Abbreviated Company Accounts - SECOND SUNRISE LIMITED

SECOND SUNRISE LIMITED - Company Information

Registered Number 08297905

SECOND SUNRISE LIMITED

Abbreviated Accounts

31 October 2015

SECOND SUNRISE LIMITED Registered Number 08297905

Abbreviated Balance Sheet as at 31 October 2015

	Notes	31/10/2015	30/11/2014
		£	£
Fixed assets
Tangible assets	2	6,716	8,712
Investments	3	709,894	518,563
		716,610	527,275
Current assets
Debtors		27,107	20,686
Cash at bank and in hand		15,697	6,166
		42,804	26,852
Creditors: amounts falling due within one year		(583,947)	(374,140)
Net current assets (liabilities)		(541,143)	(347,288)
Total assets less current liabilities		175,467	179,987
Creditors: amounts falling due after more than one year		(173,352)	(178,627)
Total net assets (liabilities)		2,115	1,360
Capital and reserves
Called up share capital		200	200
Profit and loss account		1,915	1,160
Shareholders' funds		2,115	1,360

For the year ending 31 October 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 3 November 2016

And signed on their behalf by:
Mr G Bonarski, Director

SECOND SUNRISE LIMITED Registered Number 08297905

Notes to the Abbreviated Accounts for the period ended 31 October 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net rental income received.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Plant and machinery etc - 25% on reducing balance.

Other accounting policies
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

DIRECTORS' ADVANCES, CREDITS AND GURANTEEES
At the balance sheet date, the company owed an amount of £67,898 (2014: £68,512) to Ms Ferris and an amount of £25,692 (2014: £4,365) to Mr G Bonarski

RELATED PARTY DISCLOSURES
During the period, total dividends of £21,000 (2014: £4,365) were paid to the directors. At the balance sheet date the company was owed £25,113 (2014: £15,398) from Fabric Time Ltd which is under common control of the directors.

ULTIMATE CONTROLLING PARTY
The controlling parties are Mr G P Bonarski and Ms G Ferris

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

2Tangible fixed assets

	£
Cost
At 1 December 2014	10,579
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	10,579
Depreciation
At 1 December 2014	1,867
Charge for the year	1,996
On disposals	-
At 31 October 2015	3,863
Net book values
At 31 October 2015	6,716
At 30 November 2014	8,712

3Fixed assets Investments
FIXED ASSET INVESTMENTS
Additions (Investments other than loans) at 31 October 2015 £1
Net book value at 31 October 2015 £1

INVESTMENT PROPERTY
Cost at 1 December 2014 £518,563
Additions £191,330
At 31 October 2015 £709,893
Net Book Value at 31 October 2015 £709,893 (2014: £518,563)