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REGISTERED NUMBER: 14997520 (England and Wales)













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: A S Levinson





REGISTERED OFFICE: Second Floor
34 Lime Street
London
EC3M 7AT





REGISTERED NUMBER: 14997520 (England and Wales)





ACCOUNTANTS: Sampson West Chartered Accountants
Second Floor
34 Lime Street
London
EC3M 7AT

SUN EUROPEAN LIMITED (REGISTERED NUMBER: 14997520)

BALANCE SHEET
31 MARCH 2024

Notes £
CURRENT ASSETS
Debtors 4 532,237
Cash at bank 22,608
554,845
CREDITORS
Amounts falling due within one year 5 522,128
NET CURRENT ASSETS 32,717
TOTAL ASSETS LESS CURRENT LIABILITIES 32,717

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 32,617
32,717

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

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.

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 director and authorised for issue on 21 October 2024 and were signed by:





A S Levinson - Director


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 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

Going concern
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.

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 2 .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Other debtors 532,237

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 3,918
Amounts owed to group undertakings 392,810
Taxation and social security 10,000
Other creditors 115,400
522,128

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.