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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
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
2,318,700 
2,318,700 
Current assets
Debtors
(25)
3,502 
Cash at bank and in hand
12,232 
8,294 
12,207 
11,796 
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 
Capital and reserves
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
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Sanctum Investments Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
4
Investment property
2023 
£ 
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.
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
- 
3,503 
Accrued income and prepayments
(25)
(1)
(25)
3,502 
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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 
Accruals
4,170 
3,922 
229,911 
224,968 
7
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).
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