Sun Privileged Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09626666 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2019

for

Sun Privileged Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

H Sun

REGISTERED OFFICE:

3 Harebell Close

Cambridge

CB1 9YL

REGISTERED NUMBER:

09626666 (England and Wales)

ACCOUNTANTS:

L&W ACCOUNTANTS LIMITED

1ST FLOOR

30 CHARING CROSS ROAD

LONDON

London

WC2H 0DE

FIXED ASSETS

Property, plant and equipment

3

633

CURRENT ASSETS

Debtors

4

3,051

Cash at bank

2,821

5,872

CREDITORS

Amounts falling due within one year

5

5,502

NET CURRENT ASSETS

370

TOTAL ASSETS LESS CURRENT LIABILITIES

1,003

CAPITAL AND RESERVES

Called up share capital

6

1,000

Retained earnings

7

3

SHAREHOLDERS' FUNDS

1,003

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 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 Income Statement has not been delivered.

The financial statements were approved by the director on 23 March 2020 and were signed by:

H Sun - Director

1.	STATUTORY INFORMATION

Sun Privileged Limited 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

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.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

fittings

£

COST

Additions

666

At 30 June 2019

666

DEPRECIATION

Charge for year

33

At 30 June 2019

33

NET BOOK VALUE

At 30 June 2019

633

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

VAT

3,051

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Tax

439

Proposed dividends

2,500

Directors' current accounts

2,049

Accrued expenses

514

5,502

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1,000

Ordinary

1000

1,000

7.

RESERVES

Retained

earnings

£

Profit for the year

2,503

Dividends

(2,500

)

At 30 June 2019

3