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REGISTERED NUMBER: 14344975 (England and Wales)















SUNKARI INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024






SUNKARI INVESTMENTS LIMITED (REGISTERED NUMBER: 14344975)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SUNKARI INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: U Baden
S Rani





REGISTERED OFFICE: 3 Redthorne Grove
Kenilworth
Warwick
CV8 2EF





REGISTERED NUMBER: 14344975 (England and Wales)





ACCOUNTANTS: DTE Business Advisers Limited
The Exchange
5 Bank Street
Bury
BL9 0DN

SUNKARI INVESTMENTS LIMITED (REGISTERED NUMBER: 14344975)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 1,150,000 1,150,000

CURRENT ASSETS
Debtors 5 842 6,983
Cash at bank 78 338
920 7,321
CREDITORS
Amounts falling due within one year 6 (261,218 ) (307,764 )
NET CURRENT LIABILITIES (260,298 ) (300,443 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

889,702

849,557

CREDITORS
Amounts falling due after more than one
year

7

(822,088

)

(821,280

)
NET ASSETS 67,614 28,277

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 67,514 28,177
67,614 28,277

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

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

SUNKARI INVESTMENTS LIMITED (REGISTERED NUMBER: 14344975)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2024


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 INVESTMENTS LIMITED (REGISTERED NUMBER: 14344975)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Sunkari Investments Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 14344975 and its registered office address is 3 Redthorne Grove, Kenilworth, 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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make estimates and judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates.

The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

Determining the fair value of investment property is considered a key judgement..

Revenue
Rental income is recognised in accordance with the terms of the rental agreement. Lease incentives are recognised across the course of the lease agreement.

Investment property
Investment properties are recognised at fair value. Revaluation surpluses/deficits are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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, being the transaction price less any amounts settled.

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 statement of financial position date.


SUNKARI INVESTMENTS LIMITED (REGISTERED NUMBER: 14344975)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued
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 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 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 1,150,000
NET BOOK VALUE
At 30 April 2024 1,150,000
At 30 April 2023 1,150,000

Fair value has been assessed by the directors at the year end, and is considered to be substantially equal to the cost price.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 174 5,600
Other debtors 668 1,383
842 6,983

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 230,705 300,131
Taxation and social security 19,910 6,633
Other creditors 10,603 1,000
261,218 307,764

SUNKARI INVESTMENTS LIMITED (REGISTERED NUMBER: 14344975)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 822,088 821,280

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 822,088 821,280

The loan represents an interest-only mortgage held with Shawbrook Bank, repayable in 2043.

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 822,088 821,280

The mortgage is secured over the investment property.