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REGISTERED NUMBER: 07632992 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 March 2024

for

The Sanctuary Project Ltd

The Sanctuary Project Ltd (Registered number: 07632992)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Sanctuary Project Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M Clough
Mrs D Clough
Mrs C A Renshaw





REGISTERED OFFICE: The Poplars
344-352 Bradford Road
Wrenthorpe
Wakefield
West Yorkshire
WF2 0QL





REGISTERED NUMBER: 07632992 (England and Wales)





ACCOUNTANTS: Equate Limited
Chartered Certified Accountants
The Hive
142 Thornes Lane
Wakefield
West Yorkshire
WF2 7RE

The Sanctuary Project Ltd (Registered number: 07632992)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,412 3,576

CURRENT ASSETS
Debtors 5 702,725 493,069
Cash at bank and in hand 509,264 549,322
1,211,989 1,042,391
CREDITORS
Amounts falling due within one year 6 118,463 171,061
NET CURRENT ASSETS 1,093,526 871,330
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,097,938

874,906

PROVISIONS FOR LIABILITIES 1,103 956
NET ASSETS 1,096,835 873,950

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,096,735 873,850
SHAREHOLDERS' FUNDS 1,096,835 873,950

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 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.

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 8 May 2024 and were signed on its behalf by:



Mrs D Clough - Director


The Sanctuary Project Ltd (Registered number: 07632992)

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

1. STATUTORY INFORMATION

The Sanctuary Project Ltd 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.

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

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 reducing balance
Computer equipment - 20% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 25 ) .

The Sanctuary Project Ltd (Registered number: 07632992)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 2,105 5,732 7,837
Additions 776 2,012 2,788
At 31 March 2024 2,881 7,744 10,625
DEPRECIATION
At 1 April 2023 863 3,398 4,261
Charge for year 505 1,447 1,952
At 31 March 2024 1,368 4,845 6,213
NET BOOK VALUE
At 31 March 2024 1,513 2,899 4,412
At 31 March 2023 1,242 2,334 3,576

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 201,035 170,295
Other debtors 468,316 302,148
Directors' current accounts 32,564 20,566
Prepayments and accrued income 810 60
702,725 493,069

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 775 113
Tax 89,999 100,811
Social security and other taxes - 9,723
VAT 13,437 40,860
Other creditors 1,040 -
Accruals and deferred income 13,212 19,554
118,463 171,061

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 79,000 79,000
Between one and five years 1,500 80,500
80,500 159,500

The Sanctuary Project Ltd (Registered number: 07632992)

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

8. RELATED PARTY DISCLOSURES

During the year transactions were undertaken with TC Housing Limited a company under the common control of the directors Wiithin other debtors there is amount outstanding of £468,316 this relates to loans advanced to TC Housing Limited by The Sanctuary Project Limited. This debt is non interest bearing and repayable on demand.