Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31No description of principal activity42023-01-01false23falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07171165 2023-01-01 2023-12-31 07171165 2023-12-31 07171165 2022-01-01 2022-12-31 07171165 2022-12-31 07171165 c:Director1 2023-01-01 2023-12-31 07171165 c:Director2 2023-01-01 2023-12-31 07171165 c:RegisteredOffice 2023-01-01 2023-12-31 07171165 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 07171165 d:Buildings d:LongLeaseholdAssets 2023-12-31 07171165 d:Buildings d:LongLeaseholdAssets 2022-12-31 07171165 d:PlantMachinery 2023-01-01 2023-12-31 07171165 d:PlantMachinery 2023-12-31 07171165 d:PlantMachinery 2022-12-31 07171165 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07171165 d:FurnitureFittings 2023-01-01 2023-12-31 07171165 d:FurnitureFittings 2023-12-31 07171165 d:FurnitureFittings 2022-12-31 07171165 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07171165 d:OfficeEquipment 2023-01-01 2023-12-31 07171165 d:OfficeEquipment 2023-12-31 07171165 d:OfficeEquipment 2022-12-31 07171165 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07171165 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 07171165 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 07171165 d:Goodwill 2023-12-31 07171165 d:Goodwill 2022-12-31 07171165 d:FreeholdInvestmentProperty 2023-12-31 07171165 d:FreeholdInvestmentProperty 2022-12-31 07171165 d:CurrentFinancialInstruments 2023-12-31 07171165 d:CurrentFinancialInstruments 2022-12-31 07171165 d:Non-currentFinancialInstruments 2023-12-31 07171165 d:Non-currentFinancialInstruments 2022-12-31 07171165 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 07171165 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07171165 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 07171165 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 07171165 d:ShareCapital 2023-12-31 07171165 d:ShareCapital 2022-12-31 07171165 d:SharePremium 2023-12-31 07171165 d:SharePremium 2022-12-31 07171165 d:RevaluationReserve 2023-12-31 07171165 d:RevaluationReserve 2022-12-31 07171165 d:RetainedEarningsAccumulatedLosses 2023-12-31 07171165 d:RetainedEarningsAccumulatedLosses 2022-12-31 07171165 c:FRS102 2023-01-01 2023-12-31 07171165 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07171165 c:FullAccounts 2023-01-01 2023-12-31 07171165 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07171165 5 2023-01-01 2023-12-31 07171165 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 07171165 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 07171165 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 07171165 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 07171165 d:RetirementBenefitObligationsDeferredTax 2023-12-31 07171165 d:RetirementBenefitObligationsDeferredTax 2022-12-31 07171165 d:OtherDeferredTax 2023-12-31 07171165 d:OtherDeferredTax 2022-12-31 07171165 d:Goodwill d:OwnedIntangibleAssets 2023-01-01 2023-12-31 07171165 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 07171165







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


SUNBEAM PHOTOGRAPHIC LIMITED






































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SUNBEAM PHOTOGRAPHIC LIMITED
 


 
COMPANY INFORMATION


Directors
L Le Gaillard 
J Lombrail 




Registered number
07171165



Registered office
79 Barlby Road

London

W10 6AZ




Accountants
Menzies LLP
Chartered Accountants

Victoria House

50-58 Victoria Road

Farnborough

Hampshire

GU14 7PG





 


SUNBEAM PHOTOGRAPHIC LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 8


 


SUNBEAM PHOTOGRAPHIC LIMITED
REGISTERED NUMBER:07171165



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
1,875
2,125

Tangible assets
 5 
2,182,082
635,455

Investment property
 6 
8,325,000
8,325,000

  
10,508,957
8,962,580

Current assets
  

Stocks
  
64,834
-

Debtors: amounts falling due within one year
 7 
6,925,065
1,204,987

Cash at bank and in hand
  
16,443
530,062

  
7,006,342
1,735,049

Creditors: amounts falling due within one year
 8 
(3,225,787)
(2,002,492)

Net current assets/(liabilities)
  
 
 
3,780,555
 
 
(267,443)

Total assets less current liabilities
  
14,289,512
8,695,137

Creditors: amounts falling due after more than one year
 9 
(6,565,016)
(51,676)

