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REGISTERED NUMBER: 04538046 (England and Wales)















Financial Statements for the Year Ended 31 March 2022

for

Sanctum Fixed Income Limited

Sanctum Fixed Income Limited (Registered number: 04538046)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sanctum Fixed Income Limited

Company Information
for the Year Ended 31 March 2022







DIRECTOR: A J Mayhew





REGISTERED OFFICE: 21 Knightsbridge
London
SW1X 7LY





REGISTERED NUMBER: 04538046 (England and Wales)





AUDITOR: Paul Hartley FCA
Statutory Auditor
PO Box 27075
London
N2 0FZ

Sanctum Fixed Income Limited (Registered number: 04538046)

Balance Sheet
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 127,000 127,000
127,000 127,000

CURRENT ASSETS
Debtors 6 3,447 4,910
Cash at bank - 3,702
3,447 8,612
CREDITORS
Amounts falling due within one year 7 172,318 162,498
NET CURRENT LIABILITIES (168,871 ) (153,886 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(41,871

)

(26,886

)

CAPITAL AND RESERVES
Called up share capital 8 1 1
Capital redemption reserve 1 1
Retained earnings (41,873 ) (26,888 )
SHAREHOLDERS' FUNDS (41,871 ) (26,886 )

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 August 2022 and were signed by:





A J Mayhew - Director


Sanctum Fixed Income Limited (Registered number: 04538046)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Sanctum Fixed Income Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Financial instruments
The entity does not trade in financial instruments and all such instruments arise directly from operations. All trade and other debtors are initially recognised at transaction value, as none contain in substance a financing transaction. Thereafter trade and other debtors are reviewed for impairment where there is objective evidence based on observable data that the balance may be impaired. The entity does not hold collateral against its trade and other receivables so its exposure to credit risk is the net balance of trade and other debtors after allowance for impairment. The entity's cash holdings comprise on demand balances. All cash is held with banks with strong external credit ratings. Trade and other creditors and accruals are initially recognised at transaction value as none represent a financing transaction. They are only derecognised when they are extinguished. As the entity only has short term receivables and payables, its net current asset position is a reasonable measure of its liquidity at any given time.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Sanctum Fixed Income Limited (Registered number: 04538046)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
The company's sole activity is the provision of services to Sanctum FI LLP ('the LLP'). As detailed in the LLP's financial statements there is uncertainty over whether it will continue to trade. If the decision is taken to wind up the LLP, the company will also be wound up on a solvent basis. No decision has yet been taken and as such the director considers it appropriate to prepare the accounts on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2021
and 31 March 2022 1,993 92,539 94,532
DEPRECIATION
At 1 April 2021
and 31 March 2022 1,993 92,539 94,532
NET BOOK VALUE
At 31 March 2022 - - -
At 31 March 2021 - - -

Sanctum Fixed Income Limited (Registered number: 04538046)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

5. FIXED ASSET INVESTMENTS
Interest
in other
participating
interests
£   
COST
At 1 April 2021
and 31 March 2022 127,000
NET BOOK VALUE
At 31 March 2022 127,000
At 31 March 2021 127,000

The above investment represents an investment in Sanctum FI LLP, a limited liability partnership in which the company is a corporate member. The director has determined that the fair value of the investment is equivalent to its costs.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 1,108 -
Directors' current accounts 1,641 -
Tax - 4,560
VAT 698 350
3,447 4,910

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 392 24
Amounts owed to group undertakings 163,833 148,833
Other creditors 3,093 3,000
Paul Oliver Loan 5,000 5,000
Directors' current accounts - 5,641
172,318 162,498

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
1 Ordinary 1 1 1

Sanctum Fixed Income Limited (Registered number: 04538046)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditor was unqualified.

Paul Hartley FCA