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REGISTERED NUMBER: 10354563 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

SHUNA HOMES AND PROPERTIES LIMITED

SHUNA HOMES AND PROPERTIES LIMITED (REGISTERED NUMBER: 10354563)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Report of the Directors 2

Report of the Accountants 3

Income Statement 4

Balance Sheet 5

Notes to the Financial Statements 6


SHUNA HOMES AND PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr R J Lourens
Mrs N Lourens





REGISTERED OFFICE: Ground Floor Marlborough House
298 Regents Park Road
N3 2SZ





REGISTERED NUMBER: 10354563 (England and Wales)





ACCOUNTANTS: Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ

SHUNA HOMES AND PROPERTIES LIMITED (REGISTERED NUMBER: 10354563)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

The directors present their report with the financial statements of the company for the year ended 30 September 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of investing.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report.

Mr R J Lourens
Mrs N Lourens

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs N Lourens - Director


22 July 2025

SHUNA HOMES AND PROPERTIES LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
SHUNA HOMES AND PROPERTIES LIMITED


In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.

You have acknowledged on the balance sheet as at year ended 30 September 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






Fusion Accountancy Limited
Marlborough House
298 Regents Park Road
London
N3 2SZ


22 July 2025

SHUNA HOMES AND PROPERTIES LIMITED (REGISTERED NUMBER: 10354563)

INCOME STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

30.9.24 30.9.23
£    £   

TURNOVER - -

Administrative expenses 1,857 (215 )
(1,857 ) 215

Other operating income 224 154
OPERATING (LOSS)/PROFIT (1,633 ) 369

Interest receivable and similar income - 27
(1,633 ) 396
Gain/loss on revaluation of investments 10,778 5,832
PROFIT BEFORE TAXATION 9,145 6,228

Tax on profit 3,156 -
PROFIT FOR THE FINANCIAL YEAR 5,989 6,228

SHUNA HOMES AND PROPERTIES LIMITED (REGISTERED NUMBER: 10354563)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Investments 4 48,428 47,836

CURRENT ASSETS
Cash at bank 154 1,589

CREDITORS
Amounts falling due within one year 5 114,101 124,089
NET CURRENT LIABILITIES (113,947 ) (122,500 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(65,519

)

(74,664

)

PROVISIONS FOR LIABILITIES 3,156 -
NET LIABILITIES (68,675 ) (74,664 )

CAPITAL AND RESERVES
Called up share capital 6 2 2
Revaluation reserve 7 13,454 5,832
Retained earnings 7 (82,131 ) (80,498 )
SHAREHOLDERS' FUNDS (68,675 ) (74,664 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2025 and were signed on its behalf by:





Mrs N Lourens - Director


SHUNA HOMES AND PROPERTIES LIMITED (REGISTERED NUMBER: 10354563)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Shuna Homes and Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern disclosure
The directors have formed a judgement at the time of approving the Annual Financial Statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

SHUNA HOMES AND PROPERTIES LIMITED (REGISTERED NUMBER: 10354563)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 October 2023 47,836
Additions 31,818
Disposals (42,004 )
Revaluations 10,778
At 30 September 2024 48,428
NET BOOK VALUE
At 30 September 2024 48,428
At 30 September 2023 47,836

Cost or valuation at 30 September 2024 is represented by:

Listed
investments
£   
Valuation in 2023 5,832
Valuation in 2024 10,778
Cost 31,818
48,428

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors - 38
Director's current account 114,101 124,051
114,101 124,089

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
2 Ordinary £1 2 2

7. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 October 2023 (80,498 ) 5,832 (74,666 )
Profit for the year 5,989 5,989
Revaluation reserve (7,622 ) 7,622 -
At 30 September 2024 (82,131 ) 13,454 (68,677 )

SHUNA HOMES AND PROPERTIES LIMITED (REGISTERED NUMBER: 10354563)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. RELATED PARTY DISCLOSURES

At the balance sheet date, included under creditors, is an amount of £114,101 (2023: £124,051) owed to the directors. This loan is interest free, unsecured and has no fixed terms for repayment.

The company is controlled by its directors by virtue of their shareholding.