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REGISTERED NUMBER: 02830343 (England and Wales)




























Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Sandown Homes Limited

Sandown Homes Limited (Registered number: 02830343)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sandown Homes Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr C J Aldred



SECRETARY: Mrs D J Aldred



REGISTERED OFFICE: 125 Market Street
Farnworth
Bolton
Lancashire
BL4 8EX



REGISTERED NUMBER: 02830343 (England and Wales)



ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



BANKERS: The Royal Bank of Scotland Plc

Sandown Homes Limited (Registered number: 02830343)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 850,000 940,000

CURRENT ASSETS
Debtors 5 132,000 2,000
Investments 6 250,000 250,000
Cash at bank and in hand 53,425 186,834
435,425 438,834
CREDITORS
Amounts falling due within one year 7 10,271 34,855
NET CURRENT ASSETS 425,154 403,979
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,275,154

1,343,979

PROVISIONS FOR LIABILITIES 8 84,764 69,566
NET ASSETS 1,190,390 1,274,413

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Fair value reserve 465,400 570,599
Retained earnings 723,990 702,814
SHAREHOLDERS' FUNDS 1,190,390 1,274,413

Sandown Homes Limited (Registered number: 02830343)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2024 and were signed by:





Mr C J Aldred - Director


Sandown Homes Limited (Registered number: 02830343)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Sandown Homes 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is revalued at fair value by the Director at each reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Sandown Homes Limited (Registered number: 02830343)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 940,000
Revaluations (90,000 )
At 31 March 2024 850,000
NET BOOK VALUE
At 31 March 2024 850,000
At 31 March 2023 940,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2013 576,913
Valuation in 2014 34,580
Valuation in 2016 (54,196 )
Valuation in 2017 (32,500 )
Valuation in 2018 23,528
Valuation in 2020 45,000
Valuation in 2023 46,840
Valuation in 2024 (90,000 )
Cost 299,835
850,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 299,835 299,835

Investment property was valued on a fair value basis on 31 March 2024 by the Director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 132,000 2,000

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Short-term investments 250,000 250,000

Sandown Homes Limited (Registered number: 02830343)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 5,202 24,326
Social security and other taxes 674 552
Other creditors 161 610
Directors' current accounts 3,178 8,356
Accrued expenses 1,056 1,011
10,271 34,855

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 84,764 69,566

Deferred
tax
£   
Balance at 1 April 2023 69,566
Charge to Profit and Loss Account during year 15,198
Balance at 31 March 2024 84,764

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000