REGISTERED NUMBER: 09019880 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SUNNY FIELDS ENTERPRISE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr P M Buck

Ms A J Buck

REGISTERED OFFICE:

260-270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

REGISTERED NUMBER:

09019880 (England and Wales)

AUDITORS:

FKCA Limited

Statutory Auditor

260 - 270 Butterfield

Great Marlings

Luton

Bedfordshire

LU2 8DL

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

20,908

49,677

Investments

6

83

83

20,991

49,760

CURRENT ASSETS

Stocks

567,885

320,274

Debtors

7

2,924,248

2,356,222

Cash at bank

13,554,461

2,697,927

17,046,594

5,374,423

CREDITORS

Amounts falling due within one year

8

15,287,743

3,350,692

NET CURRENT ASSETS

1,758,851

2,023,731

TOTAL ASSETS LESS CURRENT LIABILITIES

1,779,842

2,073,491

PROVISIONS FOR LIABILITIES

10

5,227

12,419

NET ASSETS

1,774,615

2,061,072

CAPITAL AND RESERVES

Called up share capital

11

2

2

Retained earnings

1,774,613

2,061,070

SHAREHOLDERS' FUNDS

1,774,615

2,061,072

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 29 September 2025 and were signed on its behalf by:

Mr P M Buck - Director

Ms A J Buck - Director

1.	STATUTORY INFORMATION

Sunny Fields Enterprise 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Exemption from preparing consolidated financial statements

The financial statements contain information about Sunny Fields Enterprise Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking qualify as a small group.

Going Concern

After careful consideration of cash flow forecasts, expected trading performance and latest economic environment, the directors believe that the company will be able to meet its liabilities as they fall due for a period of no less than 12 months from the date of approval of these financial statements using existing working capital and ongoing financial support from the parent company. The directors have therefore concluded that it is appropriate to adopt the going concern basis for the preparation of these financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (upon delivery of the goods to the customer) , the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Other income relates to management charges to group companies for related costs and is recognised at the fair value of amounts received or receivable excluding value added tax or other sales-related taxes. The income is recognised on an accruals basis in the period in which the relevant goods or services are supplied, balances due from or to group companies in respect of these charges are included in intercompany receivables or payables.

Interest receivable and similar income

Interest receivable is recognised in the profit and loss account on an accruals basis, when it is probable that the company will receive the income and the amount can be measured reliably.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tooling & cylinders

-

50% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

Debtors

Trade and other debtors are initially recognised at the transaction price and subsequently measured using the amortised cost method which uses the effective interest method. At each balance sheet date, the directors assess trade and other debtors for evidence of indicators of impairment and where the directors conclude that amounts in respect of trade and other debtors are not recoverable, a specific bad debt provision is recognised.

Creditors

Trade and other creditors are initially recognised in the financial statements at transaction price. Trade and other creditors are then subsequently measured at amortised cost using the effective interest method, unless the effects of discounting would be considered immaterial. If the effects of discounting are judged to be immaterial, trade and other creditors are stated at cost. Trade creditors are not interest-bearing.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 37 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2024

and 31 December 2024

176,512

AMORTISATION

At 1 January 2024

and 31 December 2024

176,512

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Tooling &

and

Computer

cylinders

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

108,441

1,470

54,214

164,125

Additions

7,087

-

916

8,003

Disposals

(8,581

)

-

(1,440

)

(10,021

)

At 31 December 2024

106,947

1,470

53,690

162,107

DEPRECIATION

At 1 January 2024

66,837

564

47,047

114,448

Charge for year

22,696

294

5,166

28,156

Eliminated on disposal

(485

)

-

(920

)

(1,405

)

At 31 December 2024

89,048

858

51,293

141,199

NET BOOK VALUE

At 31 December 2024

17,899

612

2,397

20,908

At 31 December 2023

41,604

906

7,167

49,677

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

83

NET BOOK VALUE

At 31 December 2024

83

At 31 December 2023

83

7.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

818,098

634,505

Amounts owed by group undertakings

526,507

580,202

Other debtors

147,798

58,420

Tax

160,383

-

Accrued income

96,334

-

Prepayments

68,002

49,365

1,817,122

1,322,492

Amounts falling due after more than one year:

Deferred tax asset

1,107,126

1,033,730

Aggregate amounts

2,924,248

2,356,222

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

786,001

576,414

Amounts owed to group undertakings

14,281,568

2,435,612

Taxation and social security

36,104

65,020

Other creditors

11,890

15,960

Accruals and deferred income

172,180

257,686

15,287,743

3,350,692

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

166,388

159,528

Between one and five years

195,720

26,588

362,108

186,116

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Other provisions

5,227

12,419

Deferred

Deferred

tax

tax

liability

£

£

Balance at 1 January 2024

(1,033,730

)

12,419

Provided during year

(73,396

)

(7,192

)

Balance at 31 December 2024

(1,107,126

)

5,227

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary shares

1

2

2

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stephen Mason BSc FCA (Senior Statutory Auditor)

for and on behalf of FKCA Limited

13.	RELATED PARTY DISCLOSURES

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 other group companies that are wholly owned within the group.

14.	PARENT COMPANY

The parent undertaking of the largest and smallest group of undertakings for which group financial statements are drawn up and of which the company is a member is Sunny Fields Enterprise (Cayman) Limited, a company incorporated in the Cayman Islands.Registered address, Grand Pavilion, Hibiscus Way, 802 West Bay Road, P.O. Box 31119, KY1-1205, Cayman Islands.