OLD SUN ESTATES LIMITED

Company Registration Number:
04642972 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

OLD SUN ESTATES LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

OLD SUN ESTATES LIMITED

Company Information

for the Period Ended 31 January 2024




Director: Ms L J Theobald
I E Pentecost LLB
Mrs D S Theobald
Registered office: 22-23
East Crescent Road
Gravesend
Kent
DA12 2AR
Company Registration Number: 04642972 (England and Wales)

OLD SUN ESTATES LIMITED

Balance sheet

As at 31 January 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 5,264,500 2,178,000
Total fixed assets: 5,264,500 2,178,000
Current assets
Debtors: 8,970 10,900
Cash at bank and in hand: 291,659 287,569
Total current assets: 300,629 298,469
Creditors: amounts falling due within one year: ( 56,167 ) ( 119,520 )
Net current assets (liabilities): 244,462 178,949
Total assets less current liabilities: 5,508,962 2,356,949
Provision for liabilities: ( 1,068,067 ) ( 156,957 )
Total net assets (liabilities): 4,440,895 2,199,992

The notes form part of these financial statements

OLD SUN ESTATES LIMITED

Balance sheet continued

As at 31 January 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 950 950
Revaluation reserve: 5 3,500,512 1,325,123
Profit and loss account: 939,433 873,919
Shareholders funds: 4,440,895 2,199,992

For the year ending 31 January 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 20 October 2024
And Signed On Behalf Of The Board By:

Name: Ms L J Theobald
Status: Director

The notes form part of these financial statements

OLD SUN ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

OLD SUN ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 0

OLD SUN ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 3. Off balance sheet disclosure

    No

OLD SUN ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Tangible Assets

Total
Cost £
At 01 February 2023 2,178,000
Additions -
Disposals -
Revaluations 3,086,500
Transfers -
At 31 January 2024 5,264,500
Depreciation
At 01 February 2023 -
Charge for year -
On disposals -
Other adjustments -
At 31 January 2024 -
Net book value
At 31 January 2024 5,264,500
At 31 January 2023 2,178,000

OLD SUN ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Revaluation reserve


2024
£
Balance at 01 February 2023 1,325,123
Surplus or deficit after revaluation 2,175,389
Balance at 31 January 2024 3,500,512

Investment properties were valued on an open market basis on 31 January 2024 by Barrett Corp & Harrington Ltd.