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Company Registration No. 13698461 (England and Wales)
Sandbrook Capital BES Ltd Unaudited accounts for the year ended 31 October 2023
Sandbrook Capital BES Ltd Unaudited accounts Contents
Page
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Sandbrook Capital BES Ltd Company Information for the year ended 31 October 2023
Director
Mr Paul Anthony Sawbridge
Company Number
13698461 (England and Wales)
Registered Office
22 Mayfield Road Liverpool L19 3QA
Accountants
Mrs Catherine Flannery, FMAAT, FCCA, BSc (Hons) South Devon Accounting Ltd 6 Orchard Close Ogwell Newton Abbot TQ12 6AL
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Sandbrook Capital BES Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,965 
2,621 
Investment property
700,000 
700,000 
Investments
11,134,210 
11,514,833 
11,836,175 
12,217,454 
Current assets
Debtors
36,313 
55,434 
Cash at bank and in hand
1,106,519 
161,532 
1,142,832 
216,966 
Creditors: amounts falling due within one year
(134,064)
(18,047)
Net current assets
1,008,768 
198,919 
Total assets less current liabilities
12,844,943 
12,416,373 
Creditors: amounts falling due after more than one year
(2,610,904)
(1,084,527)
Provisions for liabilities
Deferred tax
(2,533,247)
(2,808,057)
Net assets
7,700,792 
8,523,789 
Capital and reserves
Called up share capital
100,000 
100,000 
Profit and loss account
7,600,792 
8,423,789 
Shareholders' funds
7,700,792 
8,523,789 
For the year ending 31 October 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 director acknowledges his 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 and authorised for issue on 25 July 2024 and were signed on its behalf by
Mr Paul Anthony Sawbridge Director Company Registration No. 13698461
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Sandbrook Capital BES Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Sandbrook Capital BES Ltd is a private company, limited by shares, registered in England and Wales, registration number 13698461. The registered office is 22 Mayfield Road, Liverpool, L19 3QA.
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.
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:
Plant & machinery
25% Reducing Balance Basis
Computer equipment
25% Reducing Balance Basis
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.
Investment projects
Project revaluations have been calculated at the current market rates per MW using anticipated capacity. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the projects are completed.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Sandbrook Capital BES Ltd Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
1,588 
1,907 
3,495 
At 31 October 2023
1,588 
1,907 
3,495 
Depreciation
At 1 November 2022
397 
477 
874 
Charge for the year
358 
298 
656 
At 31 October 2023
755 
775 
1,530 
Net book value
At 31 October 2023
833 
1,132 
1,965 
At 31 October 2022
1,191 
1,430 
2,621 
5
Investment property
2023 
£ 
Fair value at 1 November 2022
700,000 
At 31 October 2023
700,000 
6
Investments
Other investments 
£ 
Valuation at 1 November 2022
11,514,833 
Additions
304,479 
Fair value adjustments
(648,737)
Disposals
(36,365)
Valuation at 31 October 2023
11,134,210 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
34,053 
27,946 
Accrued income and prepayments
2,260 
- 
Other debtors
- 
27,488 
36,313 
55,434 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
132,544 
- 
Loans from directors
520 
17,047 
Accruals
1,000 
1,000 
134,064 
18,047 
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Sandbrook Capital BES Ltd Notes to the Accounts for the year ended 31 October 2023
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
2,610,904 
1,084,527 
The company has a loan in place with interest charged at 12% per annum. This will not be repayable until projects are completed.
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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