| Sunrise (UK) Properties Ltd |
|
| Report to the directors on the preparation of the unaudited abbreviated accounts of Sunrise (UK) Properties Ltd for the year ended 30 September 2015 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Sunrise (UK) Properties Ltd for the year ended 30 September 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/ |
| This report is made solely to the Board of Directors of Sunrise (UK) Properties Ltd, as a body, in accordance with the terms of our engagement letter dated 1 January 2016. Our work has been undertaken solely to prepare for your approval the accounts of Sunrise (UK) Properties Ltd and state those matters that we have agreed to state to the Board of Directors of Sunrise (UK) Properties Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sunrise (UK) Properties Ltd and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that Sunrise (UK) Properties Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Sunrise (UK) Properties Ltd. You consider that Sunrise (UK) Properties Ltd is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the accounts of Sunrise (UK) Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the abbreviated accounts. |
|
| Rimmington Thomson Partnership Ltd |
| Chartered Certified Accountants |
| 13 Royal Crescent |
|
| Glasgow |
|
| G3 7SL |
|
| 15 June 2016 |
|
| Sunrise (UK) Properties Ltd |
| Registered number: |
07363781 |
| Abbreviated Balance Sheet |
| as at 30 September 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
15,000,000 |
|
|
15,000,000 |
|
|
|
|
15,000,000 |
|
|
15,000,000 |
|
| Current assets |
| Debtors |
5 |
|
38,462 |
|
|
47,618 |
| Cash at bank and in hand |
|
|
311,701 |
|
|
310,148 |
|
|
|
350,163 |
|
|
357,766 |
|
| Creditors: amounts falling due within one year |
|
|
(67,247) |
|
|
(38,002) |
|
| Net current assets |
|
|
|
282,916 |
|
|
319,764 |
|
| Total assets less current liabilities |
|
|
|
15,282,916 |
|
|
15,319,764 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(12,335,222) |
|
|
(12,196,732) |
|
|
| Net assets |
|
|
|
2,947,694 |
|
|
3,123,032 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
100 |
|
|
100 |
| Revaluation reserve |
|
|
|
3,913,885 |
|
|
3,913,885 |
| Profit and loss account |
|
|
|
(966,291) |
|
|
(790,953) |
|
| Shareholders' funds |
|
|
|
2,947,694 |
|
|
3,123,032 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
| Craig Gibson |
| Director |
| Approved by the board on 15 June 2016 |
|
| Sunrise (UK) Properties Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 30 September 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover comprises revenue recognised by the company in respect of rental income received during the year, exclusive of Value Added Tax and trade discounts. |
|
|
|
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. |
|
|
|
|
|
|
|
|
Long term leasehold investment property |
|
| 2 |
Investment properties |
£ |
|
|
Cost |
|
At 1 October 2014 |
15,000,000 |
|
Surplus on revaluation |
|
At 30 September 2015 |
15,000,000 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
- |
|
100 |
|
100 |
