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Registered number: 13583007
Sandro Business Limited
Unaudited Financial Statements
For the Period 1 September 2023 to 31 March 2024
Nick C Baldwin & Co
Chartered Accountants
Unit 1 Uddens Trading Estate
Wimborne
Dorset
BH21 7LQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13583007
31 March 2024 31 August 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 30,753 38,175
Investment Properties 5 625,355 625,355
Investments 6 - 60,000
656,108 723,530
CURRENT ASSETS
Debtors 7 271,357 223,247
Cash at bank and in hand 72,934 67,761
344,291 291,008
Creditors: Amounts Falling Due Within One Year 8 (8,548 ) (5,444 )
NET CURRENT ASSETS (LIABILITIES) 335,743 285,564
TOTAL ASSETS LESS CURRENT LIABILITIES 991,851 1,009,094
Creditors: Amounts Falling Due After More Than One Year 9 (453,725 ) (453,725 )
NET ASSETS 538,126 555,369
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 538,125 555,368
SHAREHOLDERS' FUNDS 538,126 555,369
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Page 2
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr S Demurtas
Director
17/01/2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Sandro Business Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13583007 . The registered office is 54 Daws Avenue, Bournemouth, Dorset, BH11 8SD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% straight line basis
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2023: 1)
1 1
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4. Tangible Assets
Motor Vehicles
£
Cost
As at 1 September 2023 50,900
As at 31 March 2024 50,900
Depreciation
As at 1 September 2023 12,725
Provided during the period 7,422
As at 31 March 2024 20,147
Net Book Value
As at 31 March 2024 30,753
As at 1 September 2023 38,175
5. Investment Property
31 March 2024
£
Fair Value
As at 1 September 2023 and 31 March 2024 625,355
6. Investments
Unlisted
£
Cost
As at 1 September 2023 60,000
Disposals (60,000 )
As at 31 March 2024 -
Provision
As at 1 September 2023 -
As at 31 March 2024 -
Net Book Value
As at 31 March 2024 -
As at 1 September 2023 60,000
7. Debtors
31 March 2024 31 August 2023
£ £
Due within one year
Other debtors 1 184,001
Other debtors (1) 95,356 -
Other debtors (2) 176,000 -
Director's loan account - 39,246
271,357 223,247
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8. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 August 2023
£ £
Trade creditors - 1
Corporation tax 4,443 4,443
Other creditors (1) 601 -
Accruals and deferred income 1,000 1,000
Director's loan account 2,504 -
8,548 5,444
9. Creditors: Amounts Falling Due After More Than One Year
31 March 2024 31 August 2023
£ £
Bank loans 453,725 453,725
10. Share Capital
31 March 2024 31 August 2023
£ £
Allotted, Called up and fully paid 1 1
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