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REGISTERED NUMBER: 12668252 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Sandown Storage Limited

Sandown Storage Limited (Registered number: 12668252)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sandown Storage Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: J P Hannan
Mrs K Callieu
K J W Hannan





SECRETARY:





REGISTERED OFFICE: 16c Sandown Road
Lake
Isle of Wight
PO36 9JP





REGISTERED NUMBER: 12668252 (England and Wales)





ACCOUNTANTS: Allegri & Co.
16c Sandown Road
Lake
Isle of Wight
PO36 9JP

Sandown Storage Limited (Registered number: 12668252)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 776,509 797,626

CURRENT ASSETS
Debtors 5 55,705 650
Cash at bank 1,510 4,168
57,215 4,818
CREDITORS
Amounts falling due within one year 6 482,786 563,658
NET CURRENT LIABILITIES (425,571 ) (558,840 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

350,938

238,786

CREDITORS
Amounts falling due after more than one year 7 306,288 228,761
NET ASSETS 44,650 10,025

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 44,648 10,023
SHAREHOLDERS' FUNDS 44,650 10,025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Storage Limited (Registered number: 12668252)

Balance Sheet - continued
30 June 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 29 January 2024 and were signed on its behalf by:





J P Hannan - Director


Sandown Storage Limited (Registered number: 12668252)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Sandown Storage 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.

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 - 25% on reducing balance and 15% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022 522,098 328,080 850,178
Additions - 6,330 6,330
At 30 June 2023 522,098 334,410 856,508
DEPRECIATION
At 1 July 2022 - 52,552 52,552
Charge for year - 27,447 27,447
At 30 June 2023 - 79,999 79,999
NET BOOK VALUE
At 30 June 2023 522,098 254,411 776,509
At 30 June 2022 522,098 275,528 797,626

Sandown Storage Limited (Registered number: 12668252)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 55,705 650

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Taxation and social security 5,730 5,129
Other creditors 477,056 558,529
482,786 563,658

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Other creditors 306,288 228,761

8. RELATED PARTY DISCLOSURES

At the year end, other debtors includes a loan of £55,000 due from Island New Developments Ltd and other creditors includes a loan of £5,000 from Hannan Developments Ltd, companies under common control. These loans are interest free and repayable on demand.