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REGISTERED NUMBER: 04998752 (England and Wales)






Sunnybutton Limited

Financial Statements

for the Year Ended 31 March 2024






Sunnybutton Limited (Registered number: 04998752)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sunnybutton Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: Mr P A Dunford
Mrs S Pilmer





SECRETARY: Mrs S Pilmer





REGISTERED OFFICE: Ridingwood Farm
Upper Common Lane,
Clayton West
Huddersfield
West Yorkshire
HD8 9LN





REGISTERED NUMBER: 04998752 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

Sunnybutton Limited (Registered number: 04998752)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment property 4 1,495,000 1,495,000

CURRENT ASSETS
Stocks 669,550 669,550
Debtors 5 5,190 1,733
Cash at bank 70,592 67,708
745,332 738,991
CREDITORS
Amounts falling due within one year 6 43,554 160,219
NET CURRENT ASSETS 701,778 578,772
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,196,778

2,073,772

PROVISIONS FOR LIABILITIES 37,284 37,283
NET ASSETS 2,159,494 2,036,489

Sunnybutton Limited (Registered number: 04998752)

Balance Sheet - continued
31 March 2024

2024 2023
Notes £ £ £ £

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 2,159,492 2,036,487
SHAREHOLDERS' FUNDS 2,159,494 2,036,489

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.

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 30 October 2024 and were signed on its behalf by:





Mrs S Pilmer - Director


Sunnybutton Limited (Registered number: 04998752)

Notes to the Financial Statements
for the year ended 31 March 2024


1. STATUTORY INFORMATION

Sunnybutton 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 functional and presentation currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the amount receivable, in the ordinary course of business, from the management of properties.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Fair value has been determined by the directors having taken the appropriate professional advice and based on similar properties in the local area.

Stocks
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Upon completion of developments, land and buildings may remain in stock until the point at which the market conditions are right for sale.

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the balance sheet when and only when there exists a legally enforceable right to set off the recognised amounts and the company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when; a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or, c) the company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

Sunnybutton Limited (Registered number: 04998752)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


2. ACCOUNTING POLICIES - continued

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 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 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 NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,495,000
NET BOOK VALUE
At 31 March 2024 1,495,000
At 31 March 2023 1,495,000

The directors are of the opinion that the current carrying value of the investment properties are a fair reflection of the market value at the balance sheet date.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 700 -
Amounts owed by related undertakings 4,490 -
Prepayments and accrued income - 1,733
5,190 1,733

Sunnybutton Limited (Registered number: 04998752)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed to related undertakings - 130,000
Tax 40,979 27,749
Accruals and deferred income 2,575 2,470
43,554 160,219

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
2 Ordinary £1 2 2

8. RESERVES

Included within retained earnings at 31 March 2024 is an amount of £302,576 (2023: £302,576) which is non-distributable. This relates to the accumulated fair value adjustments, less the associated deferred tax, on the investment property held by the Company.