REGISTERED NUMBER: 04056233 (England and Wales)

SUN-HAT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

P R J Jenkins

R Robinson

SECRETARY:

Mrs L A Jenkins

REGISTERED OFFICE:

103 Newport

Lincoln

Lincolnshire

LN1 3EE

REGISTERED NUMBER:

04056233 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Tangible assets

4

1,080,154

1,089,652

CURRENT ASSETS

Debtors

5

99,168

92,949

Cash at bank

2,044,503

1,584,292

2,143,671

1,677,241

CREDITORS

Amounts falling due within one year

6

948,112

672,101

NET CURRENT ASSETS

1,195,559

1,005,140

TOTAL ASSETS LESS CURRENT LIABILITIES

2,275,713

2,094,792

PROVISIONS FOR LIABILITIES

13,124

15,498

NET ASSETS

2,262,589

2,079,294

CAPITAL AND RESERVES

Called up share capital

7

30,000

30,000

Retained earnings

2,232,589

2,049,294

SHAREHOLDERS' FUNDS

2,262,589

2,079,294

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 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 2 December 2025 and were signed on its behalf by:

P R J Jenkins - Director

1.	STATUTORY INFORMATION

Sun-Hat 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of Value Added Tax and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from the provision of overseas accommodation is recognised by reference to the stage of completion at the statement of financial position date. Stage of completion is measured by reference to return date.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 the income statement in the period to which they relate.

Foreign currencies

Transactions in foreign currencies are recorded at the rate ruling at the time of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the statement of financial position date. All differences are taken to the income statement.

Ultimate parent company

The ultimate parent company is Derek Vine Limited, a company registered in England (Company registration number 12810389), which owns 100% of the share capital of Sun-Hat Limited.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 November 2024

1,027,659

206,748

1,234,407

Additions

-

6,927

6,927

At 31 October 2025

1,027,659

213,675

1,241,334

DEPRECIATION

At 1 November 2024

-

144,755

144,755

Charge for year

-

16,425

16,425

At 31 October 2025

-

161,180

161,180

NET BOOK VALUE

At 31 October 2025

1,027,659

52,495

1,080,154

At 31 October 2024

1,027,659

61,993

1,089,652

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

99,168

92,949

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

722,566

426,589

Taxation and social security

26,695

5,083

Other creditors

198,851

240,429

948,112

672,101

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

30,000

Ordinary

£1

30,000

30,000