Sunnflair Holdings Limited - Limited company - abbreviated - 11.9
Sunnflair Holdings Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 30 September 2015 |
| for |
| Sunnflair Holdings Limited |
| Sunnflair Holdings Limited (Registered number: 02655818) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 September 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Chartered Accountants' Report | 7 |
| Sunnflair Holdings Limited |
| Company Information |
| for the Year Ended 30 September 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Sunnflair Holdings Limited (Registered number: 02655818) |
| Abbreviated Balance Sheet |
| 30 September 2015 |
| 30.9.15 | 30.9.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| Sunnflair Holdings Limited (Registered number: 02655818) |
| Abbreviated Balance Sheet - continued |
| 30 September 2015 |
| The financial statements were approved by the Board of Directors on by: |
| Sunnflair Holdings Limited (Registered number: 02655818) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 September 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Preparation of consolidated financial statements |
| The financial statements contain information about Sunnflair Holdings Limited as an individual company and do |
| not contain consolidated financial information as the parent of a group. The company has taken the option under |
| Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
| Tangible fixed assets |
| Freehold property | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Financial instruments |
| The group has previously entered into an interest rate swap contract. An interest rate swap contract is where one |
| stream of future interest payments is exchanged for another based on a specified principal amount. Interest rate |
| swaps often exchange a fixed payment for a floating payment that is linked to an interest rate (most often the |
| LIBOR). |
| The above contract runs from 15 October 2008 to 15 September 2017, during which time Sunnflair Holdings |
| Limited will pay the counterparty to the contract 5.76% for the life of the agreement but will receive in return |
| from the counterparty a floating rate, which is calculated with reference to the 1 month LIBOR rate. The |
| agreement covers a notional decreasing amount starting at approximately £1.85m at the inception of the |
| agreement. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 October 2014 |
| and 30 September 2015 |
| DEPRECIATION |
| At 1 October 2014 |
| Charge for year |
| At 30 September 2015 |
| NET BOOK VALUE |
| At 30 September 2015 |
| At 30 September 2014 |
| Sunnflair Holdings Limited (Registered number: 02655818) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 September 2015 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 October 2014 |
| and 30 September 2015 | 100,001 |
| NET BOOK VALUE |
| At 30 September 2015 |
| At 30 September 2014 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Country of incorporation: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary share capital | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 107,375 | 1,499,042 |
| Profit for the year | 7,333 | 95,318 |
| Country of incorporation: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary share capital | 100.00 |
| £ | £ |
| Aggregate capital and reserves | 1 | 1 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.9.15 | 30.9.14 |
| value: | £ | £ |
| A Voting ordinary | £1 |
| B Voting ordinary | £1 |
| C Non voting ordinary | £1 |
| 100,000 | 100,000 |
| Sunnflair Holdings Limited (Registered number: 02655818) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 September 2015 |
| 6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| Included in other creditors are amounts due to directors as follows: |
| 30.9.15 | 30.9.14 |
| £ | £ |
| R O Lawless | 51,387 | 76,887 |
| R A Lawless | 41,318 | 41,318 |
| The loans carry no interest and there are no fixed terms for repayment. |
| 7. | RELATED PARTY DISCLOSURES |
| Related party transactions and balances |
Transactions in the year | Amounts owed by (to related parties | ) |
| 2015 |
| Sunnflair Limited - rent received | 33,600 |
| Sunnflair Limited - purchase of stock and assets | 429,049 | 506,764 |
| Sunncamp Limited - sale of stock and assets | 429,049 | 497,263 |
| 2014 |
| Sunnflair Limited - rent received | 48.600 | (212,711 | ) |
| Sunnflair Limited and Sunncamp Limited are subsidiaries of Sunnflair Holdings Limited. |
| A dividend amounting to £1,399,000 was paid during the year by Sunnflair Limited to the company. |
| Sunntech LLP, a Limited Liability Partnership in which the directors are designated partners, has an outstanding |
| loan to the company amounting to £81,946. |
| At the year end £81,946 (2014: £81,946) was outstanding and included in other debtors. |
| 8. | ULTIMATE CONTROLLING PARTY |
| The directors of the company consider D Lawless to be the ultimate controlling party by virtue of her 80% |
| shareholding in the company. |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Sunnflair Holdings Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have |
| been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Sunnflair Holdings Limited for the year ended 30 September 2015 which comprise the Profit and |
| Loss Account, the 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 at icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Sunnflair Holdings Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sunnflair Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Sunnflair Holdings Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Sunnflair Holdings 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 profit of Sunnflair Holdings Limited. You consider that Sunnflair Holdings 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 Sunnflair Holdings 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. |
| Chartered Accountants |
| 30 November 2015 |