Second Sunrise Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08297905 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2017

for

Second Sunrise Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms G Ferris

G Bonarski

REGISTERED OFFICE:

11 Station Hill

Chippenham

Wiltshire

SN15 1EQ

REGISTERED NUMBER:

08297905 (England and Wales)

ACCOUNTANTS:

Grafton Jones

Chartered Tax Advisers & Business Accountants

2 New Road

Chippenham

Wiltshire

SN15 1EJ

FIXED ASSETS

Investments

4

1

1

Investment property

5

-

1,089,581

1

1,089,582

CURRENT ASSETS

Debtors

6

68,205

59,705

Cash at bank

14,747

15,002

82,952

74,707

CREDITORS

Amounts falling due within one year

7

(64,549

)

(742,143

)

NET CURRENT ASSETS/(LIABILITIES)

18,403

(667,436

)

TOTAL ASSETS LESS CURRENT LIABILITIES

18,404

422,146

CREDITORS

Amounts falling due after more than one year

8

-

(414,671

)

NET ASSETS

18,404

7,475

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

18,204

7,275

SHAREHOLDERS' FUNDS

18,404

7,475

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 13 July 2018 and were signed on its behalf by:

G Bonarski - Director

1.	STATUTORY INFORMATION

Second Sunrise 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

4.	FIXED ASSET INVESTMENTS

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2016

1,089,581

Disposals

(1,089,581

)

At 31 October 2017

-

NET BOOK VALUE

At 31 October 2017

-

At 31 October 2016

1,089,581

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Other debtors

68,205

59,705

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade creditors

(1

)

2,748

Amounts owed to group undertakings

1

1

Taxation and social security

4,321

7,998

Other creditors

60,228

731,396

64,549

742,143

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.17

31.10.16

£

£

Bank loans

-

414,671

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £7,000 were paid to the directors .

At the balance sheet date the company was owed £68,205.36 (2016: £59,705.36) from Fabric Time Ltd which is

under common control of the directors.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company are the Directors, by virtue of the fact that they owns 100% of the

share capital.