REGISTERED NUMBER: |
SUNKARI NELSON ONE LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 4 JUNE 2023 TO 30 APRIL 2024 |
REGISTERED NUMBER: |
SUNKARI NELSON ONE LTD |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 4 JUNE 2023 TO 30 APRIL 2024 |
SUNKARI NELSON ONE LTD (REGISTERED NUMBER: 14912950) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 4 JUNE 2023 TO 30 APRIL 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
SUNKARI NELSON ONE LTD |
COMPANY INFORMATION |
FOR THE PERIOD 4 JUNE 2023 TO 30 APRIL 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
The Exchange |
5 Bank Street |
Bury |
BL9 0DN |
SUNKARI NELSON ONE LTD (REGISTERED NUMBER: 14912950) |
STATEMENT OF FINANCIAL POSITION |
30 APRIL 2024 |
Notes | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Inventories |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
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. |
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 |
SUNKARI NELSON ONE LTD (REGISTERED NUMBER: 14912950) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 4 JUNE 2023 TO 30 APRIL 2024 |
1. | STATUTORY INFORMATION |
Sunkari Nelson One Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 14912950 and registered office address is 3 Redthorne Grove, Kenilworth, England, CV8 2EF. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Despite the net current liability position of the company as at 30 April 2024, the directors expect that the property under construction will sell at a profit and so it is considered appropriate that the financial statements are prepared on the going concern basis. The company relies on the support of other companies within the group to meet its day to day working capital requirements, and the directors have confirmed that this support will not be withdrawn to the detriment of the company. |
Preparation of consolidated financial statements |
The financial statements contain information about Sunkari Nelson One Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Significant judgements and estimates |
The are currently no accounting judgements or estimates that are considered critical by the directors. |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Inventories |
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Inventories comprise the purchase and development costs of property and are valued at the lower of cost and net realisable value. Borrowing costs are capitalised as part of inventory to the extent that they are directly attributable to the development of property. Capitalisation of borrowing costs will cease once the asset is ready for sale. |
Financial instruments |
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. |
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement. |
Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost. |
SUNKARI NELSON ONE LTD (REGISTERED NUMBER: 14912950) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 4 JUNE 2023 TO 30 APRIL 2024 |
2. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the period 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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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 period was |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
Additions |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed by group undertakings |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other creditors |
SUNKARI NELSON ONE LTD (REGISTERED NUMBER: 14912950) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 4 JUNE 2023 TO 30 APRIL 2024 |
7. | SECURED DEBTS |
The following secured debts are included within creditors: |
£ |
Other loans |
Loans are secured against the development at 90 Nelson Lane. |