Sunshine S&P Ltd 12769222 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is that of property investment. Digita Accounts Production Advanced 6.30.9574.0 true 12769222 2023-08-01 2024-07-31 12769222 2024-07-31 12769222 core:CurrentFinancialInstruments 2024-07-31 12769222 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 12769222 bus:SmallEntities 2023-08-01 2024-07-31 12769222 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 12769222 bus:AbridgedAccounts 2023-08-01 2024-07-31 12769222 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12769222 bus:RegisteredOffice 2023-08-01 2024-07-31 12769222 bus:Director1 2023-08-01 2024-07-31 12769222 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12769222 core:PlantMachinery 2023-08-01 2024-07-31 12769222 countries:EnglandWales 2023-08-01 2024-07-31 12769222 2022-08-01 2023-07-31 12769222 2023-07-31 12769222 core:CurrentFinancialInstruments 2023-07-31 12769222 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 12769222

Sunshine S&P Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 July 2024

 

Sunshine S&P Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Sunshine S&P Ltd

Company Information

Director

Ms N L So

Registered office

1st Floor
44 Worship Street
London
EC2A 2EA

Accountants

Tan Lam Partnership
Chartered Certified Accountants
1st Floor, 44 Worship Street
London
EC2A 2EA

 

Sunshine S&P Ltd

(Registration number: 12769222)
Abridged Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

756

1,008

Investment property

65,000

125,000

 

65,756

126,008

Current assets

 

Debtors

-

358

Cash at bank and in hand

 

68,598

10,257

 

68,598

10,615

Creditors: Amounts falling due within one year

(111,648)

(109,775)

Net current liabilities

 

(43,050)

(99,160)

Total assets less current liabilities

 

22,706

26,848

Accruals and deferred income

 

(1,560)

(2,290)

Net assets

 

21,146

24,558

Capital and reserves

 

Called up share capital

1

1

Revaluation reserve

22,647

34,946

Retained earnings

(1,502)

(10,389)

Shareholders' funds

 

21,146

24,558

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

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 4 November 2024
 

 

Sunshine S&P Ltd

(Registration number: 12769222)
Abridged Balance Sheet as at 31 July 2024

.........................................
Ms N L So
Director

 

Sunshine S&P Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1st Floor
44 Worship Street
London
EC2A 2EA

These financial statements were authorised for issue by the director on 4 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expenses for the period comprises the current and deferred tax.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Sunshine S&P Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2024

Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise indicated.

A deferred tax liability or asset is recognised for the additional tax that will be paid or avoided in respect of assets and liabilities that are recognised in a business combination. The amount attributed to goodwill is adjusted by the amount of deferred tax recognised.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinary

25% on cost

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Sunshine S&P Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs.
Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between
the proceeds, net of transaction costs, and the amount due on redemption being recognised as a
charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest
payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer
settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).