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Company Registration No. 12094162 (England and Wales)
SANGO & CO PROPERTY LTD Unaudited accounts for the year ended 31 July 2023
SANGO & CO PROPERTY LTD Unaudited accounts Contents
Page
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SANGO & CO PROPERTY LTD Company Information for the year ended 31 July 2023
Directors
Bamidele Sangolola Helen Sangolola
Company Number
12094162 (England and Wales)
Registered Office
128 City Road London EC1V 2NX United Kingdom
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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SANGO & CO PROPERTY LTD Accountants' report
Accountants' report to the board of directors of SANGO & CO PROPERTY LTD on the preparation of the unaudited statutory accounts for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SANGO & CO PROPERTY LTD for the year ended 31 July 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of SANGO & CO PROPERTY LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of SANGO & CO PROPERTY LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SANGO & CO PROPERTY LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SANGO & CO PROPERTY LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SANGO & CO PROPERTY LTD. You consider that SANGO & CO PROPERTY LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of SANGO & CO PROPERTY LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 18 April 2024
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SANGO & CO PROPERTY LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
300,466 
197,237 
Current assets
Cash at bank and in hand
3,438 
847 
Creditors: amounts falling due within one year
(72,825)
(72,465)
Net current liabilities
(69,387)
(71,618)
Total assets less current liabilities
231,079 
125,619 
Creditors: amounts falling due after more than one year
(230,465)
(128,882)
Net assets/(liabilities)
614 
(3,263)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
612 
(3,265)
Shareholders' funds
614 
(3,263)
For the year ending 31 July 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 18 April 2024 and were signed on its behalf by
Bamidele Sangolola Director Company Registration No. 12094162
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SANGO & CO PROPERTY LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
SANGO & CO PROPERTY LTD is a private company, limited by shares, registered in England and Wales, registration number 12094162. The registered office is 128 City Road, London, EC1V 2NX, 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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2023 
£ 
Fair value at 1 August 2022
197,237 
Additions
103,229 
At 31 July 2023
300,466 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
168 
- 
Loans from directors
72,081 
72,081 
Accruals
576 
384 
72,825 
72,465 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
230,465 
128,882 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
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SANGO & CO PROPERTY LTD Notes to the Accounts for the year ended 31 July 2023
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Bamidele Sangolola
Direcctor Loan Account
(72,081)
- 
- 
(72,081)
(72,081)
- 
- 
(72,081)
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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