Company No: 14553285 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	730		739
		730		739
Current assets
Debtors
- due within one year	4	6,508		32,569
- due after more than one year	4	18,277		17,705
Cash at bank and in hand		31,936		27,230
		56,721		77,504
Creditors: amounts falling due within one year	5	( 2,330)		( 23,057)
Net current assets		54,391		54,447
Total assets less current liabilities		55,121		55,186
Creditors: amounts falling due after more than one year	6	0		( 212)
Net assets		55,121		54,974
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		55,021		54,874
Total shareholder's funds		55,121		54,974

For the financial year ending 30 November 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 member has 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 Profit and Loss Account has not been delivered.

The financial statements of Sungula Consulting Limited (registered number: 14553285) were approved and authorised for issue by the Director on 27 August 2026. They were signed on its behalf by:

Dr A L Bleloch Director

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

Sungula Consulting Limited (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 Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 Balance Sheet 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 is stated net of trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

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 Balance Sheet date.

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, reducing balance] basis over its expected useful life, as follows:

Computer equipment	20 % reducing balance
	3 years straight line

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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	0		0

3. Tangible assets

	Computer equipment		Total
	£		£
Cost
At 01 December 2024	924		924
Additions	208		208
At 30 November 2025	1,132		1,132
Accumulated depreciation
At 01 December 2024	185		185
Charge for the financial year	217		217
At 30 November 2025	402		402
Net book value
At 30 November 2025	730		730
At 30 November 2024	739		739

4. Debtors

	2025		2024
	£		£
Debtors: amounts falling due within one year
Amounts owed by director	551		0
Accrued income	0		26,612
Other debtors	5,957		5,957
	6,508		32,569
Debtors: amounts falling due after more than one year
Accrued income	627		0
Other debtors	17,650		17,705
	18,277		17,705

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Accruals	2,330		2,100
Taxation and social security	0		20,957
	2,330		23,057

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Amounts owed to director	0		212

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

8. Related party transactions

Other related party transactions

	2025		2024
	£		£
Loan to M J Bleloch	18,277		17,650

During the year a loan existed from the company to M J Bleloch. The loan is repayable on demand. Interest has been charged at the official rate.