5 false false false false true false false false false false false true false false false false false false No description of principal activity 2023-12-01 Sage Accounts Production Advanced 2024 - FRS102_2024 50,205 200 50,405 49,473 686 50,159 246 732 xbrli:pure xbrli:shares iso4217:GBP 01783754 2023-12-01 2024-11-30 01783754 2024-11-30 01783754 2023-11-30 01783754 2022-12-01 2023-11-30 01783754 2023-11-30 01783754 2022-11-30 01783754 core:Subsidiary1 2023-12-01 2024-11-30 01783754 bus:Director1 2023-12-01 2024-11-30 01783754 core:PatentsTrademarksLicencesConcessionsSimilar 2023-11-30 01783754 core:PatentsTrademarksLicencesConcessionsSimilar 2024-11-30 01783754 core:PlantMachinery 2023-11-30 01783754 core:FurnitureFittings 2023-11-30 01783754 core:PlantMachinery 2024-11-30 01783754 core:FurnitureFittings 2024-11-30 01783754 core:PatentsTrademarksLicencesConcessionsSimilar 2023-12-01 2024-11-30 01783754 core:WithinOneYear 2024-11-30 01783754 core:WithinOneYear 2023-11-30 01783754 core:ShareCapital 2024-11-30 01783754 core:ShareCapital 2023-11-30 01783754 core:CapitalRedemptionReserve 2024-11-30 01783754 core:CapitalRedemptionReserve 2023-11-30 01783754 core:RetainedEarningsAccumulatedLosses 2024-11-30 01783754 core:RetainedEarningsAccumulatedLosses 2023-11-30 01783754 core:PlantMachinery 2023-12-01 2024-11-30 01783754 core:FurnitureFittings 2023-12-01 2024-11-30 01783754 core:PatentsTrademarksLicencesConcessionsSimilar 2023-11-30 01783754 core:CostValuation core:Non-currentFinancialInstruments 2023-11-30 01783754 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-11-30 01783754 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-11-30 01783754 core:CostValuation core:Non-currentFinancialInstruments 2024-11-30 01783754 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2024-11-30 01783754 core:Non-currentFinancialInstruments 2023-11-30 01783754 core:FurnitureFittings 2023-11-30 01783754 bus:SmallEntities 2023-12-01 2024-11-30 01783754 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 01783754 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 01783754 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 01783754 bus:FullAccounts 2023-12-01 2024-11-30
COMPANY REGISTRATION NUMBER: 01783754
SUNDRIDGE HOLDINGS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 November 2024
SUNDRIDGE HOLDINGS LIMITED
STATEMENT OF FINANCIAL POSITION
30 November 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
246
732
Tangible assets
6
1,866
2,897
Investments
7
120,771
-------
----------
2,112
124,400
Current assets
Stocks
53,747
109,013
Debtors
8
191,955
110,070
Investments
9
1,036
3,569
Cash at bank and in hand
898,434
667,514
------------
----------
1,145,172
890,166
Creditors: amounts falling due within one year
10
216,606
221,030
------------
----------
Net current assets
928,566
669,136
----------
----------
Total assets less current liabilities
930,678
793,536
----------
----------
Net assets
930,678
793,536
----------
----------
Capital and reserves
Called up share capital
13,600
13,600
Capital redemption reserve
11
430,373
430,373
Profit and loss account
11
486,705
349,563
----------
----------
Shareholders funds
930,678
793,536
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SUNDRIDGE HOLDINGS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 November 2024
These financial statements were approved by the board of directors and authorised for issue on 24 April 2025 , and are signed on behalf of the board by:
J E Carroll
Director
Company registration number: 01783754
SUNDRIDGE HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Vicarage Lane, Hoo, Rochester, Kent, ME3 9LW, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through the income statement.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Patents and trademarks
-
5 years straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
5 years straight line
Fixtures and fittings
-
5 years straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Debtors
Debtors are initially recorded at fair value and are assessed for impairment at each year end date. If any impairments exist the debtors are re-measured to the present value of the expected future cash inflows.
Creditors
Creditors are initially recorded at fair value and are then re-measured to the present value of the expected future cash outflows.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2023: 4 ).
5. Intangible assets
Patents and trademarks
£
Cost
At 1 December 2023
50,205
Additions
Additions from internal developments
200
--------
At 30 November 2024
50,405
--------
Amortisation
At 1 December 2023
49,473
Charge for the year
686
--------
At 30 November 2024
50,159
--------
Carrying amount
At 30 November 2024
246
--------
At 30 November 2023
732
--------
6. Tangible assets
Plant and machinery
Fixtures and fittings
Total
£
£
£
Valuation
At 1 December 2023 and 30 November 2024
6,349
13,009
19,358
-------
--------
--------
Depreciation
At 1 December 2023
6,349
10,112
16,461
Charge for the year
1,031
1,031
-------
--------
--------
At 30 November 2024
6,349
11,143
17,492
-------
--------
--------
Carrying amount
At 30 November 2024
1,866
1,866
-------
--------
--------
At 30 November 2023
2,897
2,897
-------
--------
--------
7. Investments
Shares in group undertakings
Listed investments
Total
£
£
£
Cost
At 1 December 2023
1,587,500
120,771
1,708,271
Additions
10,729
10,729
Revaluations
( 131,500)
( 131,500)
------------
----------
------------
At 30 November 2024
1,587,500
1,587,500
------------
----------
------------
Impairment
At 1 December 2023 and 30 November 2024
1,587,500
1,587,500
------------
----------
------------
Carrying amount
At 30 November 2024
------------
----------
------------
At 30 November 2023
120,771
120,771
------------
----------
------------
Subsidiaries, associates and other investments
Class of share
Percentage of shares held
Subsidiary undertakings
Sundridge Tackle Limited
Ordinary
99.99
8. Debtors
2024
2023
£
£
Trade debtors
63,649
7,351
Other debtors
128,306
102,719
----------
----------
191,955
110,070
----------
----------
9. Investments
2024
2023
£
£
Other investments
1,036
3,569
-------
-------
10. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
135,206
136,063
Social security and other taxes
1,277
4,859
Other creditors
80,123
80,108
----------
----------
216,606
221,030
----------
----------
11. Reserves
Capital redemption reserve - This reserve records the nominal value of shares repurchased by the company. Profit and loss account - This reserve records retained earnings and accumulated losses.