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REGISTERED NUMBER: SC219503 (Scotland)















Financial Statements for the Year Ended 31st October 2023

for

SUNSET BEACH TWO LIMITED

SUNSET BEACH TWO LIMITED (REGISTERED NUMBER: SC219503)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUNSET BEACH TWO LIMITED

Company Information
for the Year Ended 31st October 2023







DIRECTOR: Mrs P Ali



SECRETARY: Mrs P Ali



REGISTERED OFFICE: 222 Battlefield Road
Glasgow
G41 9HN



REGISTERED NUMBER: SC219503 (Scotland)



BANKERS: The Royal Bank of Scotland plc
10 Gordon Street
Glasgow
G1 3PL

SUNSET BEACH TWO LIMITED (REGISTERED NUMBER: SC219503)

Balance Sheet
31st October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 11,040 14,599

CURRENT ASSETS
Stocks 577 711
Debtors 6 1,435 1,328
Cash at bank and in hand 34,094 51,357
36,106 53,396
CREDITORS
Amounts falling due within one year 7 6,869 28,913
NET CURRENT ASSETS 29,237 24,483
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,277

39,082

PROVISIONS FOR LIABILITIES 2,098 2,222
NET ASSETS 38,179 36,860

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 38,079 36,760
SHAREHOLDERS' FUNDS 38,179 36,860

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

SUNSET BEACH TWO LIMITED (REGISTERED NUMBER: SC219503)

Balance Sheet - continued
31st October 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 26th July 2024 and were signed by:





Mrs P Ali - Director


SUNSET BEACH TWO LIMITED (REGISTERED NUMBER: SC219503)

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

1. STATUTORY INFORMATION

Sunset Beach Two Limited is a private company, limited by shares , registered in Scotland. 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. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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, 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.
Sunbed equipment - 20% on cost
Fixtures and fittings - 10% on cost

Tangible fixed assets held for the companies own use are stated at cost less accumulated depreciation and accumulated impairment loss.
At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Expenditure of £250 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the profit and loss account in the period it is incurred.

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.


SUNSET BEACH TWO LIMITED (REGISTERED NUMBER: SC219503)

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

3. ACCOUNTING POLICIES - continued
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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2022
and 31st October 2023 43,481
DEPRECIATION
At 1st November 2022 28,882
Charge for year 3,559
At 31st October 2023 32,441
NET BOOK VALUE
At 31st October 2023 11,040
At 31st October 2022 14,599

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,435 1,328

SUNSET BEACH TWO LIMITED (REGISTERED NUMBER: SC219503)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,005 21,864
Taxation and social security 561 313
Other creditors 1,303 6,736
6,869 28,913