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REGISTERED NUMBER: 07034238 (England and Wales)















Sunningdale Developments East Anglia
Limited

Unaudited Financial Statements for the Year Ended 31 March 2024






Sunningdale Developments East Anglia
Limited (Registered number: 07034238)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Sunningdale Developments East Anglia
Limited

Company Information
for the Year Ended 31 March 2024







Directors: J A Collen
L J Gage





Registered office: Caldecott Hall
Beccles Road
Fritton
Norfolk
NR31 9EY





Registered number: 07034238 (England and Wales)





Accountants: Fairhead Bradford
5 Queen Street
Great Yarmouth
Norfolk
NR30 2QP

Sunningdale Developments East Anglia
Limited (Registered number: 07034238)

Statement of Financial Position
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 5,815 7,753

Current assets
Stocks 675,000 511,079
Debtors 5 42,867 46,186
Cash at bank 2,943 15,310
720,810 572,575
Creditors
Amounts falling due within one year 6 784,280 569,257
Net current (liabilities)/assets (63,470 ) 3,318
Total assets less current liabilities (57,655 ) 11,071

Provisions for liabilities - 1,025
Net (liabilities)/assets (57,655 ) 10,046

Capital and reserves
Called up share capital 2 2
Retained earnings (57,657 ) 10,044
Shareholders' funds (57,655 ) 10,046

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

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

The directors acknowledge their 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.

Sunningdale Developments East Anglia
Limited (Registered number: 07034238)

Statement of Financial Position - continued
31 March 2024


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 Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by:




L J Gage - Director



J A Collen - Director


Sunningdale Developments East Anglia
Limited (Registered number: 07034238)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. Statutory information

Sunningdale Developments East Anglia 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
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.

Going concern
The directors consider in preparing these financial statements they have taken into account all of the information that could reasonably be expected to be available. On this basis they consider that it is appropriate to prepare the financial statements on a going concern basis despite the company having net liabilities as at 31 March 2024 of £57,655. The validity of the going concern basis is dependant on the continued support of the directors' of the company who as at 31 March 2024 had loaned the company £628,275 and have agreed not to draw on these loans if to do so would prevent the company from meeting its day to day liabilities as they fell due.

If the going concern basis proved to be inappropriate, adjustments would have to be made to the financial statements to re-value fixed assets and current assets to their recoverable amounts, to provide for any additional liabilities and to re-classify fixed assets and long term liabilities as current assets and liabilities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tools and equipment - at variable rates on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Taxation
Taxation for the year 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 statement of financial position date.


Sunningdale Developments East Anglia
Limited (Registered number: 07034238)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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 year was 2 (2023 - 2 ) .

4. Tangible fixed assets
Tools and
equipment
£   
Cost
At 1 April 2023
and 31 March 2024 19,016
Depreciation
At 1 April 2023 11,263
Charge for year 1,938
At 31 March 2024 13,201
Net book value
At 31 March 2024 5,815
At 31 March 2023 7,753

5. Debtors: amounts falling due within one year
31/3/24 31/3/23
£    £   
Trade debtors 292 292
Amounts owed by associates 42,202 42,702
Other debtors 373 3,192
42,867 46,186

6. Creditors: amounts falling due within one year
31/3/24 31/3/23
£    £   
Trade creditors 4,977 12,670
Amounts owed to associates 149,818 82,102
Other creditors 629,485 474,485
784,280 569,257