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REGISTERED NUMBER: 07115900 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 December 2023

for

Sanctum On The Green Ltd

Sanctum On The Green Ltd (Registered number: 07115900)






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




Page

Company Information 1

Report of the Director 2

Balance Sheet 3

Notes to the Financial Statements 5


Sanctum On The Green Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: M N J Fuller





REGISTERED OFFICE: The Sanctum On The Green
The Old Cricket Common
Cookham Dean
SL6 9NZ





REGISTERED NUMBER: 07115900 (England and Wales)

Sanctum On The Green Ltd (Registered number: 07115900)

Report of the Director
for the Year Ended 31 December 2023

The director presents his report with the financial statements of the company for the year ended 31 December 2023.

CESSATION OF TRADING
The company ceased trading on 1 January 2024.

DIVIDENDS
No dividends will be distributed for the year ended 31 December 2023.

EVENTS SINCE THE END OF THE YEAR
Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTOR
M N J Fuller held office during the whole of the period from 1 January 2023 to the date of this report.

ON BEHALF OF THE BOARD:





M N J Fuller - Director


10 September 2024

Sanctum On The Green Ltd (Registered number: 07115900)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 - 99

CURRENT ASSETS
Debtors: amounts falling due within
one year

5

340

-
Cash at bank 6 3 29
343 29
CREDITORS
Amounts falling due within one year 7 7,932 2,933,070
NET CURRENT LIABILITIES (7,589 ) (2,933,041 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,589

)

(2,932,942

)

CREDITORS
Amounts falling due after more than
one year

8

41,580

49,167
NET LIABILITIES (49,169 ) (2,982,109 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (49,269 ) (2,982,209 )
SHAREHOLDERS' FUNDS (49,169 ) (2,982,109 )

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 director acknowledges his 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.

Sanctum On The Green Ltd (Registered number: 07115900)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 September 2024 and were signed by:





M N J Fuller - Director


Sanctum On The Green Ltd (Registered number: 07115900)

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

1. STATUTORY INFORMATION

Sanctum On The Green Ltd 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less impairment.

Sanctum On The Green Ltd (Registered number: 07115900)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Where investments in a non-derivative financial instrument that is equity of the issuer is publicly traded or the fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Sanctum On The Green Ltd (Registered number: 07115900)

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

2. ACCOUNTING POLICIES - continued
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.

Going concern
As a result of the company selling the business after the year end 31 December 2023 the financial statement have been prepared on a basis other then that of the going concern basis. This basis includes, where applicable writing the company's assets down to net realisable value.

The parent company has confirmed its financial support of the company to repay its outstanding liabilities.

Debtors and creditors
Short term debtors, classified as receivable in one year, are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term creditors, classified as payable in one year, are measured at the transaction price. Other financial liabilities including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

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

Sanctum On The Green Ltd (Registered number: 07115900)

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1 January 2023 99
Impairments (99 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 99

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 340 -

6. CASH AT BANK

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings under current liabilities.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 7,232 1,453
Amounts owed to group undertakings - 2,929,075
Taxation and social security 700 2,042
Other creditors - 500
7,932 2,933,070

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 41,580 49,167

Sanctum On The Green Ltd (Registered number: 07115900)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.23 31.12.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr 12,655 19,886

2022 comparative figure restated.

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Concept Venues Ltd - 2,929,075

The following debenture existed at the year end:






04/04/2013



Concept
Venues
Ltd



All monies due or to
become due from the
company.
Fixed and floating charge over the
undertaking and all property and
assets present and future, including
goodwill, book debts, uncalled
capital, buildings, fixtures, fixed plant
& machinery.

10. RELATED PARTY DISCLOSURES

RESTATED: For past accounts filed incorrect disclosures have been made to related party transactions between directors / shareholders of the company, no related party relationships existed. The current and prior year reflect the correct disclosure under FRS 102 Section 1A.

The parent company.


During the year the parent company gave the company general funding of £6,552 (2022: £9,890). In the year the parent company wrote off the balance of £2,935,627 owed by the company. At the balance sheet date the company owes the parent company £NIL (2022: £2,929,075). The amount was classified as a current creditor and was repayable on demand, no interest was charged.

11. POST BALANCE SHEET EVENTS

After the year end 31 December 2023 the business was sold.

Sanctum On The Green Ltd (Registered number: 07115900)

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

12. ULTIMATE CONTROLLING PARTY

The parent company is Concept Venues Limited (Company Number 03831969. Registered office address: 20 Warwick Street, London, England, W1B 5NF).

RESTATED: For past accounts the parent company is Concept Venues Limited (Company Number 03831969. Registered office address: 20 Warwick Street, London, England, W1B 5NF). Incorrect disclosure had been made to ultimate controlling parties of the parent company (Concept Venues Limited) in past accounts. There is no ultimate controlling party of the parent company (Concept Venues Limited) due to the nature of the share ownership nor through any other powers..