Registered number
02625642
Sandhills Management Limited
Unaudited Filleted Accounts
31 July 2024
Sandhills Management Limited
Registered number: 02625642
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1 1
Current assets
Debtors 4 7,043 5,372
Cash at bank and in hand 23,650 15,278
30,693 20,650
Creditors: amounts falling due within one year 5 (434) -
Net current assets 30,259 20,650
Net assets 30,260 20,651
Capital and reserves
Called up share capital 14 14
Members surplus funds 30,246 20,637
Shareholders' funds 30,260 20,651
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Fitton
Director
Approved by the board on 7 September 2024
Sandhills Management Limited
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is represented by contributions from members which are designed to cover the maintenance and other running costs of the building owned by the company plus a contingency for unforeseen costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold land and buildings are held at a nominal value, and not depreciated, as the value is considered by the Directors to rest with the lessee owners.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 August 2023 1
At 31 July 2024 1
Depreciation
At 31 July 2024 -
Net book value
At 31 July 2024 1
At 31 July 2023 1
4 Debtors 2024 2023
£ £
Service fee debtors outstanding at year end 2,134 667
Prepayments 4,909 4,705
7,043 5,372
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors - accrued expenses 434 -
6 Controlling party
There is no controlling party, each of the 14 shareholders has an equal share of the company.
7 Other information
Sandhills Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Bowden Way
Failand
Bristol
BS8 3XA
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