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REGISTERED NUMBER: 05892672 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Sunkia Limited

Sunkia Limited (Registered number: 05892672)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Sunkia Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr X G Sun
Mrs Q Zhang





SECRETARY: Mrs Q Zhang





REGISTERED OFFICE: 103 Manchester Road
Chorlton
Manchester
M21 9GA





REGISTERED NUMBER: 05892672 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Sunkia Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sunkia Limited for the year ended 31 August 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Sunkia Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sunkia Limited and state those matters that we have agreed to state to the Board of Directors of Sunkia Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sunkia Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sunkia Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sunkia Limited. You consider that Sunkia Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sunkia Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR


Date: .............................................

Sunkia Limited (Registered number: 05892672)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 15,000
Tangible assets 5 568 668
Investment property 6 630,000 450,000
630,568 465,668

CURRENT ASSETS
Debtors 7 128 101
Cash at bank and in hand 45,538 62,133
45,666 62,234
CREDITORS
Amounts falling due within one year 8 (443,330 ) (483,813 )
NET CURRENT LIABILITIES (397,664 ) (421,579 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

232,904

44,089

CREDITORS
Amounts falling due after more than one
year

9

(10,000

)

(10,000

)

PROVISIONS FOR LIABILITIES (44,975 ) (167 )
NET ASSETS 177,929 33,922

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 10 135,000 -
Retained earnings 10 42,927 33,920
177,929 33,922

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Sunkia Limited (Registered number: 05892672)

Balance Sheet - continued
31 August 2024


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 18 March 2025 and were signed on its behalf by:





Mrs Q Zhang - Director


Sunkia Limited (Registered number: 05892672)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Sunkia 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance

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.

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 2 (2023 - 2 ) .

Sunkia Limited (Registered number: 05892672)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023 15,000
Disposals (15,000 )
At 31 August 2024 -
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 15,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 September 2023
and 31 August 2024 10,000
DEPRECIATION
At 1 September 2023 9,332
Charge for year 100
At 31 August 2024 9,432
NET BOOK VALUE
At 31 August 2024 568
At 31 August 2023 668

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 450,000
Revaluations 180,000
At 31 August 2024 630,000
NET BOOK VALUE
At 31 August 2024 630,000
At 31 August 2023 450,000

Investment property was valued on an open market basis on 31st August 2024 by the Directors.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 128 101

Sunkia Limited (Registered number: 05892672)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 6,864 5,950
Other creditors - 93,807
Directors' current accounts 434,690 382,435
Accruals and deferred income 1,776 1,621
443,330 483,813

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 10,000 10,000

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 September 2023 33,920 - 33,920
Profit for the year 145,007 145,007
Dividends (1,000 ) (1,000 )
Revaluation of inv property (135,000 ) 135,000 -
At 31 August 2024 42,927 135,000 177,927

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Mr X G Sun
Balance outstanding at start of year (191,217 ) (189,046 )
Amounts repaid (26,128 ) (2,171 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (217,345 ) (191,217 )

Mrs Q Zhang
Balance outstanding at start of year (191,217 ) (189,046 )
Amounts repaid (26,128 ) (2,171 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (217,345 ) (191,217 )

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mr X G Sun.