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
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
Sandbrook Capital BES Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
1,965
2,621
Investment property
700,000
700,000
Investments
11,134,210
11,514,833
Cash at bank and in hand
1,106,519
161,532
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
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
Sandbrook Capital BES Ltd
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
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:
Plant & machinery
25% Reducing Balance Basis
Computer equipment
25% Reducing Balance Basis
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.
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 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.
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
At 1 November 2022
397
477
874
Charge for the year
358
298
656
At 31 October 2023
755
775
1,530
At 31 October 2023
833
1,132
1,965
At 31 October 2022
1,191
1,430
2,621
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
Fair value adjustments
(648,737)
Valuation at 31 October 2023
11,134,210
Amounts falling due within one year
Accrued income and prepayments
2,260
-
8
Creditors: amounts falling due within one year
2023
2022
Loans from directors
520
17,047
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).