SUNDO LIMITED

SUNDO LIMITED

SUNDO LIMITED - Company Information

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SUNDO LIMITED

Company Registration Number:
06581755 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2017

Period of accounts

Start date: 01 June 2016

End date: 31 May 2017

SUNDO LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2017

Balance sheet
Notes

SUNDO LIMITED

Balance sheet

As at 31 May 2017


Notes
2017
2016


£
£
Fixed assets
Tangible assets: 2 163 326
Investments: 3 620,000 620,000
Total fixed assets: 620,163 620,326
Current assets
Cash at bank and in hand: 36,945 14,561
Total current assets: 36,945 14,561
Creditors: amounts falling due within one year:   (35,005) (33,009)
Net current assets (liabilities): 1,940 (18,448)
Total assets less current liabilities: 622,103 601,878
Creditors: amounts falling due after more than one year:   (484,416) (462,464)
Total net assets (liabilities): 137,687 139,414
Capital and reserves
Called up share capital: 100 100
Other reserves: 11,917 11,917
Profit and loss account: 125,670 127,397
Shareholders funds: 137,687 139,414

The notes form part of these financial statements

SUNDO LIMITED

Balance sheet statements

For the year ending 31 May 2017 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 09 February 2018
and signed on behalf of the board by:

Name: Wai Fu Man
Status: Director

The notes form part of these financial statements

SUNDO LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2017

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SUNDO LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2017


2. Tangible Assets

Total
Cost £
At 01 June 2016 489
At 31 May 2017 489
Depreciation
At 01 June 2016 163
Charge for year 163
At 31 May 2017 326
Net book value
At 31 May 2017 163
At 31 May 2016 326

SUNDO LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2017

3. Fixed investments


Tangible fixed assets Depreciation is provided at the followingannual rates in order to write off each asset over its estimated useful life. Computer equipment -33.33% on cost lnvestment property lnvestment property is shown at most recent valuation. Anyaggregate surplus or deficit arising from changes in market value is transferred to a revaluationreserve. ln accordance with the Financial Reporting Standard for Smaller Entities (effective April2008) no depreciation is provided in respect of freehold properties held as investments. This is adeparture from the requirements of the Companies Act 2006 which requires all properties to bedepreciated. Such properties are held for investment and not for consumption and the directorsconsider that to depreciate them would not give a true and fair view. Depreciation is only one of themany elements reflected in the annual valuation of properties and accordingly the amount ofdepreciation which might otherwise have been charged cannot be separately identified or quantified.The Directors consider that this policy results in the financial statements giving a true and fair view.