REGISTERED NUMBER: 12520505 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Sunshine Asset Management Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Warwick

REGISTERED OFFICE:

FFT

Reedham House

31 King Street West

Manchester

Greater Manchester

M3 2PJ

REGISTERED NUMBER:

12520505 (England and Wales)

ACCOUNTANTS:

Freedman Frankl & Taylor

Chartered Accountants

Reedham House

31 King Street West

Manchester

M3 2PJ

FIXED ASSETS

Investment property

4

2,095,000

1,510,787

CURRENT ASSETS

Debtors

5

15,497

16,925

Cash at bank and in hand

14,032

8,169

29,529

25,094

CREDITORS

Amounts falling due within one year

6

(175,547

)

(98,014

)

NET CURRENT LIABILITIES

(146,018

)

(72,920

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,948,982

1,437,867

CREDITORS

Amounts falling due after more than one year

7

(1,103,876

)

(858,735

)

PROVISIONS FOR LIABILITIES

(241,942

)

(175,466

)

NET ASSETS

603,164

403,666

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

603,064

403,566

SHAREHOLDERS' FUNDS

603,164

403,666

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 1 October 2025 and were signed by:

D Warwick - Director

1.	STATUTORY INFORMATION

Sunshine Asset Management 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.

Turnover

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

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.

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.

Going concern

The company's financial statements for the year ended 31 March 2025 have been prepared on a going concern basis as, after making appropriate enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,510,787

Additions

318,309

Revaluations

265,904

At 31 March 2025

2,095,000

NET BOOK VALUE

At 31 March 2025

2,095,000

At 31 March 2024

1,510,787

Fair value at 31 March 2025 is represented by:

£

Valuation in 2021

401,041

Valuation in 2022

300,823

Valuation in 2025

265,904

Cost

1,127,232

2,095,000

If investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

1,127,232

808,923

Investment properties were valued on an open market basis on 31 March 2025 by the director .

The directors consider that the market value of the property not to be materially different from the value stated in the financial statements at 31 March 2025.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

15,497

16,925

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

4,879

4,116

Other creditors

170,668

93,898

175,547

98,014

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,103,876

858,735

2025

2024

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,084,359

842,266

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,108,755

862,851

9.	RELATED PARTY DISCLOSURES

Included within other creditors is a director's current account balance of £87,641 (2024: £29,131). There are no fixed repayment terms and no interest is chargeable to the company in respect of this balance.

Included within other creditors are balances amounting to £78,728 (2024: £63,328) due to companies in which the director of the company is also a director and shareholder. There are no fixed repayment terms and no interest is chargeable to the company in respect of these balances.