Registration number:
Sun Mark International Ltd
for the Period from 26 November 2020 to 30 November 2021
Sun Mark International Ltd
Contents
Company Information |
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Directors' Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
Sun Mark International Ltd
Company Information
Directors |
H S Ahuja Vinar N V |
Company secretary |
N A O Qazi |
Registered office |
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Sun Mark International Ltd
Directors' Report for the Period from 26 November 2020 to 30 November 2021
The directors present their report and the financial statements for the period from 26 November 2020 to 30 November 2021.
Incorporation
The company was incorporated on
Directors of the company
The directors who held office during the period were as follows:
Principal activity
The principal activity of the company is as a holding company incorporated to acquire investments.
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 and authorised by the
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Sun Mark International Ltd
Profit and Loss Account for the Period from 26 November 2020 to 30 November 2021
Note |
2021 |
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Turnover |
- |
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Gross profit/(loss) |
- |
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Operating profit/(loss) |
- |
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Profit/(loss) before tax |
- |
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Profit/(loss) for the financial period |
- |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the period other than the results above.
Sun Mark International Ltd
Statement of Comprehensive Income for the Period from 26 November 2020 to 30 November 2021
2021 |
|
Profit/(loss) for the period |
- |
Total comprehensive income for the period |
- |
Sun Mark International Ltd
(Registration number: 13044859)
Balance Sheet as at 30 November 2021
Note |
2021 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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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 current liabilities |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
1,000,000 |
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Share premium reserve |
14,062,500 |
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Shareholders' funds |
15,062,500 |
For the financial period ending 30 November 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
For the financial period ending 30 November 2021 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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.
Approved and authorised by the
Sun Mark International Ltd
(Registration number: 13044859)
Balance Sheet as at 30 November 2021
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Sun Mark International Ltd
Statement of Changes in Equity for the Period from 26 November 2020 to 30 November 2021
Share capital |
Share premium |
Total |
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New share capital subscribed |
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At 30 November 2021 |
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Sun Mark International Ltd
Notes to the Unaudited Financial Statements for the Period from 26 November 2020 to 30 November 2021
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
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.
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Sun Mark International Ltd
Notes to the Unaudited Financial Statements for the Period from 26 November 2020 to 30 November 2021
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Investments |
2021 |
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Investments in subsidiaries |
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Debtors |
Current |
2021 |
Prepayments |
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Sun Mark International Ltd
Notes to the Unaudited Financial Statements for the Period from 26 November 2020 to 30 November 2021
Creditors |
Creditors: amounts falling due after more than one year
Note |
2021 |
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Due after one year |
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Loans and borrowings |
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Share capital |
Allotted, called up and fully paid shares
2021 |
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No. |
£ |
|
|
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1,000,000 |
Loans and borrowings |
2021 |
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Non-current loans and borrowings |
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Bank borrowings |
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Other borrowings |
|
|
2021 |
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Current loans and borrowings |
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Bank borrowings |
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Other borrowings |
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