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REGISTERED NUMBER: 09974514 (England and Wales)















SUN INN PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024






SUN INN PROPERTIES LIMITED (REGISTERED NUMBER: 09974514)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUN INN PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: A R Welch
P Grant
J Young





SECRETARY: P Grant





REGISTERED OFFICE: Dearneside Fabrications
Trafalgar Works
Wallace Road
Sheffield
S3 9SR





REGISTERED NUMBER: 09974514 (England and Wales)






SUN INN PROPERTIES LIMITED (REGISTERED NUMBER: 09974514)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,997,489 2,033,933
Investment property 5 484,729 398,998
2,482,218 2,432,931

CURRENT ASSETS
Stocks 32,323 37,708
Debtors 6 27,009 3,413
Cash at bank and in hand 123,995 111,956
183,327 153,077
CREDITORS
Amounts falling due within one year 7 228,892 183,102
NET CURRENT LIABILITIES (45,565 ) (30,025 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,436,653

2,402,906

CREDITORS
Amounts falling due after more than one year 8 (1,788,283 ) (1,767,875 )

PROVISIONS FOR LIABILITIES (82,394 ) (75,234 )
NET ASSETS 565,976 559,797

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 565,876 559,697
565,976 559,797

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

SUN INN PROPERTIES LIMITED (REGISTERED NUMBER: 09974514)

BALANCE SHEET - continued
31 MARCH 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 2 August 2024 and were signed on its behalf by:





J Young - Director


SUN INN PROPERTIES LIMITED (REGISTERED NUMBER: 09974514)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Sun Inn Properties 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, 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.
Land and buildings - 15% on reducing balance and 2% on cost
Plant and machinery etc - 20% on reducing balance and 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

SUN INN PROPERTIES LIMITED (REGISTERED NUMBER: 09974514)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Government grants
Grant income relating to revenue is recognised on an accruals basis. Income is recognised on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. A grant that becomes receivable as compensation for expenses or losses already incurred for the purpose of giving immediate financial support with no future related costs is recognised in income in the period in which it becomes receivable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2023 - 38 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 1,770,956 745,147 2,516,103
Additions 34,089 6,473 40,562
At 31 March 2024 1,805,045 751,620 2,556,665
DEPRECIATION
At 1 April 2023 143,291 338,879 482,170
Charge for year 30,946 46,060 77,006
At 31 March 2024 174,237 384,939 559,176
NET BOOK VALUE
At 31 March 2024 1,630,808 366,681 1,997,489
At 31 March 2023 1,627,665 406,268 2,033,933

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 398,998
Additions 85,731
At 31 March 2024 484,729
NET BOOK VALUE
At 31 March 2024 484,729
At 31 March 2023 398,998

SUN INN PROPERTIES LIMITED (REGISTERED NUMBER: 09974514)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 22,293 -
Other debtors 4,716 3,413
27,009 3,413

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 39,204 42,635
Taxation and social security 80,064 90,933
Other creditors 109,624 49,534
228,892 183,102

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 1,788,283 1,767,875