Registered Number:07572777 |
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
For the year ended 30 April 2024
Sund Investments Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Sund Investments Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
515
644
2
3
2,250,000
2,250,000
2,250,515
2,250,644
339,915
Cash and cash equivalents |
211,333
211,333
339,915
Trade and other payables: amounts falling due within one |
year |
(135,607)
(129,660)
5
204,308
81,673
Net current assets
Total assets less current liabilities |
2,332,188
2,454,952
Trade and other payables: amounts falling due after more |
than one year |
(1,276,954)
(1,077,718)
6
(86,480)
(86,480)
Provisions for liabilities |
1,167,990
Net assets
1,091,518
200
200
1,167,790
1,091,318
1,167,990
1,091,518
Shareholders' funds
For the year ended 30 April 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 07 January 2025 and were signed by: |
1 of 5
For the year ended 30 April 2024
Sund Investments Ltd
Statement of Financial Position Continued
The notes form part of these financial statements |
2 of 5
For the year ended 30 April 2024
Sund Investments Ltd
Notes to the Financial Statements
Statutory Information
Sund Investments Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 07572777. |
109 Dormers Wells Lane
Southall Middlesex
UB1 3JA
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover represents rents receivable and re-imbursement of insurance, ground rent and service charges.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and buildings
Computer equipment
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. |
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred. During the last year, CJRS has been claimed. |
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. |
3 of 5
For the year ended 30 April 2024
Sund Investments Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
1,663
1,663
Provision for depreciation and impairment |
1,019
Charge for year
129
1,148
515
644
2,250,000
2,250,000
2,250,000
2,250,000
4. Investments held as fixed assets |
5. Trade and other payables: amounts falling due within one year |
2023
2024
Taxation and social security |
36,904
42,264
92,756
93,343
129,660
135,607
4 of 5
For the year ended 30 April 2024
Sund Investments Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
Bank loans and overdraft (secured) |
937,534
960,632
140,184
316,322
1,077,718
1,276,954
7. Average number of persons employed |
During the year the average number of employees was 2 (2023 : 2)
5 of 5