SP UK Sunshine Limited - Accounts to registrar (filleted) - small 17.3
SP UK Sunshine Limited - Accounts to registrar (filleted) - small 17.3
REGISTERED NUMBER: |
AUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
FOR |
SP UK SUNSHINE LIMITED |
SP UK SUNSHINE LIMITED (REGISTERED NUMBER: 09002764) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 March 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
SP UK SUNSHINE LIMITED |
COMPANY INFORMATION |
for the Year Ended 31 March 2017 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
Statutory Auditor |
Manor Court Chambers |
Townsend Drive |
Nuneaton |
Warwickshire |
CV11 6RU |
SP UK SUNSHINE LIMITED (REGISTERED NUMBER: 09002764) |
BALANCE SHEET |
31 March 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | 10 | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on |
SP UK SUNSHINE LIMITED (REGISTERED NUMBER: 09002764) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 March 2017 |
1. | STATUTORY INFORMATION |
SP UK Sunshine Limited is a |
number and registered office address can be found on the Company Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The accounts have been prepared on a going concern basis. The company is reliant on the support of the parent company, |
who have indicated their willingness to support the company for the foreseeable future. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable for the letting of residential property. |
Tangible fixed assets |
Fixtures and fittings | - |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value |
is recognised in profit or loss. |
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. |
Loans and borrowings |
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are |
measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a |
finance transaction it is measured at present value. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL. |
SP UK SUNSHINE LIMITED (REGISTERED NUMBER: 09002764) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 March 2017 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 1 April 2016 |
and 31 March 2017 |
DEPRECIATION |
At 1 April 2016 |
Charge for year |
At 31 March 2017 |
NET BOOK VALUE |
At 31 March 2017 |
At 31 March 2016 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2016 |
Revaluations | (229,980 | ) |
At 31 March 2017 |
NET BOOK VALUE |
At 31 March 2017 |
At 31 March 2016 |
The investment property is subject to a charge in favour of HSBC Bank plc. |
Fair value at 31 March 2017 is represented by: |
£ |
Valuation in 2017 | (229,980 | ) |
Cost | 1,379,980 |
1,150,000 |
If investment property had not been revalued it would have been included at the following historical cost: |
2017 | 2016 |
£ | £ |
Cost | 1,379,980 | 1,379,980 |
Investment property was valued on an open market basis on 21 September 2017 by Firstgem Limited trading as Winkworth |
. |
SP UK SUNSHINE LIMITED (REGISTERED NUMBER: 09002764) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 March 2017 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
8. | SECURED DEBTS |
The company has provided a joint guarantee to secure loan facilities to group undertakings, which creates a fixed and |
floating charge over the assets of the company. The amounts outstanding under these facilities as at 31 March 2017 were |
£678,133 (2016: £267,729). |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
10. | RESERVES |
Retained |
earnings |
£ |
At 1 April 2016 |
Deficit for the year | ( |
) |
At 31 March 2017 | ( |
) |
11. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
12. | RELATED PARTY DISCLOSURES |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial |
Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly |
owned subsidiaries within the group. |
SP UK SUNSHINE LIMITED (REGISTERED NUMBER: 09002764) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 March 2017 |
13. | ULTIMATE CONTROLLING PARTY |
The immediate parent company is Stabilised Pavements UK Limited, a company registered in England and Wales. Its parent |
company is Stabilisation Services Pty Limited, a company registered in Australia. |
The address from which group accounts can be obtained is: Byrons, 62 Burwood Road, Burwood, NSW 2134, Australia. |
The directors believe the controlling parties are Wilstar Pty Limited, Edinburgh Securities Pty Limited, companies registered |
in Australia and G. Howe, director, acting in concert. |