Acorah Software Products - Accounts Production 16.3.350 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 SC179830 Ms Sarah-Jane Elsner Mr John Alexander Stirling Mr John Alexander Stirling iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC179830 2023-08-31 SC179830 2024-08-31 SC179830 2023-09-01 2024-08-31 SC179830 frs-core:CurrentFinancialInstruments 2024-08-31 SC179830 frs-core:Non-currentFinancialInstruments 2024-08-31 SC179830 frs-core:InvestmentPropertyIncludedWithinPPE 2024-08-31 SC179830 frs-core:InvestmentPropertyIncludedWithinPPE 2023-09-01 2024-08-31 SC179830 frs-core:InvestmentPropertyIncludedWithinPPE 2023-08-31 SC179830 frs-core:ShareCapital 2024-08-31 SC179830 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 SC179830 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC179830 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 SC179830 frs-bus:SmallEntities 2023-09-01 2024-08-31 SC179830 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 SC179830 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 SC179830 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-08-31 SC179830 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-08-31 SC179830 frs-bus:Director1 2023-09-01 2024-08-31 SC179830 frs-bus:Director2 2023-09-01 2024-08-31 SC179830 frs-bus:CompanySecretary1 2023-09-01 2024-08-31 SC179830 frs-countries:Scotland 2023-09-01 2024-08-31 SC179830 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-08-31 SC179830 2022-08-31 SC179830 2023-08-31 SC179830 2022-09-01 2023-08-31 SC179830 frs-core:CurrentFinancialInstruments 2023-08-31 SC179830 frs-core:Non-currentFinancialInstruments 2023-08-31 SC179830 frs-core:ShareCapital 2023-08-31 SC179830 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 SC179830 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-08-31
Registered number: SC179830
Sunrise Property Services Limited
Financial Statements
For The Year Ended 31 August 2024
Arthur Garty & Co. Ltd.
161 Albert Street
Dundee
Tayside
DD4 6PX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC179830
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,923,850 2,098,250
1,923,850 2,098,250
CURRENT ASSETS
Debtors 5 1,944 2,085
Cash at bank and in hand 3,030 38
4,974 2,123
Creditors: Amounts Falling Due Within One Year 6 (422,418 ) (484,951 )
NET CURRENT ASSETS (LIABILITIES) (417,444 ) (482,828 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,506,406 1,615,422
Creditors: Amounts Falling Due After More Than One Year 7 (232,306 ) (306,016 )
NET ASSETS 1,274,100 1,309,406
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 999,981 1,116,385
Profit and Loss Account 274,019 192,921
SHAREHOLDERS' FUNDS 1,274,100 1,309,406
Page 1
Page 2
For the year ending 31 August 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr John Alexander Stirling
Director
8th May 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sunrise Property Services Limited is a private company, limited by shares, incorporated in Scotland, registered number SC179830 . The registered office is Arbikie, Inverkeilor, Arbroath, Angus, DD11 4UZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents rental income receivable.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 September 2023 2,098,250
Disposals (57,996 )
Revaluation (116,404 )
As at 31 August 2024 1,923,850
Net Book Value
As at 31 August 2024 1,923,850
As at 1 September 2023 2,098,250
Page 3
Page 4
Cost or valuation as at 31 August 2024 represented by:
Investment Properties
£
At valuation 1,923,850
1,923,850
The properties were revalued by the diretcor Mr John Stirling on 31st August 2023. If the investment properties had not been revalued they would have been included at an historical cost of £923,869 (2023 - £981,865). 
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 10
Other debtors 1,944 2,075
1,944 2,085
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,970 4,184
Bank loans and overdrafts 70,512 85,369
Other creditors 336,944 391,870
Taxation and social security 12,992 3,528
422,418 484,951
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 232,306 306,016
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans - 6,374
Page 4
Page 5
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 288,243 391,385
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Reserves
Fair Value Reserve
£
As at 1 September 2023 1,116,385
Movements in fair value reserve (116,404)
As at 31 August 2024 999,981
Page 5