Sunnywoods Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 10977826 (England and Wales)

Financial Statements for the Year Ended 30 September 2025

for

Sunnywoods Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

O Bar

E Farkash

REGISTERED OFFICE:

2a Fortis Green

London

N2 9EL

REGISTERED NUMBER:

10977826 (England and Wales)

ACCOUNTANTS:

AS Associates

Chartered Certified Accountants

11A Empire Parade

Empire Way

Wembley

Middlesex

HA9 0RQ

FIXED ASSETS

Investment property

4

2,465,000

2,375,000

CURRENT ASSETS

Debtors

5

422,105

422,316

Cash at bank

23,492

20,023

445,597

442,339

CREDITORS

Amounts falling due within one year

6

75,070

92,011

NET CURRENT ASSETS

370,527

350,328

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,835,527

2,725,328

CREDITORS

Amounts falling due after more than one
year

7

(1,585,865

)

(1,590,332

)

PROVISIONS FOR LIABILITIES

8

(255,102

)

(232,602

)

NET ASSETS

994,560

902,394

CAPITAL AND RESERVES

Called up share capital

9

100

Non-distributable reserve

10

1,083,603

1,016,103

Retained earnings

10

(89,143

)

(113,809

)

SHAREHOLDERS' FUNDS

994,560

902,394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 15 April 2026 and were signed on its behalf by:

E Farkash - Director

1.	STATUTORY INFORMATION

Sunnywoods Ltd 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

The financial statements are prepared under the historical cost convention as modified by the revaluation of certain assets, and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The presentation currency of the financial statements is the Pound Sterling (£).

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have beenconsistently applied to all years presented unless otherwise stated.

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

In accordance with the provisions of section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", investment properties are included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 October 2024

2,375,000

Revaluations

90,000

At 30 September 2025

2,465,000

NET BOOK VALUE

At 30 September 2025

2,465,000

At 30 September 2024

2,375,000

Cost or valuation at 30 September 2025 is represented by:

£

Valuation in 2018

1,224,220

Valuation in 2025

90,000

Cost

1,150,780

2,465,000

In the opinion of the directors, the market value of the properties at the balance sheet date was £2,465,000 on an open market basis.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Trade debtors

3,486

-

Amounts owed by group undertakings

377,108

380,805

Amounts owed by associates

34,611

Other debtors

6,900

422,105

422,316

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Trade creditors

54,588

54,356

Other creditors

20,482

37,655

75,070

92,011

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.9.25

30.9.24

£

Bank loans

1,585,865

1,590,332

30.9.25

30.9.24

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,580,679

8.	PROVISIONS FOR LIABILITIES

30.9.25

30.9.24

£

Deferred tax

255,102

232,602

Deferred

tax

£

Balance at 1 October 2024

232,602

Provided during year

22,500

Balance at 30 September 2025

255,102

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.25

30.9.24

value:

£

100

Ordinary

1

100

10.

RESERVES

Retained

Non-distributable

earnings

reserve

Totals

£

At 1 October 2024

(113,809

)

1,016,103

902,294

Profit for the year

92,166

-

92,166

Revaluations

(67,500

)

67,500

-

At 30 September 2025

(89,143

)

1,083,603

994,460

11.	CAPITAL COMMITMENTS

2025: £1,580,679 State Bank of India (UK) Limited holds fixed and floating charges over Sunnywoods Ltd. The floating charge covers all of the property or undertaking of the company. The charges also contain a negative pledge.

12.	ULTIMATE CONTROLLING PARTY

The Company's immediate parent undertaking is Morphuse Group Limited, a private company incorporated under the Companies Act 2006 which holds a 100% interest in the total voting rights of the Company.

Morphuse Group Limited is the parent undertaking of the smallest group to consolidate these financial statements, Copies of the aforementioned consolidated financial statements for Morphuse Group Limited are not publicly available by virtue of exemptions available under the small companies regime.