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REGISTERED NUMBER: 00496224 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Sandown Property Company (Liverpool)
Limited

Sandown Property Company (Liverpool)
Limited (Registered number: 00496224)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sandown Property Company (Liverpool)
Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mr M A Fraenkel
Mrs R M Coleman
Mrs B L Fraenkel





SECRETARY: Mr M A Fraenkel





REGISTERED OFFICE: 3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ





REGISTERED NUMBER: 00496224 (England and Wales)





ACCOUNTANTS: Haines Watts
3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ

Sandown Property Company (Liverpool)
Limited (Registered number: 00496224)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 22,187 29,565
Investment property 5 6,000,000 6,155,000
6,022,187 6,184,565

CURRENT ASSETS
Debtors 6 199,677 182,099
Cash at bank 2,608,913 2,312,702
2,808,590 2,494,801
CREDITORS
Amounts falling due within one year 7 266,444 244,754
NET CURRENT ASSETS 2,542,146 2,250,047
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,564,333

8,434,612

CAPITAL AND RESERVES
Called up share capital 8 2,000 2,000
Capital redemption reserve 9 5,000 5,000
Retained earnings 9 8,557,333 8,427,612
SHAREHOLDERS' FUNDS 8,564,333 8,434,612

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.

Sandown Property Company (Liverpool)
Limited (Registered number: 00496224)

Balance Sheet - continued
28 February 2023


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 21 November 2023 and were signed on its behalf by:





Mr M A Fraenkel - Director


Sandown Property Company (Liverpool)
Limited (Registered number: 00496224)

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

1. STATUTORY INFORMATION

Sandown Property Company (Liverpool) 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 represents rents receivable, a rent is recognised as income in the period to which it relates.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% reducing balance

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investment property
Investment property is revalued by the directors each year, market values being used as a basis for the revaluation.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST OR VALUATION
At 1 March 2022
and 28 February 2023 6,659 2,523 51,459 2,201 62,842
DEPRECIATION
At 1 March 2022 6,376 2,522 22,178 2,201 33,277
Charge for year 57 1 7,320 - 7,378
At 28 February 2023 6,433 2,523 29,498 2,201 40,655
NET BOOK VALUE
At 28 February 2023 226 - 21,961 - 22,187
At 28 February 2022 283 1 29,281 - 29,565

The properties were revalued by the directors on 28 February 2022, on the basis of their market values at that date.

Sandown Property Company (Liverpool)
Limited (Registered number: 00496224)

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

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 March 2022 6,155,000
Disposals (155,000 )
At 28 February 2023 6,000,000
NET BOOK VALUE
At 28 February 2023 6,000,000
At 28 February 2022 6,155,000

Fair value at 28 February 2023 is represented by:
£
Valuation in 2019 6,834,371
Valuation in 2020 (254,371 )
Valuation in 2021 (250,000 )
Valuation in 2022 (175,000 )
Valuation in 2023 (155,000 )
6,000,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£ £
Rents debtor 190,829 182,099
Other debtors 8,848 -
199,677 182,099

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£ £
Trade creditors 7,964 -
Tax 32,777 44,233
Social security and other taxes 1,276 2,186
VAT 58,756 27,149
Rents in Advance 65,250 41,500
Other Creditor 23,951 33,992
Sundry Creditors 70,470 80,673
Accrued expenses 6,000 15,021
266,444 244,754

Sandown Property Company (Liverpool)
Limited (Registered number: 00496224)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £ £
2,000 Ordinary £1 2,000 2,000

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£ £ £

At 1 March 2022 8,427,612 5,000 8,432,612
Profit for the year 225,721 225,721
Dividends (96,000 ) (96,000 )
At 28 February 2023 8,557,333 5,000 8,562,333

10. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Sandown Property Holdings Limited, a company registered in England and Wales.

Group accounts are not required.