Sun Set Apartments (Santorini) Ltd iXBRL

Company Registration Number: 10225643

Sun Set Apartments (Santorini) Ltd

Unaudited Financial Statements

for the financial year ended 30 June 2025

Sun Set Apartments (Santorini) Ltd

Company Registration Number: 10225643

Balance Sheet

as at 30 June 2025

		2025	2024
	Notes	£	£

Fixed Assets

Tangible assets

207,838

207,838

─────────

Creditors: amounts falling due within one year

(347,826)

(343,764)

─────────

Net Current Liabilities

(347,826)

(343,764)

─────────

Total Assets less Current Liabilities

(139,988)

(135,926)

═════════

Capital and Reserves

Called up share capital

100

100

Retained earnings

(140,088)

(136,026)

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Shareholders' Deficit

(139,988)

(135,926)

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 10 September 2026



________________________________
C I'Anson
Director

Sun Set Apartments (Santorini) Ltd

Notes to the Financial Statements

for the financial year ended 30 June 2025

General Information

Sun Set Apartments (Santorini) Ltd is a company limited by shares incorporated and registered in the England and Wales. The registered number of the company is 10225643. The registered office of the company is The Old School, Wintringham, Malton, North Yorkshire, YO17 8HX, United Kingdom which is also the principal place of business of the company. The principal activity of the company is that of the development of building projects and other holiday accommodation The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 30 June 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. Cost comprises purchase price and other directly attributable costs. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Fixtures, fittings and equipment

25% on written down value

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Investment properties

Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business.

Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Profit and Loss Account as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Profit and Loss Account.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Employees

The average monthly number of employees, including director, during the financial year was 1, (2024 - 1).


4.	Tangible assets
		Investment	Fixtures,	Total
		properties	fittings and
			equipment
		£	£	£
	Cost
	At 1 July 2024	207,837	17,879	225,716
		─────────	─────────	─────────

	At 30 June 2025	207,837	17,879	225,716
		─────────	─────────	─────────
	Depreciation
	At 1 July 2024	-	17,878	17,878
		─────────	─────────	─────────

	At 30 June 2025	-	17,878	17,878
		─────────	─────────	─────────
	Net book value
	At 30 June 2025	207,837	1	207,838
		═════════	═════════	═════════
	At 30 June 2024	207,837	1	207,838
		═════════	═════════	═════════


5.	Creditors	2025	2024
	Amounts falling due within one year	£	£

	Director's current account	347,331	343,044
	Accruals	495	720
		─────────	─────────
		347,826	343,764
		═════════	═════════

Capital commitments

The company had no material capital commitments at the financial year-ended 30 June 2025.

Related party transactions

At the year end, the total amount owed to the the director was £347,331 (2024 - £343,044). This amount is unsecured, interest free and repayable on demand.

Post-Balance Sheet Events

There have been no significant events affecting the company since the financial year-end.


9.	Share Capital	2025	2024
		£	£

	Allotted, called up and fully paid Ordinary shares of £1.00 each	100	100
		═════════	═════════