Provisions for liabilities
  

Deferred tax
 10 
(1,162,635)
(1,252,457)

  
 
 
(1,162,635)
 
 
(1,252,457)

Net assets
  
6,561,861
7,391,004


Capital and reserves
  

Called up share capital 
  
1,500
1,500

Share premium account
  
999,500
999,500

Revaluation reserve
  
4,193,106
4,193,106

Profit and loss account
  
1,367,755
2,196,898

  
6,561,861
7,391,004


Page 1

 


SUNBEAM PHOTOGRAPHIC LIMITED
REGISTERED NUMBER:07171165


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
L Le Gaillard
Director

Date: 13 September 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


SUNBEAM PHOTOGRAPHIC LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Sunbeam Photographic Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office, which is also the principal place of business, is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentational currency
The Company's functional and presentational currency is GBP.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Intangible assets

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life of 20 years.

Page 3

 


SUNBEAM PHOTOGRAPHIC LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Improvements to property
-
20%
straight line
Plant and machinery
-
20%
straight line
Fixtures and fittings
-
20%
straight line
Office equipment
-
33%
straight line
Other fixed assets
-

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 


SUNBEAM PHOTOGRAPHIC LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 23 (2022 - 4).


4.


Intangible assets




Goodwill

£



Cost


At 1 January 2023
5,000



At 31 December 2023

5,000



Amortisation


At 1 January 2023
2,875


Charge for the year on owned assets
250



At 31 December 2023

3,125



Net book value



At 31 December 2023
1,875



At 31 December 2022
2,125



Page 5

 


SUNBEAM PHOTOGRAPHIC LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


5.


Tangible fixed assets






Improvements to property
Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
150,222
95,865
703,079
60,134
1,009,300


Additions
649,937
435,491
728,030
27,710
1,841,168


Disposals
(150,221)
(95,437)
(21,277)
(36,246)
(303,181)



At 31 December 2023

649,938
435,919
1,409,832
51,598
2,547,287



Depreciation


At 1 January 2023
150,222
94,048
81,889
47,686
373,845


Charge for the year on owned assets
10,478
36,054
235,217
12,792
294,541


Disposals
(150,221)
(95,437)
(21,277)
(36,246)
(303,181)



At 31 December 2023

10,479
34,665
295,829
24,232
365,205



Net book value



At 31 December 2023
639,459
401,254
1,114,003
27,366
2,182,082



At 31 December 2022
-
1,817
621,190
12,448
635,455




6.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
8,325,000



At 31 December 2023
8,325,000

The 2023 valuations were made by the directors, on an open market value for existing use basis.




Page 6

 


SUNBEAM PHOTOGRAPHIC LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Debtors

2023
2022
£
£


Trade debtors
227,458
5,331

Amounts owed by group undertakings
6,516,733
1,174,356

Amounts owed by joint ventures and associated undertakings
88,269
-

Other debtors
805
23,119

Prepayments and accrued income
91,800
2,181

6,925,065
1,204,987



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
19,064

Bank loans
370,000
20,000

Trade creditors
1,036,361
397,397

Corporation tax
-
313

Other taxation and social security
37,841
4,115

Other creditors
1,636,141
1,525,238

Accruals and deferred income
145,444
36,365

3,225,787
2,002,492


Included within other creditors due within one year are loans from Directors, amounting to £1,624,999 (2022 - £1,266,484). This loan is unsecured and interest free.


9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
6,565,016
51,676

6,565,016
51,676





The bank loan is secured via a fixed and floating charge over the property of the company.

Page 7

 


SUNBEAM PHOTOGRAPHIC LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Deferred taxation




2023


£






At beginning of year
(1,252,457)


Charged to profit or loss
89,822



At end of year
(1,162,635)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(320,602)
(32,000)

Tax losses carried forward
378,187
-

Pension surplus
428
191

Unrealised gain on property revaluation
(1,220,648)
(1,220,648)

(1,162,635)
(1,252,457)


11.


Prior year reclassification

During the year the directors have concluded that the reclassification of some expenses from the prior year between cost of sales and administration expenses results in the Statement of Profit and Loss providing a more faithful representation of the entity's financial performance. 
There has been no impact to the Statement of Financial Position or Statement of Profit and Loss other than reclassifcation of expenses between headings.

 
Page 8