SUN ABS UK 01 LIMITED
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Cash
£306K
USD 408,742
-24.3% vs 2024
Net assets
£1.4M
USD 1,811,827
+12.2% vs 2024
Employees
0
Average over period
Profit before tax
£65K
USD 87,391
-77% vs 2024
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
Accounts not prepared on a going-concern basis
The Directors plan to realise the asset and settle liabilities of the Company with a view to liquidating the Company within the foreseeable future. Following the plan to liquidate the Company, the Directors concluded that the Company is not going concern. In assessing whether the going concern assumption was appropriate, the Directors considered all available information about the future of the Company. As a result, the financial statements have been prepared on a liquidation basis. Assets and liabilities have been reflected at their respective recoverable or contractual settlement amounts.
-
Going-concern uncertainty disclosed
Net assets
2-year trend · vs Industrials median
Accounts
2-year trend · Δ = latest vs prior filed period · latest reflected 2025-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | Δ vs prior |
|---|---|---|---|---|
| Turnover | £1,154,364 | £1,154,364 | 0% | |
| Operating profit | — | — | — | |
| Profit before tax | £284,618 | £65,422 | -77% | |
| Net profit | £284,618 | £147,929 | -48% | |
| Cash | £404,023 | £305,990 | -24.3% | |
| Total assets less current liabilities | — | — | — | |
| Net assets | £1,208,432 | £1,356,361 | +12.2% | |
| Equity | £1,208,432 | £1,356,361 | +12.2% | |
| Average employees | 0 | 0 | — | |
| Wages | — | — | — | |
| Directors' remuneration | — | — | — |
Figures converted to GBP from USD at 0.749 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 |
|---|---|---|---|
| Net margin | 24.7% | 12.8% | |
| Gearing (liabilities / total assets) | 93.7% | 93.2% | |
| Current ratio | 1.20x | 1.07x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Ernst & Young
- Audit opinion
- Unqualified (clean)
- Going concern
- Not a going concern (break-up basis)
“The Directors plan to realise the asset and settle liabilities of the Company with a view to liquidating the Company within the foreseeable future. Following the plan to liquidate the Company, the Directors concluded that the Company is not going concern. In assessing whether the going concern assumption was appropriate, the Directors considered all available information about the future of the Company. As a result, the financial statements have been prepared on a liquidation basis. Assets and liabilities have been reflected at their respective recoverable or contractual settlement amounts.”
Significant events
- “On September 2025, the Company has entered into an agreement for the sale of the two aircraft engine which meet the criteria under IFRS 5 to be classified as held for sale. The Company expects to finalise the sale of the two aircraft engine within twelve months from 31 March 2025. As a result, the Directors intend to liquidate the Company within twelve months from the date of approval of the financial statements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
4 active · 0 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MAPLES FIDUCIARY SERVICES (UK) LIMITED | Corporate Secretary | 2020-02-05 | — | — |
| LEAHY, Charles Michael | Director | 2020-02-05 | Feb 1975 | British |
| MAPLESFS UK CORPORATE DIRECTOR NO.1 LIMITED | Corporate Director | 2020-02-05 | — | — |
| MAPLESFS UK CORPORATE DIRECTOR NO.2 LIMITED | Corporate Director | 2020-02-05 | — | — |
Ownership
Persons with significant control
Filing timeline
Last 20 of 21 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-09 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-12-05 | AA | accounts | Accounts with accounts type full | |
| 2025-02-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-01-15 | AA | accounts | Accounts with accounts type full | |
| 2024-04-17 | CH01 | officers | Change person director company with change date | |
| 2024-04-12 | CH02 | officers | Change corporate director company with change date | |
| 2024-04-12 | CH02 | officers | Change corporate director company with change date | |
| 2024-04-12 | CH04 | officers | Change corporate secretary company with change date | |
| 2024-04-05 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-02-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-12-31 | AA | accounts | Accounts with accounts type full | |
| 2023-02-08 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-12-23 | AA | accounts | Accounts with accounts type full | |
| 2022-05-25 | AA | accounts | Accounts with accounts type full | |
| 2022-02-11 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-02-15 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2020-04-25 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2020-04-14 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2020-04-01 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2020-02-10 | AA01 | accounts | Change account reference date company current extended |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.