Sunrise Research Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10372631

Sunrise Research Limited

Filleted Unaudited Financial Statements

28 February 2025

Sunrise Research Limited

Financial Statements

Year ended 28 February 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Sunrise Research Limited

Statement of Financial Position

28 February 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5	24,900	31,309
Investments	6	164,138	251,877
		---------	---------
		189,038	283,186

Current assets

Debtors	7	335,992	61,536
Cash at bank and in hand		8,880	222,066
		---------	---------
		344,872	283,602

Creditors: amounts falling due within one year	8	38,112		14,748
		---------		---------
Net current assets			306,760		268,854
			---------		---------
Total assets less current liabilities			495,798		552,040

Creditors: amounts falling due after more than one year	9		–		2,317

Provisions

Taxation including deferred tax	6,225	7,827
	---------	---------
Net assets	489,573	541,896
	---------	---------

Capital and reserves

Called up share capital	10	1	1
Profit and loss account		489,572	541,895
		---------	---------
Shareholders funds		489,573	541,896
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28 February 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 year 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 .

Sunrise Research Limited

Statement of Financial Position (continued)

28 February 2025

These financial statements were approved by the board of directors and authorised for issue on 28 September 2025 , and are signed on behalf of the board by:

Mr J E Purdie

Director

Company registration number: 10372631

Sunrise Research Limited

Notes to the Financial Statements

Year ended 28 February 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

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

Motor vehicles	-	20% reducing balance
Equipment	-	20% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 March 2024 and 28 February 2025	52,800	3,328	56,128
	--------	-------	--------
Depreciation
At 1 March 2024	24,077	742	24,819
Charge for the year	5,744	665	6,409
	--------	-------	--------
At 28 February 2025	29,821	1,407	31,228
	--------	-------	--------
Carrying amount
At 28 February 2025	22,979	1,921	24,900
	--------	-------	--------
At 29 February 2024	28,723	2,586	31,309
	--------	-------	--------

6. Investments

	Shares in participating interests	Other investments other than loans	Total
	£	£	£
Fair Value
At 1 March 2024	100,000	151,877	251,877
Disposals	–	( 97,124)	( 97,124)
Revaluations	–	9,385	9,385
	---------	---------	---------
At 28 February 2025	100,000	64,138	164,138
	---------	---------	---------
Impairment
At 1 March 2024 and 28 February 2025	–	–	–
	---------	---------	---------

Carrying amount
At 28 February 2025	100,000	64,138	164,138
	---------	---------	---------
At 29 February 2024	100,000	151,877	251,877
	---------	---------	---------

7. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	–	25,947
Corporation tax repayable	2,218	–
Other debtors	333,774	35,589
	---------	--------
	335,992	61,536
	---------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Amounts owed to group undertakings	24,055	–
Accruals and deferred income	11,420	–
Corporation tax	–	3,278
Social security and other taxes	320	934
Obligations under finance leases and hire purchase contracts	2,317	6,950
Director loan accounts	–	3,586
	--------	--------
	38,112	14,748
	--------	--------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Obligations under finance leases and hire purchase contracts	–	2,317
	----	-------

10. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1	1	1	1
	----	----	----	----

11. Directors' advances, credits and guarantees

At the year end the directors owed the company £298,313 (2024 - £3,586 creditor) by way of a directors loan account. The maximum amount outstanding during the year was £298,313. Interest of £3,359 has been charged on this loan. The loan was repaid in full after the year end date.

12. Related party transactions

At the year end the company was owed £35,000 (2024 - £35,000) from a related party which is shown amongst debtors. The company has taken advantage of the exemption conferred by Section 33 of FRS 102 and not disclosed transactions with wholly owned group companies.

13. Controlling party

The company's parent company is Alba Sunrise Limited with its registered office located at 25 Meadow Road, Hullbridge, Essex. SS5 6BW