Just_Sunshine_Limited_30_Jun_2025_companies_house_set_of

Just Sunshine Limited

Statement of Financial Position

30 June 2025

		30 Jun 2025		31 Dec 2023
	Note	£		£
Fixed assets
Tangible assets	5	22,072		26,861
Investments	6	3,443,668		3,382,386
		3,465,740		3,409,247
Current assets
Debtors	7	146,065		103,692
Cash at bank and in hand		17,930		54,016
		163,995		157,708
Creditors: amounts falling due within one year	8	(404,624	)	(60,153	)
Net current (liabilities)/assets		(240,629	)	97,555
Total assets less current liabilities		3,225,111		3,506,802
Creditors: amounts falling due after more than one year	9	(387,500	)	(387,500	)
Net assets		2,837,611		3,119,302
Capital and reserves
Called up share capital		450,500		450,500
Profit and loss account		2,387,111		2,668,802
Shareholders funds		2,837,611		3,119,302

For the period ending

30 June 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 period 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.

These

financial statements

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

In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.

These

financial statements

were approved by the board of directors and authorised for issue on

25 September 2025

, and are signed on behalf of the board by:

Mr F C Deniz

Director

Company registration number:

04572658

Just Sunshine Limited

Notes to the Financial Statements

Period ended

30 June 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The business address which is also the registered office is

Sunshine House

7 Cutler Street

London

E1 7DJ

, United Kingdom.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and 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 investments measured at fair value through the profit and loss account

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Going concern

The accounts have been prepared on a going concern basis. The ongoing pandemic caused by Covid-19 has continued to effect travel industry. The directors believe that 2024 will be more buoyant and confident about the company's future.

Consolidation

The entity 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 entity and its subsidiary undertakings comprise a small group.

Turnover

Turnover is measured at the fair value of consideration received or receivable for services rendered, net of discounts and Value Added Tax. Income is recognised on the date of departure.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at the date that will result in an obligation to pay more, or a right to pay less or to receive more tax.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of transactions. All differences are taken to the statement of comprehensive income.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Land and buildings	5% Straight line over the life of the lease
Plant and machinery	20% straight line
Fixtures, fittings and equipment	25% straight line

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently are measured at fair value with change in fair value being recognised in the profit and loss statement.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the period was

(2023:

3.00

5 Tangible assets

	Land and buildings	Plant and machinery etc.	Total
	£	£	£
Cost
At 1 January 2024 and 30 June 2025	53,039	129,916	182,955
Depreciation
At 1 January 2024	27,516	128,578	156,094
Charge	3,978	811	4,789
At 30 June 2025	31,494	129,389	160,883
Carrying amount
At 30 June 2025	21,545	527	22,072
At 31 December 2023	25,523	1,338	26,861

6 Investments

	Shares in group undertakings and participating interests
	£
Cost or valuation
At 1 January 2024	3,382,386
Revaluations	61,282
At 30 June 2025	3,443,668
Impairment
At 1 January 2024 and 30 June 2025	-
Carrying amount
At 30 June 2025	3,443,668
At 31 December 2023	3,382,386

Investments held at valuation

In respect of fixed asset investments held at valuation, the comparable amounts that would have been recognised if the assets had been carried under the historical cost model are as follows:

	30 Jun 2025	31 Dec 2023
	Shares in group undertakings and participating interests	Shares in group undertakings and participating interests
	£	£
Aggregate historical cost	324,833	324,833
Carrying amount	324,833	324,833

The company holds 100% (2023: 100%) of the issued share capital of Sunshine Vacances SAS, a company incorporated in France.

7 Debtors

	30 Jun 2025	31 Dec 2023
	£	£
Trade debtors	36,679	-
Other debtors	109,386	103,692
	146,065	103,692

8 Creditors: amounts falling due within one year

	30 Jun 2025	31 Dec 2023
	£	£
Trade creditors	394,370	-
Taxation and social security	4	-
Other creditors	10,250	60,153
	404,624	60,153

9 Creditors: amounts falling due after more than one year

	30 Jun 2025		31 Dec 2023
	£		£
Other creditors	387,500		387,500

Included within other creditors' is an amount of £315,000 which has been subordinated in favour of the Civil Aviation Authority and cannot be withdrawn without the CAA's prior written consent.

10 Related party transactions

Other creditors includes amounts of £nil (2023: £47,046) due to Travel One Limited, a company in which F C Deniz is a director and controlling shareholder.

11 Controlling party

In the opinion of the directors no one individual can exercise overall control over the company.