Registration number:
Sun Property Development Limited
for the Period from 23 December 2015 to 31 December 2016
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH
Sun Property Development Limited
Contents
Company Information |
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Directors' Report |
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Balance Sheet |
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Notes to the Financial Statements |
Sun Property Development Limited
Company Information
Directors |
Mr Morgan Stanley William Phillips Mr Rufat Ramiz Gasimov Mr Azar Hajiyev |
Company secretary |
Mr David Wood |
Registered office |
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Accountants |
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Page 1 |
Sun Property Development Limited
Directors' Report for the Period from 23 December 2015 to 31 December 2016
The directors present their report and the financial statements for the period from 23 December 2015 to 31 December 2016.
Incorporation
The company was incorporated on
Director of the company
The director who held office during the period was as follows:
The following directors were appointed after the period end:
Principal activity
The principal activity of the company is property development.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the Board on
.........................................
Mr Rufat Ramiz Gasimov
Director
.........................................
Mr Azar Hajiyev
Director
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Sun Property Development Limited
(Registration number: 09927517)
Balance Sheet as at 31 December 2016
Note |
2016 |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net liabilities |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
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Total equity |
( |
For the financial period ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Mr Rufat Ramiz Gasimov
Director
.........................................
Mr Azar Hajiyev
Director
Page 3 |
Sun Property Development Limited
Notes to the Financial Statements for the Period from 23 December 2015 to 31 December 2016
General information |
The company is a private company limited by share capital incorporated in UK.
The address of its registered office is:
United Kingdom
The principal place of business is:
271 Embankment Road
Plymouth
PL4 9JH
United Kingdom
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
As at the period end, the company's balance sheet shows net current liabilities and an overall deficiency of assets of £1,176. Accordingly, the directors have had to consider the basis upon which the accounts should be prepared and determine whether a going concern basis remains appropriate. The accounts have been prepared on a going concern basis as the director continues to provide financial support, when necessary, to the company. The director has also reviewed the position for twelve months from the date the accounts were approved and in his opinion the company will reduce the balance sheet deficiency and will positive results for the next financial period.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Page 4 |
Sun Property Development Limited
Notes to the Financial Statements for the Period from 23 December 2015 to 31 December 2016
Creditors |
Note |
2016 |
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Due within one year |
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Other creditors |
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Related party transactions |
Included within creditors due within one year is a loan from Guardian Industrial (UK) Limited for £200 and a loan from RS Twenty 2 Limited for £200. Mr Phillips has an interest in these companies.
Also included within creditors due within one year, is a director's current account for Mr Phillips of £50. This amount is interest free and repayable on demand.
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