ACCOUNTS - Final Accounts preparation

Registered number: SC268733

SUNBURY PROPERTIES LTD.

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

SUNBURY PROPERTIES LTD.

REGISTERED NUMBER: SC268733

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Investment property	4		797,000		797,000
			797,000		797,000
Current assets
Debtors: amounts falling due within one year	5	31,480		30,398
Cash at bank and in hand		7,079		8,208
		38,559		38,606
Creditors: amounts falling due within one year	6	(204,203)		(204,260)
Net current liabilities			(165,644)		(165,654)
Total assets less current liabilities			631,356		631,346
Creditors: amounts falling due after more than one year	7		(321,737)		(331,240)

Net assets			309,619		300,106

Capital and reserves
Called up share capital	100	100
Revaluation reserve	145,099	145,099
Profit and loss account	164,420	154,907
	309,619	300,106

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 December 2025.

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SUNBURY PROPERTIES LTD.

REGISTERED NUMBER: SC268733

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

Mrs J Mcmartin

Director

The notes on pages 3 to 6 form part of these financial statements.

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SUNBURY PROPERTIES LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Company information

Sunbury Properties Ltd is a private company limited by shares incorporated in Scotland. The registered office is Brewlands House, Abbey Road, Dalkeith, EH22 3AD.

1.1

Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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 financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2

Turnover

Turnover represents amounts receivable for services.

1.3

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially
recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.4

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 current liabilities.

1.5

Financial Instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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.

Debtors with no stated interest rate and payable within one year are recorded at transaction price.

Creditors with no stated interest rate are recorded at transaction price.

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SUNBURY PROPERTIES LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

.Accounting policies (continued)

1.6

Equity Instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are
recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Employees

The average monthly number of employees, including the directors, during the year was as follows:

	2025	2024
	No.	No.

Total	2	2

3.	Taxation
		2025	2024
		£	£

Current tax
UK corporation tax on profits for the current period	2,701	3,810

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SUNBURY PROPERTIES LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 April 2024	797,000
	At 31 March 2025	797,000

Investment property comprises various flats let out. The fair value of the investment property has been arrived at on the basis of a valution carried out at each of the various properties by the company directors. The valuation was made on an open market valuation basis by reference to market evidence of transaction prices for similar properties.

Debtors

					2025	2024
					£	£

Amounts falling due within one year:
Trade debtors	16,166	14,765
Other debtors	15,314	15,633
	31,480	30,398

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	11,960	11,960
Trade creditors	586	586
Corporation tax	2,701	3,810
Other creditors	188,956	187,904
	204,203	204,260

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SUNBURY PROPERTIES LTD.

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	321,737	331,240
	321,737	331,240

8.	Revaluation reserve
		2025	2024
		£	£


At the beginning and end of the year	145,099	145,099
	145,099	145,099

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