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REGISTERED NUMBER: 06083623 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Sandel Homes (Bedfordshire) Limited

Sandel Homes (Bedfordshire) Limited (Registered number: 06083623)






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


Sandel Homes (Bedfordshire) Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mrs A Sidar
S Sidar





SECRETARY: A Sidar





REGISTERED OFFICE: Three Counties House
18a Victoria Street
Dunstable
Bedfordshire
LU6 3BA





REGISTERED NUMBER: 06083623 (England and Wales)





ACCOUNTANTS: P D & Co (2003) Limited T/A Parbery Davies & Co
Three Counties House
18a Victoria Street
Dunstable
Bedfordshire
LU6 3BA

Sandel Homes (Bedfordshire) Limited (Registered number: 06083623)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,350,000 1,340,000

CURRENT ASSETS
Debtors 5 92,066 87,666
Cash at bank 27,970 30,930
120,036 118,596
CREDITORS
Amounts falling due within one year 6 42,505 46,029
NET CURRENT ASSETS 77,531 72,567
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,427,531

1,412,567

CREDITORS
Amounts falling due after more than one
year

7

(656,306

)

(656,306

)

PROVISIONS FOR LIABILITIES (104,500 ) (102,600 )
NET ASSETS 666,725 653,661

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 8 710,000 700,000
Retained earnings (43,276 ) (46,340 )
SHAREHOLDERS' FUNDS 666,725 653,661

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.

Sandel Homes (Bedfordshire) Limited (Registered number: 06083623)

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 26 November 2024 and were signed on its behalf by:





S Sidar - Director


Sandel Homes (Bedfordshire) Limited (Registered number: 06083623)

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

1. STATUTORY INFORMATION

Sandel Homes (Bedfordshire) 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 1,340,000
Revaluations 10,000
At 29 February 2024 1,350,000
NET BOOK VALUE
At 29 February 2024 1,350,000
At 28 February 2023 1,340,000

Sandel Homes (Bedfordshire) Limited (Registered number: 06083623)

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

4. INVESTMENT PROPERTY - continued

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2007 160,000
Valuation in 2021 40,000
Valuation in 2022 435,537
Valuation in 2023 64,463
Valuation in 2024 10,000
Cost 640,000
1,350,000

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

29.2.24 28.2.23
£    £   
Cost 640,000 640,000
Aggregate depreciation (710,000 ) (700,000 )

Investment property was valued on an open market basis on 28 February 2024 by Paragon .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Amounts owed by group undertakings 24,699 34,699
Amounts owed by participating interests 41,427 41,427
Other debtors 25,940 11,540
92,066 87,666

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 7,956 9,212
Amounts owed to participating interests 7,154 7,154
Taxation and social security 1,165 -
Other creditors 26,230 29,663
42,505 46,029

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 656,306 656,306

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 656,306 656,306

Sandel Homes (Bedfordshire) Limited (Registered number: 06083623)

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

8. RESERVES
Revaluation
reserve
£   
At 1 March 2023 700,000
Unrealised gain 10,000

At 29 February 2024 710,000