REGISTERED NUMBER: |
SUN EUROPEAN LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 12 JULY 2023 TO 31 MARCH 2024 |
REGISTERED NUMBER: |
SUN EUROPEAN LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 12 JULY 2023 TO 31 MARCH 2024 |
SUN EUROPEAN LIMITED (REGISTERED NUMBER: 14997520) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 12 JULY 2023 TO 31 MARCH 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
SUN EUROPEAN LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 12 JULY 2023 TO 31 MARCH 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Second Floor |
34 Lime Street |
London |
EC3M 7AT |
SUN EUROPEAN LIMITED (REGISTERED NUMBER: 14997520) |
BALANCE SHEET |
31 MARCH 2024 |
Notes | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
The director acknowledges his 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 director and authorised for issue on |
SUN EUROPEAN LIMITED (REGISTERED NUMBER: 14997520) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 12 JULY 2023 TO 31 MARCH 2024 |
1. | STATUTORY INFORMATION |
Sun European Limited is a |
2. | ACCOUNTING POLICIES |
Going concern |
After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts. |
Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
Services provided but which had not been billed at the balance sheet date. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the firm and the revenue can be reliably measured. Revenue recognition in this manner is based on an assessment of the fair value of the services provided at the balance sheet date where there exists an agreed right to receive consideration for work undertaken. Accrued income is included in the financial statements as a current asset. Payments received on account of unbilled work are set off against accrued income in the balance sheet. |
Income which is billed for work to be carried out at a future date or in advance of providing other services, including operating leases, where a liability exists at the balance sheet date to fulfil specific future obligations, is treated as deferred income and included in current liabilities. |
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 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 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. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
SUN EUROPEAN LIMITED (REGISTERED NUMBER: 14997520) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 12 JULY 2023 TO 31 MARCH 2024 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
6. | RELATED PARTY DISCLOSURES |
Sun European Holdings Limited is identified as related party as the 100% shareholder of Sun European Limited. |
At the balance sheet date, amounts due to Sun European Holdings Limited amounted to £392,810. |
7. | ULTIMATE CONTROLLING PARTY |
Sun European Holdings Limited is under the joint control of Mr R Krouse and Mr M Leder. |