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REGISTERED NUMBER: 11475225 (England and Wales)




















Report of the Director and

Unaudited Financial Statements

for the Year Ended 31 July 2024

for

SANDBANKS PROPERTY LTD

SANDBANKS PROPERTY LTD (REGISTERED NUMBER: 11475225)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


SANDBANKS PROPERTY LTD

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mrs J M van Eyssen





REGISTERED OFFICE: 19 North Street
Ashford
Kent
TN24 8LF





REGISTERED NUMBER: 11475225 (England and Wales)





ACCOUNTANTS: Calcutt Matthews WBZ Ltd
19 North Street
Ashford
Kent
TN24 8LF

SANDBANKS PROPERTY LTD (REGISTERED NUMBER: 11475225)

Report of the Director
for the Year Ended 31 July 2024


The director presents her report with the financial statements of the company for the year ended 31 July 2024.

DIRECTOR
Mrs J M van Eyssen held office during the whole of the period from 1 August 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs J M van Eyssen - Director


28 April 2025

SANDBANKS PROPERTY LTD (REGISTERED NUMBER: 11475225)

Income Statement
for the Year Ended 31 July 2024

31.7.24 31.7.23
£    £   

TURNOVER 13,270 12,380

Cost of sales 2,636 (500 )
GROSS PROFIT 10,634 12,880

Administrative expenses 5,508 6,099
5,126 6,781


Interest payable and similar expenses 5,085 6,787
PROFIT/(LOSS) BEFORE TAXATION 41 (6 )

Tax on profit/(loss) - -
PROFIT/(LOSS) FOR THE FINANCIAL YEAR 41 (6 )

SANDBANKS PROPERTY LTD (REGISTERED NUMBER: 11475225)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £   
CURRENT ASSETS
Stocks 306,000 305,000
Debtors 4 133,558 145,398
Cash at bank 3,088 3,097
442,646 453,495
CREDITORS
Amounts falling due within one year 5 47,892 58,782
NET CURRENT ASSETS 394,754 394,713
TOTAL ASSETS LESS CURRENT LIABILITIES 394,754 394,713

CREDITORS
Amounts falling due after more than one
year

6

432,749

432,749
NET LIABILITIES (37,995 ) (38,036 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (37,996 ) (38,037 )
(37,995 ) (38,036 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 28 April 2025 and were signed by:



Mrs J M van Eyssen - Director


SANDBANKS PROPERTY LTD (REGISTERED NUMBER: 11475225)

Notes to the Financial Statements
for the Year Ended 31 July 2024


1. STATUTORY INFORMATION

Sandbanks Property Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Amounts owed by group undertakings 14,985 18,785
Other debtors 118,573 126,613
133,558 145,398

SANDBANKS PROPERTY LTD (REGISTERED NUMBER: 11475225)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Taxation and social security 172 172
Other creditors 47,720 58,610
47,892 58,782

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 50,815 50,815
Other creditors 381,934 381,934
432,749 432,749

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 237,683 237,683