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 |