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REGISTERED NUMBER: 10721883 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

SANDRINGHAM PROPERTIES LIMITED

SANDRINGHAM PROPERTIES LIMITED (REGISTERED NUMBER: 10721883)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


SANDRINGHAM PROPERTIES LIMITED (REGISTERED NUMBER: 10721883)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
as restated
Notes £    £   
FIXED ASSETS
Tangible assets 4 15,394 17,292
Investment property 5 930,000 930,000
945,394 947,292

CURRENT ASSETS
Stocks 460,535 289,790
Debtors 6 585,952 440,935
Cash at bank and in hand 12,621 35,606
1,059,108 766,331
CREDITORS
Amounts falling due within one year 7 (1,642,992 ) (1,408,372 )
NET CURRENT LIABILITIES (583,884 ) (642,041 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

361,510

305,251

PROVISIONS FOR LIABILITIES (24,600 ) (26,655 )
NET ASSETS 336,910 278,596

CAPITAL AND RESERVES
Called up share capital 200 100
Fair value reserve 71,470 70,221
Retained earnings 265,240 208,275
336,910 278,596

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

SANDRINGHAM PROPERTIES LIMITED (REGISTERED NUMBER: 10721883)

BALANCE SHEET - continued
30 SEPTEMBER 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 13 January 2025 and were signed on its behalf by:





M E Stevens - Director


SANDRINGHAM PROPERTIES LIMITED (REGISTERED NUMBER: 10721883)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Sandringham Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10721883

Registered office: 16 Sandringham Road
Trowbridge
Wiltshire
BA14 0JU

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The company is financed by loans from the directors. Whilst this balance is due on demand, the directors have indicated that this balance will only be drawn to the extent that the company's cash flows can support repayment. The forecast cash flow of the company support that liabilities can be met as they fall due.

It is on this basis that the directors have concluded that the company is a going concern. As a result, these financial statements are prepared on a going concern basis.

Turnover
Turnover represents rental income and 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss and then transferred to a revaluation reserve.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.


SANDRINGHAM PROPERTIES LIMITED (REGISTERED NUMBER: 10721883)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued
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

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 October 2023 15,610 10,633 26,243
Additions 1,985 267 2,252
At 30 September 2024 17,595 10,900 28,495
DEPRECIATION
At 1 October 2023 2,490 6,461 8,951
Charge for year 3,518 632 4,150
At 30 September 2024 6,008 7,093 13,101
NET BOOK VALUE
At 30 September 2024 11,587 3,807 15,394
At 30 September 2023 13,120 4,172 17,292

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 930,000
NET BOOK VALUE
At 30 September 2024 930,000
At 30 September 2023 930,000

SANDRINGHAM PROPERTIES LIMITED (REGISTERED NUMBER: 10721883)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. INVESTMENT PROPERTY - continued

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2021 153,000
Valuation in 2022 (45,707 )
Valuation in 2023 (15,000 )
Cost 837,707
930,000

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

2024 2023
as restated
£    £   
Cost 837,707 837,707

Investment property was valued on an open market basis on 30 September 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Other debtors 447,480 363,400
Prepayments and accrued income 138,472 77,535
585,952 440,935

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Tax 28,560 14,692
Rent deposit received 1,100 1,100
Directors' current accounts 1,611,172 1,391,130
Accruals and deferred income 2,160 1,450
1,642,992 1,408,372