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Registered number: 05064374
Sunrise Property Developments Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Balme Kitchen & Pearce Ltd
Chartered Accountants
25 Lemon Street
Truro
Cornwall
TR1 2LS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05064374
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,962 19,950
Investment Properties 5 531,029 531,029
545,991 550,979
CURRENT ASSETS
Cash at bank and in hand 207,436 327,074
207,436 327,074
Creditors: Amounts Falling Due Within One Year 6 (560,193 ) (667,394 )
NET CURRENT ASSETS (LIABILITIES) (352,757 ) (340,320 )
TOTAL ASSETS LESS CURRENT LIABILITIES 193,234 210,659
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,955 ) (2,955 )
NET ASSETS 190,279 207,704
CAPITAL AND RESERVES
Called up share capital 7 100,001 100,001
Profit and Loss Account 90,278 107,703
SHAREHOLDERS' FUNDS 190,279 207,704
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Maureen Walker
Director
12 December 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sunrise Property Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05064374 . The registered office is Pencrennow Farm, Reen, Perranporth, Cornwall, TR6 0AL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
Motor Vehicles 25% Reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2024 107,077 6,250 113,327
As at 31 March 2025 107,077 6,250 113,327
Depreciation
As at 1 April 2024 87,226 6,151 93,377
Provided during the period 4,963 25 4,988
As at 31 March 2025 92,189 6,176 98,365
Net Book Value
As at 31 March 2025 14,888 74 14,962
As at 1 April 2024 19,851 99 19,950
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 and 31 March 2025 531,029
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors (1 ) 1
Other creditors 560,194 667,393
560,193 667,394
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100,001 100,001
8. Reserves
Page 4