Registered number
01599098
Sunset Property Management Ltd
Filleted Accounts
31 March 2024
Sunset Property Management Ltd
Registered number: 01599098
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 165 310
Cash at bank and in hand 5,053 8,304
5,218 8,614
Creditors: amounts falling due within one year 4 (534) (488)
Net current assets 4,684 8,126
Net assets 4,684 8,126
Capital and reserves
Called up share capital 9 9
Profit and loss account 4,675 8,117
Shareholders' funds 4,684 8,126
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G J Leadbeater
Director
Approved by the board on 21 November 2024
Sunset Property Management Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represents revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2024 2023
£ £
Unpaid service charges 165 110
Other debtors - 200
165 310
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 10 2
Accountancy accrual 510 486
Other creditors 14 -
534 488
5 Other information
Sunset Property Management Ltd is a private company limited by shares and incorporated in England. Its registered office is:
56 Rockbourne Avenue
Liverpool
L25 4TL
Sunset Property Management Ltd 01599098 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 G J Leadbeater No description of principal activity 01599098 2022-04-01 2023-03-31 01599098 core:WithinOneYear 2023-03-31 01599098 core:ShareCapital 2023-03-31 01599098 core:RetainedEarningsAccumulatedLosses 2023-03-31 01599098 2023-04-01 2024-03-31 01599098 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01599098 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01599098 bus:Director40 2023-04-01 2024-03-31 01599098 1 2023-04-01 2024-03-31 01599098 2 2023-04-01 2024-03-31 01599098 countries:England 2023-04-01 2024-03-31 01599098 bus:FRS102 2023-04-01 2024-03-31 01599098 bus:FilletedAccounts 2023-04-01 2024-03-31 01599098 2024-03-31 01599098 core:WithinOneYear 2024-03-31 01599098 core:ShareCapital 2024-03-31 01599098 core:RetainedEarningsAccumulatedLosses 2024-03-31 01599098 2023-03-31 iso4217:GBP xbrli:pure