Sundial Group Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03432674 (England and Wales)

Unaudited Financial Statements

for the Year Ended

30 June 2023

for

Sundial Group Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

T S Chudley

REGISTERED OFFICE:

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

REGISTERED NUMBER:

03432674 (England and Wales)

ACCOUNTANTS:

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sundial Group Limited for the year ended 30 June 2023 which comprise the Income Statement, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Sundial Group Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sundial Group Limited and state those matters that we have agreed to state to the director of Sundial Group Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sundial Group Limited and its director for our work or for this report.

It is your duty to ensure that Sundial Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Sundial Group Limited. You consider that Sundial Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sundial Group 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 financial statements.

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

10 January 2024

FIXED ASSETS

Tangible assets

4

2,537

-

Investments

5

102

102

2,639

102

CURRENT ASSETS

Debtors

6

140,676

329,845

Investments

7

3,150,000

4,500,000

Cash at bank and in hand

403,381

435,149

3,694,057

5,264,994

CREDITORS

Amounts falling due within one year

8

510,508

1,280,083

NET CURRENT ASSETS

3,183,549

3,984,911

TOTAL ASSETS LESS CURRENT LIABILITIES

3,186,188

3,985,013

CAPITAL AND RESERVES

Called up share capital

10

566

566

Share premium

398,737

398,737

Revaluation reserve

11

-

447,316

Retained earnings

2,786,885

3,138,394

SHAREHOLDERS' FUNDS

3,186,188

3,985,013

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 and authorised for issue on 10 January 2024 and were signed by:

T S Chudley - Director

1.	STATUTORY INFORMATION

Sundial Group 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.

Preparation of consolidated financial statements

The financial statements contain information about Sundial Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover 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

Tangible fixed assets, other than freehold land and buildings and the associated fixtures and fittings, are held at cost less depreciation and provision for impairment. Depreciation is provided to write off cost less any estimated residual value over their expected useful economic life as follows:

Motor Vehicles - 25% on cost

Government grants

Government grants receivable in relation to job retention scheme and retail scheme are recognised as income over the periods necessary to match them with the related costs which they are intended to compensate, on a systematic basis. Government grants are shown separately as other income.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The company relies on the continuing support of its director. The director has agreed to continue to support the company for the foreseeable future as necessary.

Current asset investments

Asset held for sale are measured at estimated selling price.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.

Rentals payable under operating leases are charged against income on a straight line basis over the

lease term.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 July 2022

20,140

Additions

3,383

Disposals

(2,301

)

At 30 June 2023

21,222

DEPRECIATION

At 1 July 2022

20,140

Charge for year

846

Eliminated on disposal

(2,301

)

At 30 June 2023

18,685

NET BOOK VALUE

At 30 June 2023

2,537

At 30 June 2022

-

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2022

and 30 June 2023

102

NET BOOK VALUE

At 30 June 2023

102

At 30 June 2022

102

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Amounts owed by group undertakings

44,870

-

VAT

28,758

24,503

Prepayments and accrued income

67,048

305,342

140,676

329,845

7.	CURRENT ASSET INVESTMENTS

30.6.23

30.6.22

£

£

Asset held for sale

3,150,000

4,500,000

During the comparative period the land and property was reclassified to an asset held for sale.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.23

30.6.22

£

£

Hire purchase contracts

25,192

61,893

Trade creditors

132,088

651,774

Amounts owed to group undertakings

-

12,156

Social security and other taxes

14,484

47,521

Other creditors

135,287

196,441

Accruals and deferred income

203,457

310,298

510,508

1,280,083

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.23

30.6.22

£

£

Hire purchase contracts

25,192

61,893

Hire purchase have security over the assets for which they relate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.23

30.6.22

value:

£

£

40,000

A Ordinary

£0.01

400

400

16,566

B Ordinary

£0.01

166

166

566

566

11.

RESERVES

Revaluation

reserve

£

At 1 July 2022

447,316

Revaluation

(447,316

)

At 30 June 2023

-