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REGISTERED NUMBER: 02667641 (England and Wales)



































Financial Statements

for the Year Ended 31 December 2023

for

Sandycroft Developments Limited

Sandycroft Developments Limited (Registered number: 02667641)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sandycroft Developments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A J Lucyk
Mrs P V Dickinson
D Dickinson
Ms D L Wright





SECRETARY: A J Lucyk





REGISTERED OFFICE: Cherry Tree Cottage
School Lane
Onneley
Crewe
Cheshire
CW3 9QN





REGISTERED NUMBER: 02667641 (England and Wales)





ACCOUNTANTS: Paterson Brodie Limited
Chartered Certified Accountants
Cliveden Chambers
Cliveden Place
Longton
Stoke-on-Trent
Staffordshire
ST3 4JB

Sandycroft Developments Limited (Registered number: 02667641)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 45 45
Investment property 5 225,000 282,000
225,045 282,045

CURRENT ASSETS
Properties under the
course of construction 245,027 438,250
Debtors 6 332,560 329,198
Cash at bank 386,503 224,258
964,090 991,706
CREDITORS
Amounts falling due within one year 7 304,185 294,612
NET CURRENT ASSETS 659,905 697,094
TOTAL ASSETS LESS CURRENT
LIABILITIES

884,950

979,139

PROVISIONS FOR LIABILITIES 17,157 16,933
NET ASSETS 867,793 962,206

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 126,284 163,238
Retained earnings 9 741,409 798,868
SHAREHOLDERS' FUNDS 867,793 962,206

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Sandycroft Developments Limited (Registered number: 02667641)

Balance Sheet - continued
31 December 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 5 February 2024 and were signed on its behalf by:




A J Lucyk - Director



D Dickinson - Director


Sandycroft Developments Limited (Registered number: 02667641)

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

1. STATUTORY INFORMATION

Sandycroft Developments 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

Sandycroft Developments Limited (Registered number: 02667641)

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 45
NET BOOK VALUE
At 31 December 2023 45
At 31 December 2022 45

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 282,000
Disposals (57,000 )
At 31 December 2023 225,000
NET BOOK VALUE
At 31 December 2023 225,000
At 31 December 2022 282,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2020 143,441
Cost 81,559
225,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 325 788
Subsidiary company loan
- Betley Property Limited 329,500 324,500
Prepayments & accrued income 2,735 3,910
332,560 329,198

Sandycroft Developments Limited (Registered number: 02667641)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Tax 10,790 884
Associate company loan - Dickinson & Lucyk
Limited

287,933

287,933
Tenants deposits held 1,965 2,430
Accrued expenses & deferred income 3,497 3,365
304,185 294,612

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2023 798,868 163,238 962,106
Profit for the year 102,541 102,541
Dividends (160,000 ) (160,000 )
Reserve written back - (36,954 ) (36,954 )
At 31 December 2023 741,409 126,284 867,693