Company Registration No. 12495910 (England and Wales)
Sanctum Investments Ltd
Unaudited accounts
for the year ended 31 March 2023
Sanctum Investments Ltd
Statement of financial position
as at 31 March 2023
Investment property
2,318,700
2,318,700
Cash at bank and in hand
12,232
8,294
Creditors: amounts falling due within one year
(229,911)
(224,968)
Net current liabilities
(217,704)
(213,172)
Total assets less current liabilities
2,100,996
2,105,528
Creditors: amounts falling due after more than one year
(1,215,312)
(1,215,312)
Net assets
885,684
890,216
Called up share capital
100
100
Share premium
901,038
901,038
Profit and loss account
(15,454)
(10,922)
Shareholders' funds
885,684
890,216
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2024 and were signed on its behalf by
Timothy Russell BIRCH
Director
Company Registration No. 12495910
Sanctum Investments Ltd
Notes to the Accounts
for the year ended 31 March 2023
Sanctum Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 12495910. The registered office is 1 High Street Mews, Wimbledon Village, London, SW19 7RG, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fair value at 1 April 2022
2,318,700
At 31 March 2023
2,318,700
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the income
statement.
Amounts falling due within one year
Amounts due from group undertakings etc.
-
3,503
Accrued income and prepayments
(25)
(1)
Sanctum Investments Ltd
Notes to the Accounts
for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023
2022
Amounts owed to group undertakings and other participating interests
(2,255)
(6,950)
Loans from directors
227,996
227,996
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Creditors: amounts falling due after more than one year
2023
2022
Bank loans
1,215,312
1,215,312
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).