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COMPANY REGISTRATION NUMBER: 07956386
Alba Sunrise Limited
Filleted Unaudited Financial Statements
28 February 2025
Alba Sunrise Limited
Financial Statements
Year ended 28 February 2025
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Alba Sunrise Limited
Statement of Financial Position
28 February 2025
2025
2024
Note
£
£
£
£
Fixed assets
Tangible assets
5
190,000
250,000
Investments
6
1
1
---------
---------
190,001
250,001
Current assets
Debtors
7
24,053
Cash at bank and in hand
28,429
69,628
--------
--------
52,482
69,628
Creditors: amounts falling due within one year
8
6,345
31,766
--------
--------
Net current assets
46,137
37,862
---------
---------
Total assets less current liabilities
236,138
287,863
Creditors: amounts falling due after more than one year
9
167,888
167,888
Provisions
Taxation including deferred tax
8,060
22,669
---------
---------
Net assets
60,190
97,306
---------
---------
Capital and reserves
Called up share capital
10
10
10
Profit and loss account
60,180
97,296
--------
--------
Shareholders funds
60,190
97,306
--------
--------
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 income and retained earnings has not been delivered.
For the year ending 28 February 2025 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 .
Alba Sunrise Limited
Statement of Financial Position (continued)
28 February 2025
These financial statements were approved by the board of directors and authorised for issue on 15 July 2025 , and are signed on behalf of the board by:
Mr J E Purdie
Director
Company registration number: 07956386
Alba Sunrise Limited
Notes to the Financial Statements
Year ended 28 February 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW. Alba Sunrise Limited is a business to business company and does not deal with individuals. Additionally, it does not rent villas.
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 and investment properties measured at fair value through profit or loss.
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.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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:
Equipment
-
25% straight line
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property, which is property held to earn rentals and/or for capital appreciation, is measured using the fair value model and stated at its fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account. Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Average number of employees
During the year the average number of employees was 2 (2024 - 2).
5. Tangible assets
Investment Property
Equipment
Total
£
£
£
Cost or valuation
At 1 March 2024
250,000
1,859
251,859
Revaluations
( 60,000)
( 60,000)
---------
-------
---------
At 28 February 2025
190,000
1,859
191,859
---------
-------
---------
Depreciation
At 1 March 2024 and 28 February 2025
1,859
1,859
---------
-------
---------
Carrying amount
At 28 February 2025
190,000
190,000
---------
-------
---------
At 29 February 2024
250,000
250,000
---------
-------
---------
The directors have valued the investment property at its open market value as at 28 February 2025. The historical cost of the investment property is £145,632.
6. Investments
Shares in group undertakings
£
Cost
At 1 March 2024 and 28 February 2025
1
----
Impairment
At 1 March 2024 and 28 February 2025
----
Carrying amount
At 28 February 2025
1
----
At 29 February 2024
1
----
The company has investments in the following subsidiary undertakings, which are incorporated in England and Wales at the registered office, 146 New London Road, Chelmsford, Essex, CM2 0AW.
Sunrise Research Limited
7. Debtors
2025
2024
£
£
Amounts owed by group undertakings
24,053
--------
----
8. Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
25,946
Accruals and deferred income
2,645
2,555
Director loan accounts
3,700
3,265
-------
--------
6,345
31,766
-------
--------
9. Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
167,888
167,888
---------
---------
The bank loan is secured by a legal charge over the freehold investment property included in the accounts.
10. Called up share capital
Issued, called up and fully paid
2025
2024
No.
£
No.
£
Ordinary shares of £ 1 each
10
10
10
10
----
----
----
----
11. Related party transactions
At the year end date the company owed the director £3,700 (2024 - £3,265) by way of a directors loan account. No interest has been charged on this loan. The company has taken advantage of the exemption conferred by Section 33 of FRS 102 by not disclosing transactions with wholly owned group companies.