|
|
|
|
Sandhill Developments Limited
|
|
|
|
Notes to the financial statements
|
|
for the year ended 31 December 2023
|
|
|
|
|
|
1
|
Company information
|
|
|
|
|
|
The company is registered in England and Wales. Its registered number is 09219843. The company is
limited by shares. Its registered office is C/O Pomegranate, 3 Hardman Square, Manchester, M3 3EB.
|
|
|
|
|
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 historic cost convention.
|
|
|
|
|
|
Going concern
|
|
|
In preparing these financial statements, the directors have assessed whether there are any material
uncertainties related to events or conditions that cast significant doubt upon the company's ability to
continue as a going concern. In making this assessment, the directors take into account all available
information about the future which is at least 12 months from the date that the financial statements are
authorised for issue.
|
|
|
|
|
|
The directors consider that the company has adequate resources to continue in business for the
foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial
statements.
|
|
|
|
|
|
Stocks
|
|
|
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete
and slow moving items.
|
|
|
|
|
3
|
Average number of employees
|
|
|
|
|
|
During the year the average number of employees was Nil (2022 - Nil).
|
|
|
|
|
4
|
Controlling party
|
|
|
|
|
|
The ultimate controlling party is Freyr Ltd. Freyr Ltd is registered in Jersey. Company registered number
136699, PO Box 437, 1st Floor, Kensington Chambers, 46/50 Kensington Place, St Helier, Jersey, JE4
0ZE
|
|
|
|
|
3
|