Abbreviated Company Accounts - SUNRISE (UK) PROPERTIES LIMITED

SUNRISE (UK) PROPERTIES LIMITED - Company Information

07363781 SUNRISE (UK) PROPERTIES LIMITED 2014-09-30 false 2013-10-01 2014-09-30 true 07363781 2013-10-01 2014-09-30 07363781 2014-09-30 07363781 2013-09-30 07363781 uk-gaap-cd-bus:Director1 2013-10-01 2014-09-30 07363781 uk-gaap-cd-bus:Director2 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-01 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-30 iso4217:GBP shares

Registered Number 07363781

SUNRISE (UK) PROPERTIES LIMITED

Abbreviated Accounts

30 September 2014

SUNRISE (UK) PROPERTIES LIMITED Registered Number 07363781

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	15,000,000	13,500,000
		15,000,000	13,500,000
Current assets
Debtors		47,618	52,037
Cash at bank and in hand		310,148	417,371
		357,766	469,408
Creditors: amounts falling due within one year	3	(38,002)	(224,639)
Net current assets (liabilities)		319,764	244,769
Total assets less current liabilities		15,319,764	13,744,769
Creditors: amounts falling due after more than one year	3	(12,196,732)	(12,144,120)
Total net assets (liabilities)		3,123,032	1,600,649
Capital and reserves
Called up share capital	4	100	100
Revaluation reserve		3,913,885	2,413,885
Profit and loss account		(790,953)	(813,336)
Shareholders' funds		3,123,032	1,600,649

For the year ending 30 September 2014 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 15 June 2015

And signed on their behalf by:
C T Gibson, Director

SUNRISE (UK) PROPERTIES LIMITED Registered Number 07363781

Notes to the Abbreviated Accounts for the period ended 30 September 2014

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 comprises revenue recognised by the company in respect of rental income received during the year, exclusive of Value Added Tax and trade discounts.

Other accounting policies
Investment properties
Investment properties are included in the Balance Sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets are depreciated but is, in the opinion of the director, necessary in order to give a true and fair view of the financial position of the company.

Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. Exchange gains and losses are taken to the profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 October 2013	13,500,000
Additions	-
Disposals	-
Revaluations	1,500,000
Transfers	-
At 30 September 2014	15,000,000
Depreciation
At 1 October 2013	-
Charge for the year	-
On disposals	-
At 30 September 2014	-
Net book values
At 30 September 2014	15,000,000
At 30 September 2013	13,500,000

3Creditors

	2014 £	2013 £
Secured Debts	6,165,000	6,165,000

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100