REGISTERED NUMBER: |
Sunningdale Developments East Anglia |
Limited |
Unaudited Financial Statements for the Year Ended 31 March 2024 |
REGISTERED NUMBER: |
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: |
Registered office: |
Registered number: |
Accountants: |
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 |
Current assets |
Stocks |
Debtors | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 |
Net current (liabilities)/assets | ( |
) |
Total assets less current liabilities | ( |
) |
Provisions for liabilities |
Net (liabilities)/assets | ( |
) |
Capital and reserves |
Called up share capital |
Retained earnings | ( |
) |
Shareholders' funds | ( |
) |
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 were approved by the Board of Directors and authorised for issue on |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | Accounting policies |
Basis of preparing the financial statements |
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 |
Tools and equipment | - |
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 |
4. | Tangible fixed assets |
Tools and |
equipment |
£ |
Cost |
At 1 April 2023 |
and 31 March 2024 |
Depreciation |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
Net book value |
At 31 March 2024 |
At 31 March 2023 |
5. | Debtors: amounts falling due within one year |
31/3/24 | 31/3/23 |
£ | £ |
Trade debtors |
Amounts owed by associates |
Other debtors |
6. | Creditors: amounts falling due within one year |
31/3/24 | 31/3/23 |
£ | £ |
Trade creditors |
Amounts owed to associates | 149,818 | 82,102 |
Other creditors |