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REGISTERED NUMBER: 09573599 (England and Wales)















SUBLIME RESOURCES LIMITED

Unaudited Financial Statements

For The Year Ended 31 May 2023






SUBLIME RESOURCES LIMITED (REGISTERED NUMBER: 09573599)

Contents of the Financial Statements
For The Year Ended 31 May 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


SUBLIME RESOURCES LIMITED

Company Information
For The Year Ended 31 May 2023







DIRECTORS: J Slavin
Ms S Frankland





REGISTERED OFFICE: Two Saints Church
34 Church Hill
Shepherdswell
Dover
Kent
CT15 7NR





REGISTERED NUMBER: 09573599 (England and Wales)





ACCOUNTANTS: Hilden Park Accountants Limited
Hilden Park House
79 Tonbridge Road
Hildenborough
Tonbridge
Kent
TN11 9BH

SUBLIME RESOURCES LIMITED (REGISTERED NUMBER: 09573599)

Abridged Balance Sheet
31 May 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 12,329 5,639
Cash at bank 9,467 15,159
21,796 20,798
CREDITORS
Amounts falling due within one year 9,233 9,596
NET CURRENT ASSETS 12,563 11,202
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,563

11,202

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 12,561 11,200
SHAREHOLDERS' FUNDS 12,563 11,202

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

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 April 2024 and were signed on its behalf by:




J Slavin - Director


SUBLIME RESOURCES LIMITED (REGISTERED NUMBER: 09573599)

Notes to the Financial Statements
For The Year Ended 31 May 2023


1. STATUTORY INFORMATION

Sublime Resources 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added tax, from the provision of management consultancy services provided during the period. Turnover is recognised according to the stage of completion of the contract to which it relates.

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 - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

SUBLIME RESOURCES LIMITED (REGISTERED NUMBER: 09573599)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2023


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022
and 31 May 2023 1,370
DEPRECIATION
At 1 June 2022
and 31 May 2023 1,370
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
J Slavin and Ms S Frankland
Balance outstanding at start of year - -
Amounts advanced 42,238 -
Amounts repaid (29,909 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,329 -

The directors' loan accounts are repayable within 9 months of the balance sheet date. Interest was charged by the company to a director at the official rate for periods when their balance exceeded £10,000.