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REGISTERED NUMBER: 07350882 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SANDTON LONDON EC1Y LIMITED

SANDTON LONDON EC1Y LIMITED (REGISTERED NUMBER: 07350882)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SANDTON LONDON EC1Y LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr Y Nakae
Mr K Nakae





REGISTERED OFFICE: 5 Giffard Court
Millbrook Close
Northampton
Northamptonshire
NN5 5JF





REGISTERED NUMBER: 07350882 (England and Wales)





ACCOUNTANTS: Cube Partners Limited
Chartered Accountants
5 Giffard Court
Millbrook Close
Northampton
Northamptonshire
NN5 5JF

SANDTON LONDON EC1Y LIMITED (REGISTERED NUMBER: 07350882)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,375 19,923
Investments 5 61,396 61,396
Investment property 6 7,396,000 8,068,991
7,465,771 8,150,310

CURRENT ASSETS
Debtors 7 180,762 736,091
Cash at bank and in hand 75,319 12,267
256,081 748,358
CREDITORS
Amounts falling due within one year 8 272,459 388,317
NET CURRENT (LIABILITIES)/ASSETS (16,378 ) 360,041
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,449,393

8,510,351

CAPITAL AND RESERVES
Called up share capital 11,011,500 10,741,500
Fair value reserve 9 413,141 450,046
Retained earnings (3,975,248 ) (2,681,195 )
SHAREHOLDERS' FUNDS 7,449,393 8,510,351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 April 2025 and were signed on its behalf by:





Mr Y Nakae - Director


SANDTON LONDON EC1Y LIMITED (REGISTERED NUMBER: 07350882)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Sandton London EC1Y 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.

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.

The financial statements have been prepared on the going concern basis despite a negative reserves position at the year end. The directors and parent company have confirmed their continued support to the company.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Turnover
Turnover represents rental income, as value added tax is not chargeable.
Rents are recognised when received, with amounts received in respect of future periods recognised as deferred income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 3 years
Computer equipment - 33% on cost

Tangible fixed assets are stated at historical cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

SANDTON LONDON EC1Y LIMITED (REGISTERED NUMBER: 07350882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Cash and cash equivalents in the balance sheet comprise cast at banks and in hand and short term deposits with an original maturity date of three months or less.

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 statement of comprehensive income and under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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 AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 67,978 3,086 71,064
DEPRECIATION
At 1 January 2024 49,364 1,777 51,141
Charge for year 10,694 854 11,548
At 31 December 2024 60,058 2,631 62,689
NET BOOK VALUE
At 31 December 2024 7,920 455 8,375
At 31 December 2023 18,614 1,309 19,923

SANDTON LONDON EC1Y LIMITED (REGISTERED NUMBER: 07350882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024
and 31 December 2024 61,396
NET BOOK VALUE
At 31 December 2024 61,396
At 31 December 2023 61,396

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 8,068,991
Additions 17,438
Disposals (641,222 )
Revaluations (49,207 )
At 31 December 2024 7,396,000
NET BOOK VALUE
At 31 December 2024 7,396,000
At 31 December 2023 8,068,991

The valuations of investment properties were made on an open market basis.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 180,762 736,091

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 15,072 24,308
Taxation and social security 1,621 6,169
Other creditors 255,766 357,840
272,459 388,317

9. RESERVES
Fair
value
reserve
£   
At 1 January 2024 450,046
Revaluation in the year (36,905 )

At 31 December 2024 413,141

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the amount owed to the company by the directors was £140,135 (2023 - £196,712). Interest has been charged on the loan balance and there are no fixed terms of repayment.

SANDTON LONDON EC1Y LIMITED (REGISTERED NUMBER: 07350882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

11. ULTIMATE CONTROLLING PARTY

The parent company at the balance sheet date was Nakae Sangyo Co; a company incorporated in Japan, whose registered office is Sakaisuji Honmachi Centre Building, 8th Floor, 2-1-6 Honmachi, Chuo-ku, Osaka, Japan. The ultimate controlling party is the director, Mr Y Nakae.