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

REGISTERED NUMBER: 04807559 (England and Wales)

SUN METAMORPHOSIS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs K Psaltis

SECRETARY:

Mrs K Psaltis

REGISTERED OFFICE:

Hale House, Unit 5

296a Green Lanes

Palmers Green

London

N13 5TP

REGISTERED NUMBER:

04807559 (England and Wales)

ACCOUNTANTS:

T. PA Accountancy Services Limited

Hale House

Unit 5

296a Green Lanes

Palmers Green

London

N13 5TP

FIXED ASSETS

Tangible assets

4

2,499

3,332

CURRENT ASSETS

Investments

5

75,383

75,383

Cash at bank

1,249

3,632

76,632

79,015

CREDITORS

Amounts falling due within one year

6

10,121

11,269

NET CURRENT ASSETS

66,511

67,746

TOTAL ASSETS LESS CURRENT LIABILITIES

69,010

71,078

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

68,910

70,978

SHAREHOLDERS' FUNDS

69,010

71,078

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 and authorised for issue on 24 March 2022 and were signed by:

Mrs K Psaltis - Director

1.	STATUTORY INFORMATION

Sun Metamorphosis 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.

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

-

25% on reducing balance

Computer equipment

-

33% 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - 1 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 July 2020

and 30 June 2021

5,914

13,160

19,074

DEPRECIATION

At 1 July 2020

4,629

11,113

15,742

Charge for year

321

512

833

At 30 June 2021

4,950

11,625

16,575

NET BOOK VALUE

At 30 June 2021

964

1,535

2,499

At 30 June 2020

1,285

2,047

3,332

5.	CURRENT ASSET INVESTMENTS

2021

2020

£

£

Shares in group undertakings

75,383

75,383

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Directors' current accounts

9,401

10,469

Accrued expenses

720

800

10,121

11,269

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 July 2020

70,978

Deficit for the year

(2,068

)

At 30 June 2021

68,910