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REGISTERED NUMBER: 11881190 (England and Wales)












ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SANDY DEVELOPMENTS LIMITED

SANDY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11881190)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SANDY DEVELOPMENTS LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: A Milne
Mrs S J Milne





REGISTERED OFFICE: Seven Stars House
1 Wheler Road
Coventry
West Midlands
CV3 4LB





REGISTERED NUMBER: 11881190 (England and Wales)






SANDY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11881190)

ABRIDGED BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 - 170,000

CURRENT ASSETS
Work in progress 590,049 582,326
Debtors 6 250
Cash at bank 190,463 47,543
780,518 630,119
CREDITORS
Amounts falling due within one year 641,577 675,053
NET CURRENT ASSETS/(LIABILITIES) 138,941 (44,934 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

138,941

125,066

CREDITORS
Amounts falling due after more than one
year

(16,307

)

(26,179

)

PROVISIONS FOR LIABILITIES - (1,835 )
NET ASSETS 122,634 97,052

CAPITAL AND RESERVES
Called up share capital 10 10
Fair value reserve 6 - 5,505
Retained earnings 122,624 91,537
122,634 97,052

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.

SANDY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11881190)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 June 2024 and were signed on its behalf by:





A Milne - Director


SANDY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11881190)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Sandy 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.

The company's place of business is Units 10/11 Mere Farm Business Complex, Red House Lane, Hannington, Northamptonshire, NN6 9FP.

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.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Work in progress
The amount of profit attributable to the stage of completion of long term projects is arrived at by reference to the estimated overall profitability of the project. Appropriate provisions are made for any losses in the year in which they are first foreseen. Work in progress relating to long term projects is stated at cost less provision for anticipated losses.

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.

SANDY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11881190)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
COST
At 1 January 2023 170,000
Disposals (170,000 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 170,000

5. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 25,767 35,639

The bank loan is secured by a fixed and floating charge on the company's assets.

6. RESERVES
Fair
value
reserve
£   
At 1 January 2023 5,505
Property revaluation (7,340 )
Fair value disposal 1,835

At 31 December 2023 -