Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-31falsefalse2024-01-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity44truefalse 13692734 2024-01-01 2024-12-31 13692734 2023-01-01 2023-12-31 13692734 2024-12-31 13692734 2023-12-31 13692734 c:Director1 2024-01-01 2024-12-31 13692734 d:FreeholdInvestmentProperty 2024-12-31 13692734 d:FreeholdInvestmentProperty 2023-12-31 13692734 d:FreeholdInvestmentProperty 2 2024-01-01 2024-12-31 13692734 d:CurrentFinancialInstruments 2024-12-31 13692734 d:CurrentFinancialInstruments 2023-12-31 13692734 d:Non-currentFinancialInstruments 2024-12-31 13692734 d:Non-currentFinancialInstruments 2023-12-31 13692734 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 13692734 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13692734 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 13692734 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 13692734 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 13692734 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 13692734 d:ShareCapital 2024-12-31 13692734 d:ShareCapital 2023-12-31 13692734 d:RetainedEarningsAccumulatedLosses 2024-12-31 13692734 d:RetainedEarningsAccumulatedLosses 2023-12-31 13692734 d:OtherDeferredTax 2024-12-31 13692734 d:OtherDeferredTax 2023-12-31 13692734 c:OrdinaryShareClass1 2024-01-01 2024-12-31 13692734 c:OrdinaryShareClass1 2024-12-31 13692734 c:OrdinaryShareClass1 2023-12-31 13692734 c:OrdinaryShareClass2 2024-01-01 2024-12-31 13692734 c:OrdinaryShareClass2 2024-12-31 13692734 c:OrdinaryShareClass2 2023-12-31 13692734 c:FRS102 2024-01-01 2024-12-31 13692734 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13692734 c:FullAccounts 2024-01-01 2024-12-31 13692734 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13692734 f:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 13692734














SUNRISE RESIDENTIAL LTD
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

 
SUNRISE RESIDENTIAL LTD
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
SUNRISE RESIDENTIAL LTD
REGISTERED NUMBER:13692734

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
2,000,000
1,923,998

  
2,000,000
1,923,998

Current assets
  

Debtors: amounts falling due within one year
 5 
7,649
7,136

Cash at bank and in hand
  
43,298
40,563

  
50,947
47,699

Creditors: amounts falling due within one year
 6 
(661,534)
(649,169)

Net current liabilities
  
 
 
(610,587)
 
 
(601,470)

Total assets less current liabilities
  
1,389,413
1,322,528

Creditors: amounts falling due after more than one year
 7 
(1,342,578)
(1,342,500)

Provisions for liabilities
  

Deferred tax
  
(19,001)
-

  
 
 
(19,001)
 
 
-

Net assets/(liabilities)
  
27,834
(19,972)


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
27,734
(20,072)

  
27,834
(19,972)


The Directors consider 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 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 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 24 July 2025.

Page 1

 
SUNRISE RESIDENTIAL LTD
REGISTERED NUMBER:13692734
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024




B Ginsberg
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
SUNRISE RESIDENTIAL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Sunrise Residential Limited is a limited company registered in England and Wales. Its registered office address is 2 Milborne Grove, London, United Kingdom, SW10 9SN.
The principal activity of the Company during the year was that of buying and selling of own real estate and other letting and operating of own or leased real estate.
The financial statements are presented in £ Sterling, which is the functional currency of the Company.

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

Turnover

Turnover is measured at the fair value of the consideration receivable and represents rent receivable, net of value added tax.

Income is recognised on a straight-line basis over the term of the rental agreement.

  
2.3

Basic financial instruments

The Company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to/from related parties.

Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.

Interest bearing borrowings, such as bank loans, classified as basic financial instruments are recognised initially at the present value of future payments discounted at a market rate of interest. Thereafter they are stated at amortised cost using the effective interest method.
Cash and cash equivalents comprise cash balances and call deposits

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
SUNRISE RESIDENTIAL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.6

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

 
2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable.


3.


Employees




The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 4

 
SUNRISE RESIDENTIAL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
1,923,998


Surplus on revaluation
76,002



At 31 December 2024
2,000,000

The fair value of the investment properties have been arrived at on the basis of a valuation carried out as at 31 December 2024 by the Directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.



At 31 December 2024



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
1,923,998
1,923,998


5.


Debtors

2024
2023
£
£


Other debtors
2,751
2,750

Prepayments and accrued income
4,898
4,386

7,649
7,136



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
651,187
638,022

Accruals and deferred income
10,347
11,147

661,534
649,169


Page 5

 
SUNRISE RESIDENTIAL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
1,342,578
1,342,500


Bank loans are secured by a charge on the assets concerned.


8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£



Amounts falling due 2-5 years

Bank loans
1,342,578
1,342,500


1,342,578
1,342,500




9.


Deferred taxation




2024


£






Charged to profit or loss
(19,001)



At end of year
(19,001)

The deferred taxation balance is made up as follows:

2024
2023
£
£


Deferred tax on revalutation
(19,001)
-

(19,001)
-


10.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



50 (2023 - 50) Ordinary- A shares of £1.00 each
50
50
50 (2023 - 50) Ordinary-B shares of £1.00 each
50
50
Page 6

 
SUNRISE RESIDENTIAL LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.Share capital (continued)


100

100


 
Page 7