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REGISTERED NUMBER: 05732000 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2023

for

J. F. SANDY (STAFFORD) LIMITED

J. F. SANDY (STAFFORD) LIMITED (REGISTERED NUMBER: 05732000)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

J. F. SANDY (STAFFORD) LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs J F Sandy
D F Sandy
T G Sandy





SECRETARY: K Evans





REGISTERED OFFICE: c/o The Soup Kitchen (Stafford) Ltd
Church Lane
Stafford
Staffordshire
ST16 2AW





REGISTERED NUMBER: 05732000 (England and Wales)





ACCOUNTANTS: CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW

J. F. SANDY (STAFFORD) LIMITED (REGISTERED NUMBER: 05732000)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 303,529 310,559

CURRENT ASSETS
Debtors 5 19,135 -
Cash at bank 101,298 116,477
120,433 116,477
CREDITORS
Amounts falling due within one year 6 17,645 12,662
NET CURRENT ASSETS 102,788 103,815
TOTAL ASSETS LESS CURRENT
LIABILITIES

406,317

414,374

ACCRUALS AND DEFERRED INCOME 21,459 20,209
NET ASSETS 384,858 394,165

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 (7,030 ) -
Retained earnings 391,788 394,065
SHAREHOLDERS' FUNDS 384,858 394,165

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Board of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by:





D F Sandy - Director


J. F. SANDY (STAFFORD) LIMITED (REGISTERED NUMBER: 05732000)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

J. F. Sandy (Stafford) 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 as modified by the revaluation of certain assets.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements, estates and assumptions that affect the amounts reported for the assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Letting income
Rental income from operating leases is recognised on an accruals basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 415,415
Revaluations (111,886 )
At 31 March 2023 303,529
DEPRECIATION
At 1 April 2022 104,856
Revaluation adjustments (104,856 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 303,529
At 31 March 2022 310,559

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 (111,886 )
Cost 415,415
303,529

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 19,135 -

J. F. SANDY (STAFFORD) LIMITED (REGISTERED NUMBER: 05732000)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 267 361
Taxation and social security 17,378 12,301
17,645 12,662

7. RESERVES
Revaluation
reserve
£   
Investment property (7,030 )

At 31 March 2023 (7,030 )

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
J. F. Sandy (Stafford) Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of J. F. Sandy (Stafford) Limited for the year ended 31 March 2023 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of J. F. Sandy (Stafford) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of J. F. Sandy (Stafford) Limited and state those matters that we have agreed to state to the Board of Directors of J. F. Sandy (Stafford) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than J. F. Sandy (Stafford) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that J. F. Sandy (Stafford) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J. F. Sandy (Stafford) Limited. You consider that J. F. Sandy (Stafford) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of J. F. Sandy (Stafford) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW


30 September 2023