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REGISTERED NUMBER: 07027477 (England and Wales)















Report of the Directors and

Financial Statements for the Year Ended 28 February 2023

for

Sanda Investments (UK) Limited

Sanda Investments (UK) Limited (Registered number: 07027477)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Sanda Investments (UK) Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: S P Geoghegan
A P Geoghegan





REGISTERED OFFICE: 47 Osborne Road
Southport
PR8 2RJ





REGISTERED NUMBER: 07027477 (England and Wales)





ACCOUNTANTS: M P Greaves Limited
Chartered Certified Accountants
74 Marmot Road
Liverpool
Merseyside
L37 6GB

Sanda Investments (UK) Limited (Registered number: 07027477)

Report of the Directors
for the Year Ended 28 February 2023

The directors present their report with the financial statements of the company for the year ended 28 February 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 March 2022 to the date of this report.

S P Geoghegan
A P Geoghegan

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





A P Geoghegan - Director


31 October 2023

Sanda Investments (UK) Limited (Registered number: 07027477)

Income Statement
for the Year Ended 28 February 2023

28.2.23 28.2.22
Notes £    £   

TURNOVER 305,530 301,551

Cost of sales 60,031 68,846
GROSS PROFIT 245,499 232,705

Administrative expenses 94,431 70,232
151,068 162,473

Other operating income - 1,798
OPERATING PROFIT 4 151,068 164,271

Interest receivable and similar income 23 1
151,091 164,272
Gain/loss on revaluation of investment
property

258,792

162,013
409,883 326,285

Interest payable and similar expenses 19,941 62,050
PROFIT BEFORE TAXATION 389,942 264,235

Tax on profit 74,089 50,204
PROFIT FOR THE FINANCIAL YEAR 315,853 214,031

Sanda Investments (UK) Limited (Registered number: 07027477)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,919 1,307
Investment property 6 4,473,788 3,697,033
4,477,707 3,698,340

CURRENT ASSETS
Cash at bank 364,613 35,784

CREDITORS
Amounts falling due within one year 7 2,088,812 1,666,635
NET CURRENT LIABILITIES (1,724,199 ) (1,630,851 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,753,508

2,067,489

CREDITORS
Amounts falling due after more than one
year

8

(1,767,623

)

(1,447,124

)

PROVISIONS FOR LIABILITIES (146,167 ) (96,500 )
NET ASSETS 839,718 523,865

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 839,618 523,765
839,718 523,865

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Sanda Investments (UK) Limited (Registered number: 07027477)

Balance Sheet - continued
28 February 2023


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

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by:





A P Geoghegan - Director


Sanda Investments (UK) Limited (Registered number: 07027477)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Sanda Investments (UK) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

28.2.23 28.2.22
£    £   
Depreciation - owned assets 1,422 614

Sanda Investments (UK) Limited (Registered number: 07027477)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 3,073
Additions 4,034
At 28 February 2023 7,107
DEPRECIATION
At 1 March 2022 1,766
Charge for year 1,422
At 28 February 2023 3,188
NET BOOK VALUE
At 28 February 2023 3,919
At 28 February 2022 1,307

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 3,697,033
Additions 517,963
Revaluations 258,792
At 28 February 2023 4,473,788
NET BOOK VALUE
At 28 February 2023 4,473,788
At 28 February 2022 3,697,033

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2021 344,574
Valuation in 2022 162,013
Valuation in 2023 258,792
Cost 3,708,409
4,473,788

If investment property had not been revalued it would have been included at the following historical cost:

28.2.23 28.2.22
£    £   
Cost 3,708,409 3,190,446

Investment property was valued on an open market basis on 28 February 2023 by Mr A P Geoghegan and Mr S P Geoghegan .

Sanda Investments (UK) Limited (Registered number: 07027477)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts - 31,248
Trade creditors 2,439 396
Taxation and social security 24,579 19,539
Other creditors 2,061,794 1,615,452
2,088,812 1,666,635

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 1,767,623 1,447,124

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,767,623 -