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REGISTERED NUMBER: 05108314 (England and Wales)















SANDYX PROPERTIES LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024






SANDYX PROPERTIES LTD (REGISTERED NUMBER: 05108314)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


SANDYX PROPERTIES LTD (REGISTERED NUMBER: 05108314)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

2024 2023
Notes £    £   
Fixed assets
Tangible assets 4 39,637 49,546
Investment property 5 433,750 433,750
473,387 483,296

Current assets
Debtors 6 629 54
Cash at bank 3,030 3,461
3,659 3,515
Creditors
Amounts falling due within one year 7 (36,625 ) (33,019 )
Net current liabilities (32,966 ) (29,504 )
Total assets less current liabilities 440,421 453,792

Creditors
Amounts falling due after more than one year 8 (137,388 ) (155,292 )

Provisions for liabilities (20,960 ) (22,050 )
Net assets 282,073 276,450

Capital and reserves
Called up share capital 1 1
Revaluation Reserve 9 50,545 50,545
Retained earnings 231,527 225,904
282,073 276,450

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 director acknowledges his 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.

SANDYX PROPERTIES LTD (REGISTERED NUMBER: 05108314)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 2024


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 director and authorised for issue on 29 April 2025 and were signed by:





Mr Mashukul Hoque - Director


SANDYX PROPERTIES LTD (REGISTERED NUMBER: 05108314)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. Statutory information

Sandyx Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05108314

Registered office: 4 Quays Reach
Carolina Way
Off South Langworthy Rd
Salford
Manchester
M50 2ZY

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.

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 the cost less estimated residual value of each asset over its estimated useful life.

Investment property
Investment property is initially measured at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

If a reliable measure of fair value is not available without undue cost or effort it shall be transferred to tangible assets and accounted for under the cost model until it is expected that fair value will be reliably measurable on an on-going basis.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

SANDYX PROPERTIES LTD (REGISTERED NUMBER: 05108314)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. Accounting policies - continued

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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
Motor
vehicles
£   
Cost
At 1 May 2023
and 30 April 2024 56,090
Depreciation
At 1 May 2023 6,544
Charge for year 9,909
At 30 April 2024 16,453
Net book value
At 30 April 2024 39,637
At 30 April 2023 49,546

5. Investment property
Total
£   
Fair value
At 1 May 2023
and 30 April 2024 433,750
Net book value
At 30 April 2024 433,750
At 30 April 2023 433,750

SANDYX PROPERTIES LTD (REGISTERED NUMBER: 05108314)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. Investment property - continued

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2012 63,181
Cost 370,569
433,750

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 370,569 370,569

Investment property was valued on an open market basis on 30 April 2012 by the directors .

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 629 54

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 25,434 22,976
Hire purchase contracts 4,441 4,441
Taxation and social security 1,149 -
Other creditors 5,601 5,602
36,625 33,019

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loan 107,770 121,234
Hire purchase contracts 29,618 34,058
137,388 155,292

The bank loan is secured by a debenture created on 30 July 2004 which charges all money and liabilities whatever, whenever and however incurred by the company whether now or in the future.

9. Reserves
Revaluation
Reserve
£   
At 1 May 2023
and 30 April 2024 50,545

10. Related party disclosures

At 30 April 2024 company owed £4,847 to director (2023: £4,847). No interest has been charged to the company in respect of this loan which is repayable on demand and classified in creditors due within one year.