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REGISTERED NUMBER: 08566573 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Sandhill Barns Ltd

Sandhill Barns Ltd (Registered number: 08566573)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sandhill Barns Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: J C H Hewitt





REGISTERED OFFICE: Bennett House
The Dean
Alresford
Hampshire
SO24 9BH





REGISTERED NUMBER: 08566573 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
Bennett House
The Dean
Alresford
Hampshire
SO24 9BH

Sandhill Barns Ltd (Registered number: 08566573)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,300,000 1,300,000

CURRENT ASSETS
Debtors 5 5,344 1,320
Cash at bank and in hand 22,802 37,171
28,146 38,491
CREDITORS
Amounts falling due within one year 6 783,379 808,815
NET CURRENT LIABILITIES (755,233 ) (770,324 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

544,767

529,676

PROVISIONS FOR LIABILITIES 7 100,535 100,535
NET ASSETS 444,232 429,141

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve - non-distributable 428,598 428,598
Retained earnings 15,534 443
SHAREHOLDERS' FUNDS 444,232 429,141

Sandhill Barns Ltd (Registered number: 08566573)

Balance Sheet - continued
31 July 2023


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

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

The director acknowledges his 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 director and authorised for issue on 18 January 2024 and were signed by:





J C H Hewitt - Director


Sandhill Barns Ltd (Registered number: 08566573)

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

1. STATUTORY INFORMATION

Sandhill Barns Ltd 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 invoiced rent receivable.

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

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 1,300,000
NET BOOK VALUE
At 31 July 2023 1,300,000
At 31 July 2022 1,300,000

Sandhill Barns Ltd (Registered number: 08566573)

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

4. INVESTMENT PROPERTY - continued

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2022 529,133
Cost 770,867
1,300,000

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

2023 2022
£    £   
Cost 770,867 770,867

Investment property was valued on an open market basis on 31 July 2022 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,344 1,320

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 2,292
Corporation tax 3,873 333
Knightsbridge Farms Limited 88,256 116,256
Cheverton Aggregates Limited 5,856 5,856
Directors' current accounts 683,593 682,278
Accrued expenses 1,801 1,800
783,379 808,815

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Property revaluations 100,535 100,535

Deferred
tax
£   
Balance at 1 August 2022 100,535
Property revaluations
Balance at 31 July 2023 100,535

Sandhill Barns Ltd (Registered number: 08566573)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary 'A' £1 50 50
50 Ordinary 'B' £1 50 50
100 100

The Ordinary 'A' shares and Ordinary 'B' shares rank pari passu in all respects except that dividends may be paid to the holders of one class of shares to the exclusion of the other at the director's discretion.

9. RELATED PARTY DISCLOSURES

Knightsbridge Farms Limited
J C H Hewitt is a director

During the period under review the company incurred management fees to Knightsbridge Farms Limited amounting to £21,440 (2022 - £21,600).

Cheverton Aggregates Limited
J C H Hewitt is a director

During the period under review Cheverton Aggregates Limited paid expenses on behalf of the company amounting to £nil (2021 - £5,856).

2023 2022
£ £
Amounts due to related parties at the balance sheet date:
Mr J C H Hewitt - director 683,593 682,278
Knightsbridge Farms Limited 88,256 116,256
Cheverton Aggregates Limited 5,856 5,856