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REGISTERED NUMBER: 14912950 (England and Wales)















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: U Baden
A Singh





REGISTERED OFFICE: 3 Redthorne Grove
Kenilworth
CV8 2EF





REGISTERED NUMBER: 14912950 (England and Wales)





ACCOUNTANTS: DTE Business Advisers Limited
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 4 100

CURRENT ASSETS
Inventories 821,161
Debtors 5 199,631
Cash at bank 900
1,021,692
CREDITORS
Amounts falling due within one year 6 (1,083,713 )
NET CURRENT LIABILITIES (62,021 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(61,921

)

CAPITAL AND RESERVES
Called up share capital 1,000
Retained earnings (62,921 )
(61,921 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2024 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.

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 1 August 2024 and were signed on its behalf by:





U Baden - Director


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
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.

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 2 .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 100
At 30 April 2024 100
NET BOOK VALUE
At 30 April 2024 100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed by group undertakings 199,631

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 1,083,713

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 895,599

Loans are secured against the development at 90 Nelson Lane.