Silverfin false false 31/01/2025 01/02/2024 31/01/2025 E Karakus 29/01/2021 13 October 2025 The principal activity of the Company during the financial year was construction services and property rental. 13168458 2025-01-31 13168458 bus:Director1 2025-01-31 13168458 2024-01-31 13168458 core:CurrentFinancialInstruments 2025-01-31 13168458 core:CurrentFinancialInstruments 2024-01-31 13168458 core:ShareCapital 2025-01-31 13168458 core:ShareCapital 2024-01-31 13168458 core:RetainedEarningsAccumulatedLosses 2025-01-31 13168458 core:RetainedEarningsAccumulatedLosses 2024-01-31 13168458 core:PlantMachinery 2024-01-31 13168458 core:OfficeEquipment 2024-01-31 13168458 core:PlantMachinery 2025-01-31 13168458 core:OfficeEquipment 2025-01-31 13168458 bus:OrdinaryShareClass1 2025-01-31 13168458 2024-02-01 2025-01-31 13168458 bus:FilletedAccounts 2024-02-01 2025-01-31 13168458 bus:SmallEntities 2024-02-01 2025-01-31 13168458 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 13168458 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 13168458 bus:Director1 2024-02-01 2025-01-31 13168458 core:PlantMachinery 2024-02-01 2025-01-31 13168458 core:OfficeEquipment 2024-02-01 2025-01-31 13168458 2023-02-01 2024-01-31 13168458 bus:OrdinaryShareClass1 2024-02-01 2025-01-31 13168458 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13168458 (England and Wales)

# SUN UK DEVELOPMENTS LTD

### Unaudited Financial Statements
For the financial year ended 31 January 2025
Pages for filing with the registrar

SUN UK DEVELOPMENTS LTD

## Unaudited Financial Statements

For the financial year ended 31 January 2025

Contents

SUN UK DEVELOPMENTS LTD

## STATEMENT OF FINANCIAL POSITION

As at 31 January 2025
SUN UK DEVELOPMENTS LTD

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 January 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 31,842 |  | 81,720
Investment property | 4 | 2,495,356 |  | 2,495,356
|  | 2,527,198 |  | 2,577,076
Current assets |  |  |  |
Debtors | 5 | 187,416 |  | 207,999
Cash at bank and in hand |  | 8,294 |  | 33,262
|  | 195,710 |  | 241,261
Creditors: amounts falling due within one year | 6 | ( 2,972,848) |  | ( 2,980,293)
Net current liabilities |  | (2,777,138) |  | (2,739,032)
Total assets less current liabilities |  | (249,940) |  | (161,956)
Net liabilities |  | ( 249,940) |  | ( 161,956)
Capital and reserves |  |  |  |
Called-up share capital | 7 | 300 |  | 300
Profit and loss account |  | ( 250,240 ) |  | ( 162,256 )
Total shareholders' deficit |  | ( 249,940) |  | ( 161,956)

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Sun UK Developments Ltd (registered number: 13168458) were approved and authorised for issue by the Director. They were signed on its behalf by:

E Karakus Director |

13 October 2025

SUN UK DEVELOPMENTS LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
SUN UK DEVELOPMENTS LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Sun UK Developments Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is Unit C3, Tamian Way Industrial Estate, Hounslow, TW4 6BL, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover comprises rent receivable on investment properties and construction services and is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery | 25 % reducing balance
Office equipment | 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
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.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the director, on an open market value for existing use basis.

##### 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 creditors: amounts falling due within one year.

##### Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the company during the year, including the director | 2 |  | 2

#### 3. Tangible assets

| Plant and machinery |  | Office equipment |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 February 2024 | 133,551 |  | 1,088 |  | 134,639
Disposals | ( 59,752) |  | 0 |  | ( 59,752)
At 31 January 2025 | 73,799 |  | 1,088 |  | 74,887
Accumulated depreciation |  |  |  |  |
At 01 February 2024 | 52,460 |  | 459 |  | 52,919
Charge for the financial year | 18,181 |  | 157 |  | 18,338
Disposals | ( 28,212) |  | 0 |  | ( 28,212)
At 31 January 2025 | 42,429 |  | 616 |  | 43,045
Net book value |  |  |  |  |
At 31 January 2025 | 31,370 |  | 472 |  | 31,842
At 31 January 2024 | 81,091 |  | 629 |  | 81,720

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 February 2024 | 2,495,356
As at 31 January 2025 | 2,495,356

The 2024 valuations were made by the director, on an open market value for existing use basis.

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 0 |  | 7,999
Other debtors | 187,416 |  | 200,000
| 187,416 |  | 207,999

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 94 |  | 2,078
Accruals and deferred income | 0 |  | 9,186
Other taxation and social security | 9,769 |  | 4,649
Other creditors | 2,962,985 |  | 2,964,380
| 2,972,848 |  | 2,980,293

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
300 Ordinary shares of £ 1.00 each | 300 |  | 300

#### 8. Financial commitments

Pensions

The company operates a defined contribution pension scheme for the director and employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

| 2025 |  | 2024
| £ |  | £
Unpaid contributions | 252 |  | 252

#### 9. Related party transactions

Included within other creditors is £2,985,656 (2024: £2,958,356), owed to the shareholders of the company.
Included within other debtors is £187,416.00 (2024: £207,999) owed by a company under common control.