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Registered number: 03038316
Sandpiper Estates Limited
Unaudited Financial Statements
For The Year Ended 29 June 2024
DKR Chartered Accountants
36 Lichfield Street
Walsall
West Midlands
WS1 1TJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03038316
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 127,539 78,033
Investment Properties 5 400,000 400,000
Investments 6 - 487,480
527,539 965,513
CURRENT ASSETS
Debtors 7 4,740,081 5,175,046
Cash at bank and in hand 462,546 167,122
5,202,627 5,342,168
Creditors: Amounts Falling Due Within One Year 8 (518,112 ) (1,333,428 )
NET CURRENT ASSETS (LIABILITIES) 4,684,515 4,008,740
TOTAL ASSETS LESS CURRENT LIABILITIES 5,212,054 4,974,253
NET ASSETS 5,212,054 4,974,253
CAPITAL AND RESERVES
Called up share capital 9 884,290 884,290
Fair value reserve 11 180,000 180,000
Profit and Loss Account 4,147,764 3,909,963
SHAREHOLDERS' FUNDS 5,212,054 4,974,253
Page 1
Page 2
For the year ending 29 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have 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 Martin Fitzpatrick
Director
28th March 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sandpiper Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03038316 . The registered office is 3b Tournament Court, Edgehill Drive, Tournament Fields, Warwick, CV34 6LG.
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 represents net invoiced sales of services, excluding value added tax.
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:
Leasehold 15% Straight Line
Plant & Machinery 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 25% Straight Line

Investment in Subsidiaries

Investments in subsidiary undertakings are recognised at cost.
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.

The director Mr. M.A.C. Fitzpatrick has worked as a property developer for several years and is of the opinion that the fair value of investment property included in the accounts is an accurate reflection based on current market values of similar properties.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 30 June 2023 78,796 21,934 123,502 38,241
Additions - 16,230 130,691 -
Disposals - - (110,095 ) -
As at 29 June 2024 78,796 38,164 144,098 38,241
...CONTINUED
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Page 4
Depreciation
As at 30 June 2023 78,796 8,464 61,514 36,469
Provided during the period - 4,455 32,688 267
Disposals - - (48,167 ) -
As at 29 June 2024 78,796 12,919 46,035 36,736
Net Book Value
As at 29 June 2024 - 25,245 98,063 1,505
As at 30 June 2023 - 13,470 61,988 1,772
Computer Equipment Total
£ £
Cost
As at 30 June 2023 29,846 292,319
Additions 2,832 149,753
Disposals - (110,095 )
As at 29 June 2024 32,678 331,977
Depreciation
As at 30 June 2023 29,043 214,286
Provided during the period 909 38,319
Disposals - (48,167 )
As at 29 June 2024 29,952 204,438
Net Book Value
As at 29 June 2024 2,726 127,539
As at 30 June 2023 803 78,033
5. Investment Property
2024
£
Fair Value
As at 30 June 2023 and 29 June 2024 400,000
6. Investments
Unlisted
£
Cost
As at 30 June 2023 487,480
Disposals (487,480 )
As at 29 June 2024 -
Provision
As at 30 June 2023 -
As at 29 June 2024 -
...CONTINUED
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Net Book Value
As at 29 June 2024 -
As at 30 June 2023 487,480
The investments in subsidiaries consisted of 100% of the share capital held in Ludgate Loft Apartments Ltd and Fitzpatrick Property Developments Ltd. These investments were disposed of during the year.
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 75,910 6,628
Prepayments and accrued income - 45,000
Other debtors 4,512,389 4,115,718
Corporation tax recoverable assets 47,086 47,086
Other taxes and social security - 804
Director's loan account 104,696 959,810
4,740,081 5,175,046
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,394 3,648
Other taxes and social security 1,384 -
VAT 1,146 117
Other creditors 508,085 486,892
Accruals and deferred income 3,103 7,886
Amounts owed to group undertakings - 834,885
518,112 1,333,428
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 884,290 884,290
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 30 June 2023 Amounts advanced Amounts repaid Amounts written off As at 29 June 2024
£ £ £ £ £
Mr Martin Fitzpatrick 960,245 104,696 960,245 - 104,696
The above loan is unsecured, interest free and repayable on demand.
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Page 6
11. Reserves
Fair Value Reserve
£
As at 30 June 2023 180,000
As at 29 June 2024 180,000
12. Related Party Transactions
Material interests of the directors
As of 29 June 2024, the company was owed £4,511,104 (2023: £4,114,433) by entities in which a director holds a material interest as a shareholder. Of this, loans of £465,958 (2023: £1,106,102) are interest-bearing, with interest charged during the year of £67,211 (2023: £75,135). The remaining loans are interest free and all loans are repayable on demand. 
As of 29 June 2024, there were amounts owed by Sandpiper Estates of £500,150 (2023: £475,150) to entities in which a director holds a material interest as a shareholder. These loans are interest free and repayable on demand.
Subsidiary companies
As of 29 June 2024, there were amounts owed to subsidiaries of £nil (2023: £834,885). These loans were interest free and repayable on demand. During the year, the shares held in subsidiaries were disposed of, with the corresponding gain recognised in the accounts.
Transactions with directors
During the year, the company was charged rent of £30,000 (2023: £30,000) by the director.
13. Controlling Party
The company's controlling party is Martin Fitzpatrick by virtue of his ownership of 100% of the issued share capital in the company.
Page 6