REGISTERED NUMBER: 09412772 (England and Wales)

SUNLINE DEVELOPMENTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

I S Kapur

REGISTERED OFFICE:

5 Brayford Square

London

E1 0SG

REGISTERED NUMBER:

09412772 (England and Wales)

ACCOUNTANTS:

Higginson & Co (UK) Ltd

3 Kensworth Gate

200 - 204 High Street South

Dunstable

Bedfordshire

LU6 3HS

CREDITORS

Amounts falling due within one year

4

13,846,356

11,949,291

NET CURRENT LIABILITIES

(13,846,356

)

(11,949,291

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(13,846,356

)

(11,949,291

)

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

7

(13,846,456

)

(11,949,391

)

SHAREHOLDERS' FUNDS

(13,846,356

)

(11,949,291

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 October 2026 and were signed by:

I S Kapur - Director

1.	STATUTORY INFORMATION

Sunline Developments 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

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 the financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Going concern

At 31 January 2023, the stock and development work in progress was valued at the lower of cost and net realisable value at that time. Notwithstanding that, the assets were subsequently sold by the Receiver appointed on the 9th of January 2023 at a substantial loss.

The director continues to explore various options available to him, and believes therefore that the company is a going concern. This is subject to the continued support of its creditors which to the best of his knowledge, will continue.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Other loans (see note 5)

10,815,461

9,131,397

Trade creditors

2,835,324

2,678,535

Other creditors

68,147

68,147

Directors' current accounts

121,644

67,232

Accruals and deferred income

5,780

3,980

13,846,356

11,949,291

5.

LOANS

An analysis of the maturity of loans is given below:

31.1.26

31.1.25

£

£

Amounts falling due within one year or on demand:

Other loans

10,815,461

9,131,397

Included in other loans is an amount of £1,892,400 from Mr I S Kapur (2024 £1,892,400).

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

£

100

Ordinary

1

100

100

7.

RESERVES

Retained

earnings

£

At 1 February 2025

(11,949,391

)

Deficit for the year

(1,897,065

)

At 31 January 2026

(13,846,456

)