Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-312025-05-161truetrue2023-11-01falseNo description of principal activity1falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12157682 2023-11-01 2024-10-31 12157682 2022-11-01 2023-10-31 12157682 2024-10-31 12157682 2023-10-31 12157682 c:Director1 2023-11-01 2024-10-31 12157682 d:CurrentFinancialInstruments 2024-10-31 12157682 d:CurrentFinancialInstruments 2023-10-31 12157682 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 12157682 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 12157682 d:ShareCapital 2024-10-31 12157682 d:ShareCapital 2023-10-31 12157682 d:RetainedEarningsAccumulatedLosses 2024-10-31 12157682 d:RetainedEarningsAccumulatedLosses 2023-10-31 12157682 c:OrdinaryShareClass1 2023-11-01 2024-10-31 12157682 c:FRS102 2023-11-01 2024-10-31 12157682 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12157682 c:FullAccounts 2023-11-01 2024-10-31 12157682 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12157682 2 2023-11-01 2024-10-31 12157682 6 2023-11-01 2024-10-31 12157682 e:PoundSterling 2023-11-01 2024-10-31 12157682 d:EntityControlledByKeyManagementPersonnel1 2023-11-01 2024-10-31 12157682 d:EntityControlledByKeyManagementPersonnel1 2024-10-31 12157682 d:EntityControlledByKeyManagementPersonnel2 2023-11-01 2024-10-31 12157682 d:EntityControlledByKeyManagementPersonnel2 2024-10-31 iso4217:GBP xbrli:pure

Registered number: 12157682









SUNNY ASSET MANAGEMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 OCTOBER 2024

 
SUNNY ASSET MANAGEMENT LIMITED
REGISTERED NUMBER: 12157682

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024


2024

2023
Note
£
£
£
£

Fixed assets
  

Investments
 4 
400
400

  
400
400

Current assets
  

Stocks
 5 
262,312
247,280

Debtors
 6 
5,901,045
1,396,880

Cash at bank and in hand
 7 
1,141
579

  
6,164,498
1,644,739

Creditors: amounts falling due within one year
 8 
(5,901,585)
(1,397,420)

Net current assets
  
 
 
262,913
 
 
247,319

Total assets less current liabilities
  
263,313
247,719

  

Net assets
  
263,313
247,719


Capital and reserves
  

Called up share capital 
 9 
200
200

Profit and loss account
  
263,113
247,519

  
263,313
247,719


Page 1

 
SUNNY ASSET MANAGEMENT LIMITED
REGISTERED NUMBER: 12157682
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 May 2025.




V Kakkar
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SUNNY ASSET MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Sunny Asset Management Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 11th Floor, The Mille, 1000 Great West Road, Brentford, TW8 9DW.
The company is a holding company, and specialises in the purchase and sale of shares.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period.

Page 3

 
SUNNY ASSET MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Statement of comprehensive income.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


At 1 November 2023
400



At 31 October 2024
400




Page 4

 
SUNNY ASSET MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

5.


Stocks

2024
2023
£
£

Other stocks
262,312
247,280

262,312
247,280



6.


Debtors

2024
2023
£
£



Amounts owed by group undertakings
5,900,745
1,396,580

Other debtors
300
300

5,901,045
1,396,880



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,141
579

1,141
579



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
5,217,353
1,048,820

Other creditors
684,232
348,600

5,901,585
1,397,420


Page 5

 
SUNNY ASSET MANAGEMENT LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



200 Ordinary shares of £1 each
200
200



10.


Related party transactions

The company has adopted the exemption permitted by Financial Reporting Standard 102, not to disclose any transactions with any wholly owned members of the group.
 
Included within other creditors is an amount of £683,632 (2023 - £348,000) owed to a company with a common director.
 
Included within other creditors is an amount of £600 (2023 - £600) owed to the director.


11.


Controlling party

The company is controlled by the director by virtue of his 100% shareholding.

 
Page 6