Sun Property Development Limited - Period Ending 2022-06-30
Sun Property Development Limited - Period Ending 2022-06-30
Registration number:
Sun Property Development Limited
for the Period from 1 January 2021 to 30 June 2022
Sun Property Development Limited
Contents
|
Company Information |
|
|
Accountants' Report |
|
|
Balance Sheet |
|
|
Notes to the Unaudited Financial Statements |
Sun Property Development Limited
Company Information
|
Directors |
Mr A Hajiyev Mr R R Gasimov Mr MSW Phillips |
|
Registered office |
|
|
Accountants |
|
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Sun Property Development Limited
for the Period Ended 30 June 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sun Property Development Limited for the period ended 30 June 2022 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Sun Property Development Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Sun Property Development Limited and state those matters that we have agreed to state to the Board of Directors of Sun Property Development Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sun Property Development Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Sun Property Development Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Sun Property Development Limited. You consider that Sun Property Development Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Sun Property Development Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
......................................
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH
Sun Property Development Limited
(Registration number: 09927517)
Balance Sheet as at 30 June 2022
|
Note |
2022 |
2020 |
|
|
Current assets |
|||
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net (liabilities)/assets |
( |
|
|
|
Capital and reserves |
|||
|
Called up share capital |
100 |
100 |
|
|
Retained earnings |
(4,328) |
2,462 |
|
|
Shareholders' (deficit)/funds |
(4,228) |
2,562 |
For the financial period ending 30 June 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
|
• |
|
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Mr MSW Phillips
Director
Sun Property Development Limited
Notes to the Unaudited Financial Statements for the Period from 1 January 2021 to 30 June 2022
|
General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
United Kingdom
The principal place of business is:
271 Embankment Road
Plymouth
PL4 9JH
United Kingdom
|
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared using the historic cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Going concern
As at the year end, the company's balance sheet showed net current liabilities and an overall deficit of funds
amounting to £4,228 (2020: surplus £2,562). Accordingly, the director has considered the basis upon which the accounts
should be prepared and determine whether a going concern basis remains appropriate. The accounts have been
prepared on a going concern basis as the director will continue to provide financial support when necessary to the
company. The director has also reviewed the position for 12 months from the date the accounts were approved and
in their opinion the company will reduce the balance sheet deficiency and will show positive results for the next
financial period.
The accounts have been prepared on a going concern basis, taking into account the impact on the business caused by the Coronavirus outbreak. To cope with the outbreak, the business accessed thec relevant emergency government support available to help it through the lockdown and expects to be in a position to commence normal trading, once the peak of the crisis has passed.
Sun Property Development Limited
Notes to the Unaudited Financial Statements for the Period from 1 January 2021 to 30 June 2022
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
|
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
|
Debtors |
|
2022 |
2020 |
|
|
Other debtors |
|
|
|
|
|
|
Creditors |
Creditors: amounts falling due within one year
|
2022 |
2020 |
|
|
Due within one year |
||
|
Trade creditors |
|
|
|
Accruals and deferred income |
|
|
|
Other creditors |
|
|
|
|
|