SUNDIAL PROPERTY INVESTMENTS LIMITED - Limited company accounts 11.9

REGISTERED NUMBER: 00610114 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

SUNDIAL PROPERTY INVESTMENTS LIMITED

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

T J Childs

Miss J A Childs FCCA

SECRETARY:

Miss J A Childs FCCA

REGISTERED OFFICE:

Wheelsgate

Wych Hill Way

Woking

Surrey

GU22 0AE

REGISTERED NUMBER:

00610114 (England and Wales)

ACCOUNTANTS:

Judith Childs Limited

Chartered Certified Accountants

Wheelsgate

Wych Hill Way

Woking

Surrey

GU22 0AE

The directors present their report with the financial statements of the company for the year ended 31 March 2015.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2014 to the date of this report.

T J Childs

Miss J A Childs FCCA

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

Miss J A Childs FCCA - Director

29 October 2015

TURNOVER

2

25,676

26,686

Cost of sales

1,825

1,684

GROSS PROFIT

23,851

25,002

Administrative expenses

9,831

1,212

OPERATING PROFIT

3

14,020

23,790

Interest receivable and similar income

8

5

PROFIT ON ORDINARY ACTIVITIES BEFORE
TAXATION

14,028

23,795

Tax on profit on ordinary activities

4

2,806

4,748

PROFIT FOR THE FINANCIAL YEAR

11,222

19,047

FIXED ASSETS

Tangible assets

5

300,000

CURRENT ASSETS

Debtors

6

-

974

Cash at bank

20,709

15,527

20,709

16,501

CREDITORS

Amounts falling due within one year

7

12,745

4,759

NET CURRENT ASSETS

7,964

11,742

TOTAL ASSETS LESS CURRENT
LIABILITIES

307,964

311,742

CAPITAL AND RESERVES

Called up share capital

8

20

Revaluation reserve

9

278,665

Profit and loss account

9

29,279

33,057

SHAREHOLDERS' FUNDS

307,964

311,742

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 29 October 2015 and were signed on its behalf by:

Miss J A Childs FCCA - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents rents received.

Tangible fixed assets

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.

TURNOVER

Turnover represents rents receivable.

3.	OPERATING PROFIT

The operating profit is stated after charging:

2015

2014

£

Directors' remuneration and other benefits etc

2,800

1,200

4.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

2015

2014

£

Current tax:

UK corporation tax

2,806

4,748

Tax on profit on ordinary activities

2,806

4,748

5.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 April 2014

and 31 March 2015

300,000

NET BOOK VALUE

At 31 March 2015

300,000

At 31 March 2014

300,000

Cost or valuation at 31 March 2015 is represented by:

Land and

buildings

£

Valuation in 2013

300,000

If the property had not been revalued it would have been included at the following historical cost:

2015

2014

£

Cost

21,335

Value of land in freehold land and buildings

100,000

Freehold land and buildings were valued on an open market value basis on 31 March 2013 by the company's professional advisers

.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2015

2014

£

Other debtors

-

974

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2015

2014

£

Taxation and social security

2,805

4,759

Other creditors

9,940

-

12,745

4,759

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

200

Ordinary

10p

20

9.

RESERVES

Profit

and loss

Revaluation

account

reserve

Totals

£

At 1 April 2014

33,057

278,665

311,722

Profit for the year

11,222

Dividends

(15,000

)

(15,000

)

At 31 March 2015

29,279

278,665

307,944

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £15,000 (2014 - £25,000) were paid to the directors .

11.	ULTIMATE CONTROLLING PARTY

The controlling party is T J Childs and Miss J A Childs.