationReserve2023-07-3112092334core:OtherReservesSubtotal2023-07-3112092334core:RetainedEarningsAccumulatedLosses2023-07-3112092334core:ShareCapital2022-07-3112092334core:SharePremium2022-07-3112092334core:RevaluationReserve2022-07-3112092334core:OtherReservesSubtotal2022-07-3112092334core:RetainedEarningsAccumulatedLosses2022-07-3112092334core:LandBuildings2023-07-3112092334core:PlantMachinery2023-07-3112092334core:Vehicles2023-07-3112092334core:FurnitureFittings2023-07-3112092334core:OfficeEquipment2023-07-3112092334core:NetGoodwill2023-07-3112092334core:IntangibleAssetsOtherThanGoodwill2023-07-3112092334core:ListedExchangeTraded2023-07-3112092334core:UnlistedNon-exchangeTraded2023-07-3112092334core:LandBuildings2022-07-3112092334core:PlantMachinery2022-07-3112092334core:Vehicles2022-07-3112092334core:FurnitureFittings2022-07-3112092334core:OfficeEquipment2022-07-3112092334core:NetGoodwill2022-07-3112092334core:IntangibleAssetsOtherThanGoodwill2022-07-3112092334core:ListedExchangeTraded2022-07-3112092334core:UnlistedNon-exchangeTraded2022-07-3112092334core:LandBuildings2022-08-012023-07-3112092334core:PlantMachinery2022-08-012023-07-3112092334core:Vehicles2022-08-012023-07-3112092334core:FurnitureFittings2022-08-012023-07-3112092334core:OfficeEquipment2022-08-012023-07-3112092334core:NetGoodwill2022-08-012023-07-3112092334core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3112092334core:ListedExchangeTraded2022-08-012023-07-3112092334core:UnlistedNon-exchangeTraded2022-08-012023-07-3112092334core:MoreThanFiveYears2022-08-012023-07-3112092334core:Non-currentFinancialInstruments2023-07-3112092334core:Non-currentFinancialInstruments2022-07-3112092334dpl:CostSales2022-08-012023-07-3112092334dpl:DistributionCosts2022-08-012023-07-3112092334core:LandBuildings2022-08-012023-07-3112092334core:PlantMachinery2022-08-012023-07-3112092334core:Vehicles2022-08-012023-07-3112092334core:FurnitureFittings2022-08-012023-07-3112092334core:OfficeEquipment2022-08-012023-07-3112092334dpl:AdministrativeExpenses2022-08-012023-07-3112092334core:NetGoodwill2022-08-012023-07-3112092334core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3112092334dpl:GroupUndertakings2022-08-012023-07-3112092334dpl:ParticipatingInterests2022-08-012023-07-3112092334dpl:GroupUndertakingscore:ListedExchangeTraded2022-08-012023-07-3112092334core:ListedExchangeTraded2022-08-012023-07-3112092334dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-08-012023-07-3112092334core:UnlistedNon-exchangeTraded2022-08-012023-07-3112092334dpl:CostSales2021-08-012022-07-3112092334dpl:DistributionCosts2021-08-012022-07-3112092334core:LandBuildings2021-08-012022-07-3112092334core:PlantMachinery2021-08-012022-07-3112092334core:Vehicles2021-08-012022-07-3112092334core:FurnitureFittings2021-08-012022-07-3112092334core:OfficeEquipment2021-08-012022-07-3112092334dpl:AdministrativeExpenses2021-08-012022-07-3112092334core:NetGoodwill2021-08-012022-07-3112092334core:IntangibleAssetsOtherThanGoodwill2021-08-012022-07-3112092334dpl:GroupUndertakings2021-08-012022-07-3112092334dpl:ParticipatingInterests2021-08-012022-07-3112092334dpl:GroupUndertakingscore:ListedExchangeTraded2021-08-012022-07-3112092334core:ListedExchangeTraded2021-08-012022-07-3112092334dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-08-012022-07-3112092334core:UnlistedNon-exchangeTraded2021-08-012022-07-3112092334core:NetGoodwill2023-07-3112092334core:IntangibleAssetsOtherThanGoodwill2023-07-3112092334core:LandBuildings2023-07-3112092334core:PlantMachinery2023-07-3112092334core:Vehicles2023-07-3112092334core:FurnitureFittings2023-07-3112092334core:OfficeEquipment2023-07-3112092334core:AfterOneYear2023-07-3112092334core:WithinOneYear2023-07-3112092334core:ListedExchangeTraded2023-07-3112092334core:UnlistedNon-exchangeTraded2023-07-3112092334core:ShareCapital2023-07-3112092334core:SharePremium2023-07-3112092334core:RevaluationReserve2023-07-3112092334core:OtherReservesSubtotal2023-07-3112092334core:RetainedEarningsAccumulatedLosses2023-07-3112092334core:NetGoodwill2022-07-3112092334core:IntangibleAssetsOtherThanGoodwill2022-07-3112092334core:LandBuildings2022-07-3112092334core:PlantMachinery2022-07-3112092334core:Vehicles2022-07-3112092334core:FurnitureFittings2022-07-3112092334core:OfficeEquipment2022-07-3112092334core:AfterOneYear2022-07-3112092334core:WithinOneYear2022-07-3112092334core:ListedExchangeTraded2022-07-3112092334core:UnlistedNon-exchangeTraded2022-07-3112092334core:ShareCapital2022-07-3112092334core:SharePremium2022-07-3112092334core:RevaluationReserve2022-07-3112092334core:OtherReservesSubtotal2022-07-3112092334core:RetainedEarningsAccumulatedLosses2022-07-3112092334core:NetGoodwill2021-08-0112092334core:IntangibleAssetsOtherThanGoodwill2021-08-0112092334core:LandBuildings2021-08-0112092334core:PlantMachinery2021-08-0112092334core:Vehicles2021-08-0112092334core:FurnitureFittings2021-08-0112092334core:OfficeEquipment2021-08-0112092334core:AfterOneYear2021-08-0112092334core:WithinOneYear2021-08-0112092334core:ListedExchangeTraded2021-08-0112092334core:UnlistedNon-exchangeTraded2021-08-0112092334core:ShareCapital2021-08-0112092334core:SharePremium2021-08-0112092334core:RevaluationReserve2021-08-0112092334core:OtherReservesSubtotal2021-08-0112092334core:RetainedEarningsAccumulatedLosses2021-08-0112092334core:AfterOneYear2022-08-012023-07-3112092334core:WithinOneYear2022-08-012023-07-3112092334core:Non-currentFinancialInstrumentscore:CostValuation2022-08-012023-07-3112092334core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-08-012023-07-3112092334core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-08-012023-07-3112092334core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-08-012023-07-3112092334core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-08-012023-07-3112092334core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-08-012023-07-3112092334core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-08-012023-07-3112092334core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-08-012023-07-3112092334core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-08-012023-07-3112092334core:Non-currentFinancialInstrumentscore:CostValuation2023-07-3112092334core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-07-3112092334core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-07-3112092334core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-07-3112092334core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-07-3112092334core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-07-3112092334core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-07-3112092334core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-07-3112092334core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-07-3112092334core:Non-currentFinancialInstrumentscore:CostValuation2022-07-3112092334core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-07-3112092334core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-07-3112092334core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-07-3112092334core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-07-3112092334core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-07-3112092334core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-07-3112092334core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-07-3112092334core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-07-3112092334bus:Director12022-08-012023-07-3112092334core:FurnitureFittingsToolsEquipment2022-08-012023-07-3112092334core:FurnitureFittingsToolsEquipment2023-07-3112092334core:FurnitureFittingsToolsEquipment2022-07-31

