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REGISTERED NUMBER: 00496224 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Sandown Property Company (Liverpool)
Limited

Sandown Property Company (Liverpool)
Limited (Registered number: 00496224)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sandown Property Company (Liverpool)
Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr M A Fraenkel
Mrs R M Coleman
Mrs B L Fraenkel





SECRETARY: Mr M A Fraenkel





REGISTERED OFFICE: 3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ





REGISTERED NUMBER: 00496224 (England and Wales)





ACCOUNTANTS: Haines Watts
3rd Floor Pacific Chambers
11-13 Victoria Street
Liverpool
Merseyside
L2 5QQ

Sandown Property Company (Liverpool)
Limited (Registered number: 00496224)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 16,654 22,187
Investment property 5 6,380,000 6,000,000
6,396,654 6,022,187

CURRENT ASSETS
Debtors 6 239,752 199,677
Cash at bank 2,785,532 2,608,913
3,025,284 2,808,590
CREDITORS
Amounts falling due within one year 7 239,278 266,444
NET CURRENT ASSETS 2,786,006 2,542,146
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,182,660

8,564,333

CAPITAL AND RESERVES
Called up share capital 8 2,000 2,000
Capital redemption reserve 9 5,000 5,000
Retained earnings 9 9,175,660 8,557,333
SHAREHOLDERS' FUNDS 9,182,660 8,564,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Sandown Property Company (Liverpool)
Limited (Registered number: 00496224)

Balance Sheet - continued
29 February 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





Mr M A Fraenkel - Director


Sandown Property Company (Liverpool)
Limited (Registered number: 00496224)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Sandown Property Company (Liverpool) 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable, a rent is recognised as income in the period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% reducing balance

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investment property
Investment property is revalued by the directors each year, market values being used as a basis for the revaluation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST OR VALUATION
At 1 March 2023
and 29 February 2024 6,659 2,523 51,459 2,201 62,842
DEPRECIATION
At 1 March 2023 6,433 2,523 29,498 2,201 40,655
Charge for year 44 - 5,490 (1 ) 5,533
At 29 February 2024 6,477 2,523 34,988 2,200 46,188
NET BOOK VALUE
At 29 February 2024 182 - 16,471 1 16,654
At 28 February 2023 226 - 21,961 - 22,187

Sandown Property Company (Liverpool)
Limited (Registered number: 00496224)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS - continued

The properties were revalued by the directors on 28 February 2022, on the basis of their market values at that date.

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 March 2023 6,000,000
Revaluations 380,000
At 29 February 2024 6,380,000
NET BOOK VALUE
At 29 February 2024 6,380,000
At 28 February 2023 6,000,000

Fair value at 29 February 2024 is represented by:
£
Valuation in 2019 6,834,371
Valuation in 2020 (254,371 )
Valuation in 2021 (250,000 )
Valuation in 2022 (175,000 )
Valuation in 2023 (155,000 )
Valuation in 2024 380,000
6,380,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£ £
Rents debtor 11,831 190,829
Other debtors 227,921 8,848
239,752 199,677

Sandown Property Company (Liverpool)
Limited (Registered number: 00496224)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£ £
Trade creditors - 7,964
Tax 78,279 32,777
Social security and other taxes 2,157 1,276
VAT 52,215 58,756
Rents in Advance 59,784 65,250
Other Creditor 23,951 23,951
Sundry Creditors 2,550 61,161
Dyson creditor 14,342 9,309
Accrued expenses 6,000 6,000
239,278 266,444

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £ £
2,000 Ordinary £1 2,000 2,000

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£ £ £

At 1 March 2023 8,557,333 5,000 8,562,333
Profit for the year 714,327 714,327
Dividends (96,000 ) (96,000 )
At 29 February 2024 9,175,660 5,000 9,180,660

10. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Sandown Property Holdings Limited, a company registered in England and Wales.

Group accounts are not required.