IRIS Accounts Production v24.3.0.553 01954285 Board of Directors 1.11.22 31.10.23 31.10.23 0 0 false true false false true false Fair value model Ordinary 10.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh019542852022-10-31019542852023-10-31019542852022-11-012023-10-31019542852021-10-31019542852021-11-012022-10-31019542852022-10-3101954285ns15:EnglandWales2022-11-012023-10-3101954285ns14:PoundSterling2022-11-012023-10-3101954285ns10:Director12022-11-012023-10-3101954285ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3101954285ns10:SmallEntities2022-11-012023-10-3101954285ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3101954285ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3101954285ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3101954285ns10:FullAccounts2022-11-012023-10-3101954285ns10:OrdinaryShareClass12022-11-012023-10-3101954285ns10:Director22022-11-012023-10-3101954285ns10:Director32022-11-012023-10-3101954285ns10:Director52022-11-012023-10-3101954285ns10:Director62022-11-012023-10-3101954285ns10:Director72022-11-012023-10-3101954285ns10:Director82022-11-012023-10-3101954285ns10:RegisteredOffice2022-11-012023-10-3101954285ns5:CurrentFinancialInstruments2023-10-3101954285ns5:CurrentFinancialInstruments2022-10-3101954285ns5:ShareCapital2023-10-3101954285ns5:ShareCapital2022-10-3101954285ns5:SharePremium2023-10-3101954285ns5:SharePremium2022-10-3101954285ns5:RetainedEarningsAccumulatedLosses2023-10-3101954285ns5:RetainedEarningsAccumulatedLosses2022-10-3101954285ns5:FurnitureFittings2022-11-012023-10-3101954285ns5:LandBuildings2022-10-3101954285ns5:FurnitureFittings2022-10-3101954285ns5:LandBuildings2023-10-3101954285ns5:FurnitureFittings2023-10-3101954285ns5:LandBuildings2022-10-3101954285ns5:FurnitureFittings2022-10-3101954285ns5:UnlistedNon-exchangeTradedns5:CostValuation2022-10-3101954285ns5:UnlistedNon-exchangeTraded2023-10-3101954285ns5:UnlistedNon-exchangeTraded2022-10-3101954285ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3101954285ns5:WithinOneYearns5:CurrentFinancialInstruments2022-10-3101954285ns5:DeferredTaxation2022-10-3101954285ns5:DeferredTaxation2022-11-012023-10-3101954285ns5:DeferredTaxation2023-10-3101954285ns10:OrdinaryShareClass12023-10-31
REGISTERED NUMBER: 01954285 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR

SINCLAIR SANDWICH THANET LIMITED

SINCLAIR SANDWICH THANET LIMITED (REGISTERED NUMBER: 01954285)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SINCLAIR SANDWICH THANET LIMITED

COMPANY INFORMATION
for the Year Ended 31st October 2023







DIRECTORS: Dr S Strickland
Ms M Griffiths Versteeg
A D E Ford
G M Klaukka
I D Parker
S M Cowan
Dr E M R Ottina


REGISTERED OFFICE: Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX


REGISTERED NUMBER: 01954285 (England and Wales)


ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX


SOLICITORS: BDB Pitmans LLP
One Bartholomew Close
London
EC1A 7BL

SINCLAIR SANDWICH THANET LIMITED (REGISTERED NUMBER: 01954285)

BALANCE SHEET
31st October 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 645,853 645,853
Investments 5 1,680 1,680
Investment property 6 182,216 188,245
829,749 835,778

CURRENT ASSETS
Debtors 7 38,327 45,651
Cash at bank 434,459 424,496
472,786 470,147
CREDITORS
Amounts falling due within one year 8 8,354 16,281
NET CURRENT ASSETS 464,432 453,866
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,294,181

1,289,644

PROVISIONS FOR LIABILITIES 9 17,726 19,248
NET ASSETS 1,276,455 1,270,396

CAPITAL AND RESERVES
Called up share capital 10 1,620 1,620
Share premium 395,950 395,950
Retained earnings 878,885 872,826
SHAREHOLDERS' FUNDS 1,276,455 1,270,396

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 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.

SINCLAIR SANDWICH THANET LIMITED (REGISTERED NUMBER: 01954285)

BALANCE SHEET - continued
31st October 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th October 2024 and were signed on its behalf by:





S M Cowan - Director


SINCLAIR SANDWICH THANET LIMITED (REGISTERED NUMBER: 01954285)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st October 2023

1. STATUTORY INFORMATION

Sinclair Sandwich Thanet 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
Represents net invoices amounts of leases sold, ground rents, service charges, rental income and interest received. All operating income has been in the UK.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 NIL (2022 - NIL).

SINCLAIR SANDWICH THANET LIMITED (REGISTERED NUMBER: 01954285)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st October 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1st November 2022
and 31st October 2023 645,853 4,521 650,374
DEPRECIATION
At 1st November 2022
and 31st October 2023 - 4,521 4,521
NET BOOK VALUE
At 31st October 2023 645,853 - 645,853
At 31st October 2022 645,853 - 645,853

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1st November 2022
and 31st October 2023 1,680
NET BOOK VALUE
At 31st October 2023 1,680
At 31st October 2022 1,680

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2022 188,245
Revaluations (6,029 )
At 31st October 2023 182,216
NET BOOK VALUE
At 31st October 2023 182,216
At 31st October 2022 188,245

SINCLAIR SANDWICH THANET LIMITED (REGISTERED NUMBER: 01954285)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st October 2023

6. INVESTMENT PROPERTY - continued

Fair value at 31st October 2023 is represented by:
£   
Valuation in 2019 100,680
Valuation in 2021 4,104
Valuation in 2022 5,192
Valuation in 2023 (6,029 )
Cost 78,269
182,216

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

31/10/23 31/10/22
£    £   
Cost 78,269 78,269

Investment property was valued on an open market basis on 31st October 2023 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Amounts owed by group undertakings 27,972 29,859
Other debtors 10,355 15,792
38,327 45,651

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Other creditors 1,677 5,798
Accruals and deferred income 6,677 10,483
8,354 16,281

9. PROVISIONS FOR LIABILITIES
31/10/23 31/10/22
£    £   
Deferred tax 17,726 19,248

SINCLAIR SANDWICH THANET LIMITED (REGISTERED NUMBER: 01954285)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st October 2023

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st November 2022 19,248
Credit to Statement of Income and Retained Earnings during year (1,522 )
Balance at 31st October 2023 17,726

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/10/23 31/10/22
value: £    £   
162 Ordinary £10 1,620 1,620