FRIENDLY SUN LTD

Registered Number
12092334
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2023

FRIENDLY SUN LTD
Company Information
for the year from 1 August 2022 to 31 July 2023

Director

SUN, Tzu-Ying

Registered Address

35 Pond Street
London
NW3 2PN

Registered Number

12092334 (England and Wales)
FRIENDLY SUN LTD
Statement of Financial Position
31 July 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets329,091-
Investment property44,039,286-
4,068,377-
Current assets
Debtors-770,277
Cash at bank and on hand30,541-
30,541770,277
Creditors amounts falling due within one year5(3,000)(3,000)
Net current assets (liabilities)27,541767,277
Total assets less current liabilities4,095,918767,277
Creditors amounts falling due after one year6(4,118,707)(770,177)
Net assets(22,789)(2,900)
Capital and reserves
Called up share capital100100
Profit and loss account(22,889)(3,000)
Shareholders' funds(22,789)(2,900)
The financial statements were approved and authorised for issue by the Director on 20 March 2024, and are signed on its behalf by:
SUN, Tzu-Ying
Director
Registered Company No. 12092334
FRIENDLY SUN LTD
Notes to the Financial Statements
for the year ended 31 July 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A, as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount. Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Straight line (years)
Fixtures and fittings10
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
2.Average number of employees

20232022
Average number of employees during the year00
3.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
Additions32,26532,265
At 31 July 2332,26532,265
Depreciation and impairment
Charge for year3,1743,174
At 31 July 233,1743,174
Net book value
At 31 July 2329,09129,091
At 31 July 22--
4.Investment property

£
Additions4,039,286
At 31 July 234,039,286
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables-3,000
Accrued liabilities and deferred income3,000-
Total3,0003,000
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts1,462,500-
Other creditors2,656,207770,177
Total4,118,707770,177