REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED |
29TH NOVEMBER 2023 |
FOR |
SUNRISE BUSINESS PARK LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED |
29TH NOVEMBER 2023 |
FOR |
SUNRISE BUSINESS PARK LIMITED |
SUNRISE BUSINESS PARK LIMITED (REGISTERED NUMBER: 07854979) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29TH NOVEMBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
SUNRISE BUSINESS PARK LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 29TH NOVEMBER 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
10 Jesus Lane |
Cambridge |
Cambridgeshire |
CB5 8BA |
SUNRISE BUSINESS PARK LIMITED (REGISTERED NUMBER: 07854979) |
BALANCE SHEET |
29TH NOVEMBER 2023 |
2023 | 2022 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 10 |
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. |
SUNRISE BUSINESS PARK LIMITED (REGISTERED NUMBER: 07854979) |
BALANCE SHEET - continued |
29TH NOVEMBER 2023 |
The financial statements were approved by the Board of Directors and authorised for issue on |
SUNRISE BUSINESS PARK LIMITED (REGISTERED NUMBER: 07854979) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29TH NOVEMBER 2023 |
1. | STATUTORY INFORMATION |
Sunrise Business Park Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Sunrise Business Park Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Turnover |
Turnover represents invoiced rental income and management charges. |
Investments in subsidiaries |
Investment in subsidiaries are held at cost less impairment. |
Investment property |
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. |
Financial instruments |
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
SUNRISE BUSINESS PARK LIMITED (REGISTERED NUMBER: 07854979) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 29TH NOVEMBER 2023 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 30th November 2022 |
and 29th November 2023 |
NET BOOK VALUE |
At 29th November 2023 |
At 29th November 2022 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 30th November 2022 |
Additions |
At 29th November 2023 |
NET BOOK VALUE |
At 29th November 2023 |
At 29th November 2022 |
Fair value at 29th November 2023 is represented by: |
£ |
Valuation in 2018 | 567,500 |
Valuation in 2020 | 142,819 |
Valuation in 2022 | 1,367,281 |
Cost | 10,810,279 |
12,887,879 |
If Investment property had not been revalued it would have been included at the following historical cost: |
2023 | 2022 |
£ | £ |
Cost | 10,810,279 | 9,164,140 |
SUNRISE BUSINESS PARK LIMITED (REGISTERED NUMBER: 07854979) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 29TH NOVEMBER 2023 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
9. | PROVISIONS FOR LIABILITIES |
2023 | 2022 |
£ | £ |
Deferred tax | 519,400 | 134,961 |
Deferred |
tax |
£ |
Balance at 30th November 2022 |
Provided during year |
Balance at 29th November 2023 |
10. | CALLED UP SHARE CAPITAL |
Allotted and issued: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary A shares | £1 | 100 | 100 |
Ordinary B shares | £1 | 1 | 1 |
Ordinary C shares | £1 | 98 | 98 |
Ordinary D shares | £1 | 2 | 2 |
201 | 201 |
SUNRISE BUSINESS PARK LIMITED (REGISTERED NUMBER: 07854979) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 29TH NOVEMBER 2023 |
11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the years ended 29th November 2023 and 29th November 2022: |
2023 | 2022 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |