Company registration number 02655818 (England and Wales)
SUNNFLAIR HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
SUNNFLAIR HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
SUNNFLAIR HOLDINGS LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
394,208
400,099
Investments
4
3
3
394,211
400,102
Current assets
Debtors
5
1,351,837
1,325,582
Cash at bank and in hand
45,696
48,341
1,397,533
1,373,923
Creditors: amounts falling due within one year
6
(252,250)
(367,582)
Net current assets
1,145,283
1,006,341
Total assets less current liabilities
1,539,494
1,406,443
Creditors: amounts falling due after more than one year
7
(124,422)
(134,737)
Net assets
1,415,072
1,271,706
Capital and reserves
Called up share capital
8
100,000
100,000
Profit and loss reserves
1,315,072
1,171,706
Total equity
1,415,072
1,271,706

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

SUNNFLAIR HOLDINGS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2024
30 September 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 18 June 2025 and are signed on its behalf by:
Mr R O Lawless
Director
Company registration number 02655818 (England and Wales)
SUNNFLAIR HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
1
Accounting policies
Company information

Sunnflair Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Coach House, Goodwood Avenue, Hutton, Brentwood, Essex, CM13 1QD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The financial statements contain information about Sunnflair Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company has taken the option under Section 399 (2A) of the Companies Act 2006 not to prepare consolidated financial statements.

1.2
Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold buildings
1% on cost
Freehold Improvements
10% on cost
1.3
Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

SUNNFLAIR HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 4 -
Basic financial assets

Basic financial assets, which include debtors and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
SUNNFLAIR HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 5 -
3
Tangible fixed assets
Freehold buildings
Freehold Improvements
Total
£
£
£
Cost
At 1 October 2023 and 30 September 2024
450,000
13,910
463,910
Depreciation and impairment
At 1 October 2023
63,000
811
63,811
Depreciation charged in the year
4,500
1,391
5,891
At 30 September 2024
67,500
2,202
69,702
Carrying amount
At 30 September 2024
382,500
11,708
394,208
At 30 September 2023
387,000
13,099
400,099

 

4
Fixed asset investments
2024
2023
£
£
Shares in subsidiaries
3
3

The valuation of £3, is stated after an impairment of £100,000. At cost investments in group are £100,003 (2023: £100,003).

5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
560,727
648,695
Other debtors
791,110
676,887
1,351,837
1,325,582
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,236
10,157
Trade creditors
14,776
10,054
Amounts owed to group undertakings
-
0
1
Taxation and social security
227,238
347,370
252,250
367,582
SUNNFLAIR HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
6
Creditors: amounts falling due within one year
(Continued)
- 6 -

Included in bank loans is an amount of £10,236 (2023: £10,157) which is secured by way of fixed charge against the freehold property.

7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
124,422
134,737

Included in bank loans is an amount of £124,422 (2023: £134,737) which is secured by way of fixed charge against the freehold property.

8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A ordinary shares of £1 each
5,000
5,000
5,000
5,000
B ordinary shares of £1 each
5,000
5,000
5,000
5,000
C ordinary shares of £1 each
70,000
70,000
70,000
70,000
D ordinary shares of £1 each
10,000
10,000
10,000
10,000
E ordinary shares of £1 each
10,000
10,000
10,000
10,000
100,000
100,000
100,000
100,000

Each share classes A and B has full rights to voting, dividends and participation.

 

Each share class C, D and E has no rights to voting, they have full rights to dividends.

 

All shares rank parri passu with respect to rights on capital distribution.

9
Operating lease commitments

[Further information as appropriate]

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
Total commitments
-
0
-
0
As lessor - operating leases

[Further information as appropriate]

SUNNFLAIR HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 7 -
10
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Other information

A Limited Liability Partnership in which the directors of Sunnflair Holdings Limited are designated partners, has an outstanding loan to the company amounting to £25,371 (2023: £26,108), which is included in other debtors.

 

Included within other debtors is a loan to a company shareholder of £10,311 (2023: £10,679). Interest is charged at 2.25%.

11
Directors' transactions

These loans are due from the directors to the company

Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Director
2.25
61,558
55,805
1,774
(22,000)
97,137
Director
2.25
424,139
51,121
9,884
(25,000)
460,144
485,697
106,926
11,658
(47,000)
557,281
12
Prior period restatement

There has also been a restatement of share capital to show that in the prior period, 20,000 Ordinary C shares of £1 each, were reclassified as 10,000 Ordinary D shares of £1 each and 10,000 Ordinary E shares of £1 each. There is no overall impact on the net asset position in the prior year.

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