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Company No: 08602870 (England and Wales)

SUNNINGDALE TORBAY LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

SUNNINGDALE TORBAY LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

SUNNINGDALE TORBAY LIMITED

BALANCE SHEET

As at 31 March 2024
SUNNINGDALE TORBAY LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 662 882
Tangible assets 4 1,027,630 1,037,345
1,028,292 1,038,227
Current assets
Debtors 5 122,123 5,511
Cash at bank and in hand 155,889 160,297
278,012 165,808
Creditors: amounts falling due within one year 6 ( 109,345) ( 280,369)
Net current assets/(liabilities) 168,667 (114,561)
Total assets less current liabilities 1,196,959 923,666
Creditors: amounts falling due after more than one year 7 ( 374,221) ( 204,520)
Provision for liabilities ( 10,411) ( 12,841)
Net assets 812,327 706,305
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 812,227 706,205
Total shareholders' funds 812,327 706,305

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Sunningdale Torbay Limited (registered number: 08602870) were approved and authorised for issue by the Board of Directors on 31 December 2024. They were signed on its behalf by:

Mr N A Carr
Director
SUNNINGDALE TORBAY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
SUNNINGDALE TORBAY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Sunningdale Torbay Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised as the services are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Website costs 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Vehicles 25 % reducing balance
Fixtures and fittings 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

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.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

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

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 1 1

3. Intangible assets

Goodwill Website costs Total
£ £ £
Cost
At 01 April 2023 1,000 2,202 3,202
At 31 March 2024 1,000 2,202 3,202
Accumulated amortisation
At 01 April 2023 1,000 1,320 2,320
Charge for the financial year 0 220 220
At 31 March 2024 1,000 1,540 2,540
Net book value
At 31 March 2024 0 662 662
At 31 March 2023 0 882 882

4. Tangible assets

Land and buildings Vehicles Fixtures and fittings Total
£ £ £ £
Cost
At 01 April 2023 985,984 61,626 47,221 1,094,831
Additions 0 0 1,258 1,258
At 31 March 2024 985,984 61,626 48,479 1,096,089
Accumulated depreciation
At 01 April 2023 0 30,889 26,597 57,486
Charge for the financial year 0 7,685 3,288 10,973
At 31 March 2024 0 38,574 29,885 68,459
Net book value
At 31 March 2024 985,984 23,052 18,594 1,027,630
At 31 March 2023 985,984 30,737 20,624 1,037,345

5. Debtors

2024 2023
£ £
Trade debtors 8,660 2,250
Amounts owed by directors 84,442 2,712
Prepayments 522 549
Other debtors 28,499 0
122,123 5,511

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans (secured) 39,328 231,299
Accruals 3,844 2,900
Taxation and social security 66,173 46,170
109,345 280,369

Bank loans are secured upon assets owned by the company and as recognised within Fixed assets.

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 374,221 204,520

Bank loans are secured upon assets owned by the company and as recognised within Fixed assets.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

9. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Opening balance (2,712) 110,030
Receipts 59,600 6,008
Payments (141,330) (118,750)
Closing balance (84,442) (2,712)