REGISTERED NUMBER: 02807147 (England and Wales)

SUNRISE PROPERTIES (WOLVERHAMPTON)

LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr K S Sandhu

Mr S S Kular

Mr A S Sandhu

Mr S S Kular

SECRETARY:

Mr K S Sandhu

REGISTERED OFFICE:

Sunrise House

Marston Road

Blakenhall

Wolverhampton

West Midlands

WV2 4NJ

REGISTERED NUMBER:

02807147 (England and Wales)

ACCOUNTANTS:

Wallace Crooke

Chartered Accountants

College House

St. Leonards Close

Bridgnorth

Shropshire

WV16 4EJ

FIXED ASSETS

Investment property

4

3,546,400

3,546,400

CURRENT ASSETS

Debtors

5

486,400

438,096

Cash at bank

11,793

18,159

498,193

456,255

CREDITORS

Amounts falling due within one year

6

180,117

223,326

NET CURRENT ASSETS

318,076

232,929

TOTAL ASSETS LESS CURRENT LIABILITIES

3,864,476

3,779,329

CREDITORS

Amounts falling due after more than one year

7

(823,016

)

(873,262

)

PROVISIONS FOR LIABILITIES

10

(419,657

)

-

NET ASSETS

2,621,803

2,906,067

CAPITAL AND RESERVES

Called up share capital

11

160

160

Retained earnings

2,621,643

2,905,907

SHAREHOLDERS' FUNDS

2,621,803

2,906,067

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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.

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

Mr K S Sandhu - Director

1.	STATUTORY INFORMATION

Sunrise Properties (Wolverhampton) 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.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents rents receivable in respect of investment properties.

Investment properties

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 January 2024

and 31 December 2024

3,600,000

DEPRECIATION

At 1 January 2024

and 31 December 2024

53,600

NET BOOK VALUE

At 31 December 2024

3,546,400

At 31 December 2023

3,546,400

Cost or valuation at 31 December 2024 is represented by:

£

Valuation in 2022

1,812,033

Valuation in 2023

(79,805

)

Cost

1,867,772

3,600,000

If investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

1,867,772

1,867,772

Investment property was valued on an open market value basis on 31 December 2024 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

6,000

6,047

Other debtors

480,400

432,049

486,400

438,096

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 8)

46,700

41,800

Trade creditors

5,171

41,985

Amounts owed to participating interests

13,342

64,196

Taxation and social security

57,980

20,746

Other creditors

56,924

54,599

180,117

223,326

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 8)

823,016

873,262

Amounts falling due in more than five years:

Repayable by instalments

Bank loans/mortgage

over 5 years

636,216

706,062

636,216

706,062

8.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loans/mortgage

46,700

41,800

Amounts falling due between two and five years:

Bank loans/mortgage

2-5 Years

186,800

167,200

186,800

167,200

Amounts falling due in more than five years:

Repayable by instalments

Bank loans/mortgage

over 5 years

636,216

706,062

636,216

706,062

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

869,716

915,062

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

419,657

-

Deferred

tax

£

Provided during year

419,657

Balance at 31 December 2024

419,657

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

160

Ordinary shares

£1

160

160