IRIS Accounts Production v24.3.2.46 01393544 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh013935442023-04-30013935442024-04-30013935442023-05-012024-04-30013935442022-04-30013935442022-05-012023-04-30013935442023-04-3001393544ns15:EnglandWales2023-05-012024-04-3001393544ns14:PoundSterling2023-05-012024-04-3001393544ns10:Director12023-05-012024-04-3001393544ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3001393544ns10:SmallEntities2023-05-012024-04-3001393544ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3001393544ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3001393544ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3001393544ns10:FullAccounts2023-05-012024-04-3001393544ns10:Director22023-05-012024-04-3001393544ns10:Director32023-05-012024-04-3001393544ns10:Director42023-05-012024-04-3001393544ns10:CompanySecretary12023-05-012024-04-3001393544ns10:RegisteredOffice2023-05-012024-04-3001393544ns5:CurrentFinancialInstruments2024-04-3001393544ns5:CurrentFinancialInstruments2023-04-3001393544ns5:Non-currentFinancialInstruments2024-04-3001393544ns5:Non-currentFinancialInstruments2023-04-3001393544ns5:ShareCapital2024-04-3001393544ns5:ShareCapital2023-04-3001393544ns5:RevaluationReserve2024-04-3001393544ns5:RevaluationReserve2023-04-3001393544ns5:RetainedEarningsAccumulatedLosses2024-04-3001393544ns5:RetainedEarningsAccumulatedLosses2023-04-3001393544ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-05-012024-04-3001393544ns5:FurnitureFittings2023-05-012024-04-3001393544ns5:ComputerEquipment2023-05-012024-04-3001393544ns5:LandBuildings2023-04-3001393544ns5:FurnitureFittings2023-04-3001393544ns5:ComputerEquipment2023-04-3001393544ns5:LandBuildings2023-05-012024-04-3001393544ns5:LandBuildings2024-04-3001393544ns5:FurnitureFittings2024-04-3001393544ns5:ComputerEquipment2024-04-3001393544ns5:LandBuildings2023-04-3001393544ns5:FurnitureFittings2023-04-3001393544ns5:ComputerEquipment2023-04-3001393544ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3001393544ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3001393544ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-04-3001393544ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-04-3001393544ns5:Secured2024-04-3001393544ns5:Secured2023-04-3001393544ns5:RevaluationReserve2023-04-30
REGISTERED NUMBER: 01393544 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

The Sanderum Centre Limited

The Sanderum Centre Limited (Registered number: 01393544)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


The Sanderum Centre Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr M A J Boughton
Mrs C F Cope
Mr R A Boughton
Mr C J Shennan





SECRETARY: APS Nominees Limited





REGISTERED OFFICE: Sanderum House
Oakley Road
Chinnor
Oxfordshire
OX39 4TW





REGISTERED NUMBER: 01393544 (England and Wales)

The Sanderum Centre Limited (Registered number: 01393544)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,393,704 3,433,747

CURRENT ASSETS
Debtors 5 217,927 218,394
Cash at bank 94,912 144,423
312,839 362,817
CREDITORS
Amounts falling due within one year 6 (341,476 ) (339,285 )
NET CURRENT (LIABILITIES)/ASSETS (28,637 ) 23,532
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,365,067

3,457,279

CREDITORS
Amounts falling due after more than one
year

7

(2,225,222

)

(2,328,529

)

PROVISIONS FOR LIABILITIES (103,151 ) (112,502 )
NET ASSETS 1,036,694 1,016,248

CAPITAL AND RESERVES
Called up share capital 5,731 5,731
Revaluation reserve 9 11,174 11,174
Retained earnings 1,019,789 999,343
SHAREHOLDERS' FUNDS 1,036,694 1,016,248

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 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 28 January 2025 and were signed on its behalf by:




Mrs C F Cope - Director


The Sanderum Centre Limited (Registered number: 01393544)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

The Sanderum Centre 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
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.
Freehold property - Not depreciated
Fixtures and fittings - 25% on cost and 10% on cost
Computer equipment - 33% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Tangible fixed assets
All fixed assets are initially recorded at cost.

Freehold property developments in progress are recorded at cost until all building work is complete, at which point it will follow the treatment as described.

Freehold properties are revalued on a periodic basis by the directors based on their estimates and judgements. Any aggregate surplus or deficit arising in changes from previous values are transferred to the revaluation reserve. The freehold properties were last revalued on transition to FRS102 in 2017.

The Sanderum Centre Limited (Registered number: 01393544)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Impairment of assets
At each reporting date, fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 May 2023 3,267,197 373,206 31,575 3,671,978
Additions - 8,099 1,125 9,224
At 30 April 2024 3,267,197 381,305 32,700 3,681,202
DEPRECIATION
At 1 May 2023 - 209,123 29,108 238,231
Charge for year - 47,451 1,816 49,267
At 30 April 2024 - 256,574 30,924 287,498
NET BOOK VALUE
At 30 April 2024 3,267,197 124,731 1,776 3,393,704
At 30 April 2023 3,267,197 164,083 2,467 3,433,747


5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 87,926 76,315
Other debtors 47,043 45,639
134,969 121,954

Amounts falling due after more than one year:
Other debtors 82,958 96,440

Aggregate amounts 217,927 218,394

The Sanderum Centre Limited (Registered number: 01393544)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 56,556 56,556
Trade creditors 25,722 55,740
Taxation and social security 36,363 32,062
Other creditors 222,835 194,927
341,476 339,285

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 1,062,722 1,126,029
Other creditors 1,162,500 1,202,500
2,225,222 2,328,529

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,119,278 1,182,585

Fixed and floating charges over the undertaking and all property and assets present and future including goodwill, book debts, uncalled capital, buildings, fixtures and fixed plant and machinery.

9. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 11,174

10. RELATED PARTY DISCLOSURES

During the year, the company paid interest of £91,251 (2023: £53,367) to Zest Ventures Limited. Included within creditors due after more than one year is a loan from Zest Ventures Limited of £1,162,500 (2023: £1,202,500). The loan is unsecured. The interest rate paid is that of a secured loan advanced by a commercial bank and Zest Ventures Limited has agreed not to seek repayment of the loan unless alternative finance is in place. Mr M Boughton and Mr R Boughton control and are directors of Zest Ventures Ltd.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr M Boughton and Mr R Boughton by virtue of their shareholdings.