SANDHURST ESTATES LIMITED

Company Registration Number:
04788817 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2022

Period of accounts

Start date: 01 April 2021

End date: 31 March 2022

SANDHURST ESTATES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2022

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

SANDHURST ESTATES LIMITED

Company Information

for the Period Ended 31 March 2022




Director: Randal Eric Goldsmith
Secretary: Sheila Ross Stocker
Registered office: Sandhurst Estates Limited
50 Sandhurst Drive
Ilford
Essex
IG3 9DD
Company Registration Number: 04788817 (England and Wales)

SANDHURST ESTATES LIMITED

Directors' Report Period Ended 31 March 2022

The directors present their report with the financial statements of the company for the period ended 31 March 2022

Principal Activities

Property management and investment

Political and charitable donations

None

Company policy on the employment of disabled persons

NA

Directors

The directors shown below have held office during the whole of the period from 01 April 2021 to 31 March 2022
Randal Eric Goldsmith

Secretary
Sheila Ross Stocker

This report was approved by the board of directors on 18 August 2022
And Signed On Behalf Of The Board By:

Name: Randal Eric Goldsmith
Status: Director

SANDHURST ESTATES LIMITED

Profit and Loss Account

for the Period Ended 31 March 2022


Notes

2022
£

2021
£
Turnover 153,218 147,045
Cost of sales ( 72,532 ) ( 87,775 )
Gross Profit or (Loss) 80,686 59,270
Distribution Costs ( 1,210 ) ( 1,320 )
Administrative Expenses ( 33,133 ) ( 41,339 )
Operating Profit or (Loss) 46,343 16,611
Interest Receivable and Similar Income 4,501 8,906
Interest Payable and Similar Charges ( 9,759 ) ( 7,651 )
Profit or (Loss) Before Tax 41,085 17,866
Tax on Profit ( 8,009 ) ( 1,692 )
Profit or (Loss) for Period 33,076 16,174

The notes form part of these financial statements

SANDHURST ESTATES LIMITED

Balance sheet

As at 31 March 2022


Notes

2022
£

2021
£
Fixed assets
Intangible assets: 4 480,000 843,518
Tangible assets: 5 1,564,490 1,569,363
Total fixed assets: 2,044,490 2,412,881
Current assets
Debtors: 6 8,437
Cash at bank and in hand: 542,104 130,657
Total current assets: 542,104 139,094
Creditors: amounts falling due within one year: 7 ( 8,037 ) ( 2,269 )
Net current assets (liabilities): 534,067 136,825
Total assets less current liabilities: 2,578,557 2,549,706
Creditors: amounts falling due after more than one year: 8 ( 271,443 ) ( 275,668 )
Total net assets (liabilities): 2,307,114 2,274,038

The notes form part of these financial statements

SANDHURST ESTATES LIMITED

Balance sheet continued

As at 31 March 2022


Notes

2022
£

2021
£
Capital and reserves
Called up share capital: 1,000,000 1,000,000
Revaluation reserve: 9 612,233 612,233
Profit and loss account: 694,881 661,805
Shareholders funds: 2,307,114 2,274,038

For the year ending 31 March 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 18 August 2022
And Signed On Behalf Of The Board By:

Name: Randal Eric Goldsmith
Status: Director

The notes form part of these financial statements

SANDHURST ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is the sum of rental income received from properties owned by Sandhurst Estates Limited and income from managing properties not owned by the company.
    Rent is accounted for when due rather than when received, except where rent due by 31 March 2022 is still outstanding at the time of preparing the accounts and it is prudent to provide for as a bad debt.

    Tangible fixed assets depreciation policy

    Fixtures and fitting are depreciated at 20% of historic cost per annum on a reducing balance basis.

    Valuation information and policy

    Property valuations are reviewed annually, taking account of the sale prices of comparable properties; where there are significant differences, re-valuations are applied.

SANDHURST ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

  • 2. Employees


    2022

    2021
    Average number of employees during the period 0 0

SANDHURST ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

  • 3. Off balance sheet disclosure

    No

SANDHURST ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

4. Intangible assets

Other Total
Cost £ £
At 01 April 2021 843,518 843,518
Additions - -
Disposals ( 363,518 ) ( 363,518 )
Revaluations - -
Transfers - -
At 31 March 2022 480,000 480,000
Amortisation
Amortisation at 01 April 2021 - -
Charge for year - -
On disposals - -
Other adjustments - -
Amortisation at 31 March 2022 - -
Net book value
Net book value at 31 March 2022 480,000 480,000
Net book value at 31 March 2021 843,518 843,518

SANDHURST ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

5. Tangible assets

Land & buildings Fixtures & fittings Total
Cost £ £ £
At 01 April 2021 1,545,000 34,079 1,579,079
Additions - - -
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 March 2022 1,545,000 34,079 1,579,079
Depreciation
At 01 April 2021 - 9,716 9,716
Charge for year - 4,873 4,873
On disposals - - -
Other adjustments - - -
At 31 March 2022 - 14,589 14,589
Net book value
At 31 March 2022 1,545,000 19,490 1,564,490
At 31 March 2021 1,545,000 24,363 1,569,363

SANDHURST ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

6. Debtors


2022
£

2021
£
Other debtors 8,437
Total 8,437

SANDHURST ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

7.Creditors: amounts falling due within one year note


2022
£

2021
£
Taxation and social security 8,009 1,708
Other creditors 28 561
Total 8,037 2,269

SANDHURST ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

8.Creditors: amounts falling due after more than one year


2022
£

2021
£
Bank loans and overdrafts 266,800 266,800
Other creditors 4,643 8,868
Total 271,443 275,668

SANDHURST ESTATES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

9. Revaluation reserve


2022
£
Balance at 01 April 2021 612,233
Surplus or deficit after revaluation 0
Balance at 31 March 2022 612,233