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  SANDHERSONS PROPERTY LIMITED
   
   
   
  UNAUDITED FINANCIAL STATEMENTS
   
   
  FOR THE YEAR ENDED 31 MAY 2024
   
   
   
   
   
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
  SANDHERSONS PROPERTY LIMITED
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 31 MAY 2024
       
       
  DIRECTORS
       
  Mr N S Sandhu
  Mr H S Sandher
       
       
  SECRETARY
       
  Mr N S Sandhu
       
  REGISTERED OFFICE
       
  25 Park Street West
Luton
Beds
LU1 3BE
       
       
  COMPANY REGISTERED NUMBER
       
  07641298
       
       
  BANKERS
       
  Natwest Bank Plc
       
       
  ACCOUNTANTS
       
  Haartwells Limited
  Chartered Certified Accountants
  25 Park Street West
Luton
Bedfordshire
LU1 3BE
       
       
  CONTENTS
       
  Pages
       
       
  2-3 Statement of Financial Position  
       
       
  4-6 Notes to the Financial Statements  
       
     
  page 1
  SANDHERSONS PROPERTY LIMITED
  Company registered number: 07641298
  STATEMENT OF FINANCIAL POSITION AT 31 May 2024
           
    Note 2024 2023
      £ £ £
  FIXED ASSETS
  Property, plant and equipment 3 986,796 986,796
  CURRENT ASSETS    
  Debtors 4 7,235 -
  Cash at bank and in hand   29,084 152,944
      36,319 152,944
  CREDITORS: Amounts falling due within one year 5 83,729 40,617
  NET CURRENT (LIABILITIES)/ASSETS   (47,410) 112,327
  TOTAL ASSETS LESS CURRENT LIABILITIES   939,386 1,099,123
           
  CREDITORS: Amounts falling due after more than one year 6 (446,986) (647,516)
  NET ASSETS   £492,400 £451,607
       
  CAPITAL AND RESERVES
  Called up share capital   100 100
  Retained earnings   492,300 451,507
  SHAREHOLDERS' FUNDS   £492,400 £451,607
       
  The notes on pages 4-6 form part of these financial statements
   
  page 2
  SANDHERSONS PROPERTY LIMITED
  Company registered number: 07641298
  STATEMENT OF FINANCIAL POSITION AT 31 May 2024 (CONT.)
           
    Note 2024 2023
      £ £ £
       
       
  In approving these financial statements as directors of the company we hereby confirm the following:
       
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
       
  The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with section 476 of the Companies Act 2006.
       
  The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.
 
 
  These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies
       
  In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
       
  The financial statements were approved and authorised for issue by the board of directors on 19 February 2025
 
  Signed on behalf of the board of directors
 
 
       
  Mr H S Sandher, Director
       
       
  The notes on pages 4-6 form part of these financial statements
   
  page 3
  SANDHERSONS PROPERTY LIMITED
  NOTES TO THE ACCOUNTS
  FOR THE YEAR ENDED 31 MAY 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES
       
         
1a. Statement of compliance
         
  Sandhersons Property Limited is a Private Limited Company incorporated in England & Wales.
         
  The company's registered number and registered office address can be found on the Company Information page.
         
  These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 June 2023.
         
  The transition to FRS 102 has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in notes and below. These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
         
 
         
  Basis of accounting
         
 
  The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.
         
1c. Revenue recognition
         
  Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
         
1d. Borrowing costs
         
  Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
         
 
         
1e. Taxation
         
         
  Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
       
1f. Property, plant and equipment
       
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
       
  Plant and machinery Reducing balance 25%  
  Vehicles Reducing balance 25%  
  Fixtures and fittings Reducing balance 15%  
  Equipment Reducing balance 15%  
  The notes on pages 4-6 form part of these financial statements
   
  page 4
  SANDHERSONS PROPERTY LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 MAY 2024
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
         
1g. Short term debtors and creditors
         
  Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.
         
         
1h. Interest bearing borrowings
         
  All interest-bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable to the bank (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method, less impairment. Any difference between the amount initially recognised and redemption value is recognised in profit and loss together with any interest and fees payable.
         
       
       
2. DIRECTORS AND EMPLOYEES
       
    2024 2023
    No. No.
  Management and administration 1 0
  Production and sales 1 0
    2 0
   
       
3. PROPERTY, PLANT AND EQUIPMENT
       
    Freehold Total
    £ £
  Cost
       
  At 1 June 2023 986,796 986,796
       
  At 31 May 2024 986,796 986,796
   
  Depreciation
       
  At 31 May 2024 - -
   
  Net Book Amounts
       
  At 31 May 2024 £986,796 £986,796
  At 31 May 2023 £986,796 £986,796
   
  The notes on pages 4-6 form part of these financial statements
   
  page 5
  SANDHERSONS PROPERTY LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 MAY 2024
       
       
4. DEBTORS 2024 2023
    £ £
  Other debtors 7,235 -
    £7,235 £-
   
       
       
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
    2024 2023
    £ £
  Bank loans 35,354 3,831
  Corporation tax 27,125 33,384
  Other creditors 20,000 -
  Accruals and deferred income 1,250 3,402
    £83,729 £40,617
   
       
       
       
6. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
    2024 2023
    £ £
  Bank loans and overdrafts 198,778 258,234
  Directors loans 248,208 389,282
    £446,986 £647,516
   
       
       
  Analysis of borrowings:
       
  Due within five years:
  within 1 year
  other 35,354 3,831
  within 2-5 years
  bank 198,778 258,234
    £234,132 £262,065
   
  The notes on pages 4-6 form part of these financial statements
   
  page 6