Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-312The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falseNo description of principal activityfalse2021-01-012true 07852996 2021-01-01 2021-12-31 07852996 2020-01-01 2020-12-31 07852996 2021-12-31 07852996 2020-12-31 07852996 c:Director2 2021-01-01 2021-12-31 07852996 d:CurrentFinancialInstruments 2021-12-31 07852996 d:CurrentFinancialInstruments 2020-12-31 07852996 d:Non-currentFinancialInstruments 2021-12-31 07852996 d:Non-currentFinancialInstruments 2020-12-31 07852996 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 07852996 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 07852996 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 07852996 d:Non-currentFinancialInstruments d:AfterOneYear 2020-12-31 07852996 d:ShareCapital 2021-12-31 07852996 d:ShareCapital 2020-12-31 07852996 d:RetainedEarningsAccumulatedLosses 2021-12-31 07852996 d:RetainedEarningsAccumulatedLosses 2020-12-31 07852996 c:FRS102 2021-01-01 2021-12-31 07852996 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 07852996 c:AbridgedAccounts 2021-01-01 2021-12-31 07852996 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Registered number: 07852996









SANDALEX TRADING LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

 
SANDALEX TRADING LTD
REGISTERED NUMBER: 07852996

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
50,654
50,724

Cash at bank and in hand
 5 
191
122

  
50,845
50,846

Creditors: amounts falling due within one year
 6 
(4,800)
(4,800)

Net current assets
  
 
 
46,045
 
 
46,046

Total assets less current liabilities
  
46,045
46,046

Creditors: amounts falling due after more than one year
 7 
(199,907)
(199,906)

  

Net liabilities
  
(153,862)
(153,860)


Capital and reserves
  

Called up share capital 
  
94
94

Profit and loss account
  
(153,956)
(153,954)

  
(153,862)
(153,860)


Page 1

 
SANDALEX TRADING LTD
REGISTERED NUMBER: 07852996
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2021

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 August 2022.




................................................
Mrs S F Hamilton
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SANDALEX TRADING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Sandalex Trading Ltd is a company limited by shares and is incorporated in England and Wales. Its current registered office is Pitt House, 120 Baker Street, London, W1U 6TU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

The presentation currency is pounds sterling and is rounded to the nearest pound.

 
2.2

Going concern

These accounts have been prepared on a going concern basis on the understanding that the
directors will continue to financially support the company.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 3

 
SANDALEX TRADING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2020 - 2).

Page 4

 
SANDALEX TRADING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Debtors

2021
2020
£
£


Amounts owed by associate undertakings
50,654
50,724

50,654
50,724



5.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
191
122

191
122



6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
3,600
3,600

Other creditors
1,200
1,200

4,800
4,800



7.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Directors' loan account
199,907
199,906

199,907
199,906


Directors' loan account is non-interest bearing.

Page 5

 
SANDALEX TRADING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

8.


Related party transactions

Included in debtors is a balance of £50,654 (2019: £50,724) receivable from Sandalex Investments Ltd, a company in which Mrs Hamilton and Mrs Harris are shareholders.


9.


Controlling party

The ultimate controlling party is The Board of Directors by appointment of the Shareholders.

 
Page 6