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 2018

Period of accounts

Start date: 01 June 2017

End date: 31 May 2018

SUNDO LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2018

Balance sheet
Notes

SUNDO LIMITED

Balance sheet

As at 31 May 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 2 0 163
Investments: 3 620,000 620,000
Total fixed assets: 620,000 620,163
Current assets
Cash at bank and in hand: 711 36,945
Total current assets: 711 36,945
Creditors: amounts falling due within one year:   (485,276) (35,005)
Net current assets (liabilities): (484,565) 1,940
Total assets less current liabilities: 135,435 622,103
Creditors: amounts falling due after more than one year:     (484,416)
Total net assets (liabilities): 135,435 137,687
Capital and reserves
Called up share capital: 100 100
Revaluation reserve:411,91711,917
Profit and loss account: 123,418 125,670
Shareholders funds: 135,435 137,687

The notes form part of these financial statements

SUNDO LIMITED

Balance sheet statements

For the year ending 31 May 2018 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.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 05 December 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 2018

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 2018

2. Tangible Assets

Total
Cost £
At 01 June 2017 489
At 31 May 2018 489
Depreciation
At 01 June 2017 326
Charge for year 163
At 31 May 2018 489
Net book value
At 31 May 2018 0
At 31 May 2017 163

SUNDO LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2018

3. Fixed investments

Tangible fixed assetsDepreciation is provided at the following annual rates in order to write off each asset over its estimated usefullife.Computer equipment - 33.33% on costlnvestment propertylnvestment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes inmarket value is transferred to a revaluation reserve.ln accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) no depreciation isprovided in respect of freehold properties held as investments.This is a departure 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 directors consider that todepreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected inthe annual valuation of properties and accordingly the amount of depreciation which might otherwise have beencharged cannot be separately identified or quantified. The Directors consider that this policy results in thefinancial statements giving a true and fair view.

SUNDO LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2018

4. Revaluation reserve

2018
£
Balance at 01 June 2017 11,917
Surplus or deficit after revaluation 0
Balance at 31 May 2018 11,917