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REGISTERED NUMBER: 07942448 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Sunshine Endeavours Ltd

Sunshine Endeavours Ltd (Registered number: 07942448)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sunshine Endeavours Ltd

Company Information
for the Year Ended 31st March 2024







DIRECTOR: Dr M Patel





REGISTERED OFFICE: 52 Lincoln Avenue
London
N14 7LH





REGISTERED NUMBER: 07942448 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

Sunshine Endeavours Ltd (Registered number: 07942448)

Balance Sheet
31st March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 3 333 444
Investment property 4 1,325,000 1,480,000
1,325,333 1,480,444

CURRENT ASSETS
Debtors 5 179,025 100,210
Investments 6 12,533 12,533
Cash at bank 27,369 65,782
218,927 178,525
CREDITORS
Amounts falling due within one year 7 (191,530 ) (161,600 )
NET CURRENT ASSETS 27,397 16,925
TOTAL ASSETS LESS CURRENT LIABILITIES 1,352,730 1,497,369

CREDITORS
Amounts falling due after more than one
year

8

(401,623

)

(592,871

)

PROVISIONS FOR LIABILITIES (86,714 ) (141,894 )
NET ASSETS 864,393 762,604

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 430,540 604,919
Retained earnings 433,753 157,585
864,393 762,604

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Sunshine Endeavours Ltd (Registered number: 07942448)

Balance Sheet - continued
31st March 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 director and authorised for issue on 25th March 2025 and were signed by:





Dr M Patel - Director


Sunshine Endeavours Ltd (Registered number: 07942448)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. 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.

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 etc - 25% 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Sunshine Endeavours Ltd (Registered number: 07942448)

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

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 1,169
DEPRECIATION
At 1st April 2023 725
Charge for year 111
At 31st March 2024 836
NET BOOK VALUE
At 31st March 2024 333
At 31st March 2023 444

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023 1,480,000
Disposals (155,000 )
At 31st March 2024 1,325,000
NET BOOK VALUE
At 31st March 2024 1,325,000
At 31st March 2023 1,480,000

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2018 207,933
Valuation in 2021 78,880
Valuation in 2022 244,900
Valuation in 2023 215,100
Cost 578,187
1,325,000

The director has not revalued the properties this year, as he is of the opinion that the value in the Balance Sheet is consistent with the market value at the Balance Sheet date.

Sunshine Endeavours Ltd (Registered number: 07942448)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 37,821 38,000
Other debtors 141,204 62,210
179,025 100,210

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Other 12,533 12,533

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,000 5,000
Taxation and social security 623 (21,133 )
Other creditors 185,907 177,733
191,530 161,600

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 6,818 12,273
Other creditors 394,805 580,598
401,623 592,871

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgages 394,804 580,598

10. RESERVES
Revaluation
reserve
£   
At 1st April 2023 604,919
Transfer (174,379 )

At 31st March 2024 430,540

Sunshine Endeavours Ltd (Registered number: 07942448)

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

11. ADJUSTMENTS TO 2023 ACCOUNTS

An adjustment has been made in the 2023 accounts which has been reflected in the comparative figures in these accounts. The director feels that the adjustment is not material and has not re-filed the 2023 accounts at Companies House. The adjustment is an increase to profits of £30,780.