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REGISTERED NUMBER: 13343455 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

SUN PROPERTY SPAIN LIMITED

SUN PROPERTY SPAIN LIMITED (REGISTERED NUMBER: 13343455)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SUN PROPERTY SPAIN LIMITED

COMPANY INFORMATION
for the Year Ended 30 APRIL 2024







DIRECTOR: P P Mulcrone





REGISTERED OFFICE: 61 Bridge Street
Kington
Hertfordshire
HR5 3DJ





REGISTERED NUMBER: 13343455 (England and Wales)





ACCOUNTANTS: O'Sullivan & Co
Chartered Certified Accountants
The Paddocks
Ashburnham Drive
Walters Ash
Buckinghamshire
HP14 4UD

SUN PROPERTY SPAIN LIMITED (REGISTERED NUMBER: 13343455)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,590 4,308
Investment property 5 106,847 72,047
110,437 76,355

CURRENT ASSETS
Debtors 6 1,567 870
Cash at bank 317 296
1,884 1,166
NET CURRENT ASSETS 1,884 1,166
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,321

77,521

PROVISIONS FOR LIABILITIES 6,611 -
NET ASSETS 105,710 77,521

CAPITAL AND RESERVES
Called up share capital 52 52
Share premium 77,469 77,469
Revaluation reserve 7 28,186 -
Retained earnings 3 -
105,710 77,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

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 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.

SUN PROPERTY SPAIN LIMITED (REGISTERED NUMBER: 13343455)

BALANCE SHEET - continued
30 APRIL 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 25 April 2025 and were signed by:





P P Mulcrone - Director


SUN PROPERTY SPAIN LIMITED (REGISTERED NUMBER: 13343455)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 APRIL 2024


1. STATUTORY INFORMATION

Sun Property Spain 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.

The company acts as trustee in respect of service charge monies collected for the maintenance of the investment property held by the company and reimbursed by the shareholders. In accordance with the latest accounting guidelines, the company excludes these funds and transactions from its financial statements as separate service charge accounts are prepared.

Tangible fixed assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class Depreciation method and rate
Fixtures & Fittings Straight line over 10 years

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.

SUN PROPERTY SPAIN LIMITED (REGISTERED NUMBER: 13343455)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 APRIL 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 5,384
DEPRECIATION
At 1 May 2023 1,076
Charge for year 718
At 30 April 2024 1,794
NET BOOK VALUE
At 30 April 2024 3,590
At 30 April 2023 4,308

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 72,047
Revaluations 34,800
At 30 April 2024 106,847
NET BOOK VALUE
At 30 April 2024 106,847
At 30 April 2023 72,047

The investment property is the freehold interest in Calle Mero 20 2A La Torre Golf Resort 30709 Torre Pacheco Murcia Spain.

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 34,800
Cost 72,047
106,847

SUN PROPERTY SPAIN LIMITED (REGISTERED NUMBER: 13343455)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 APRIL 2024


5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 72,047 72,047

Investment property was valued on an open market basis on 30 April 2024 by the Director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 1,567 870

7. RESERVES
Revaluation
reserve
£   
Revaluations in year 28,186

At 30 April 2024 28,186