Registered number
09053504
A & R Sanderson Holdings Ltd
Filleted Accounts
31 December 2023
A & R Sanderson Holdings Ltd
Registered number: 09053504
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 866,232 432,605
Investments 4 62,783 93,783
929,015 526,388
Current assets
Debtors 5 1,476,694 1,416,505
Investments held as current assets 6 74,336 74,336
Cash at bank and in hand 17,638 613
1,568,668 1,491,454
Creditors: amounts falling due within one year 7 (241,639) (378,633)
Net current assets 1,327,029 1,112,821
Total assets less current liabilities 2,256,044 1,639,209
Creditors: amounts falling due after more than one year 8 (311,075) (72,995)
Net assets 1,944,969 1,566,214
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,944,869 1,566,114
Shareholders' funds 1,944,969 1,566,214
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A M Sanderson
Director
Approved by the board on 2 May 2025
A & R Sanderson Holdings Ltd
Notes to the Accounts
for the period from 1 September 2022 to 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings not depreciated
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 September 2022 432,605
Additions 433,627
At 31 December 2023 866,232
Depreciation
At 31 December 2023 -
Net book value
At 31 December 2023 866,232
At 31 August 2022 432,605
4 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 September 2022 68,783 25,000 93,783
Disposals (6,000) (25,000) (31,000)
At 31 December 2023 62,783 - 62,783
5 Debtors 2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 1,388,343 1,412,409
Other debtors 88,351 4,096
1,476,694 1,416,505
6 Investments held as current assets 2023 2022
£ £
Fair value
Unlisted investments 74,336 74,336
7 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 60,516 30,825
Trade creditors 9,016 355
Amounts owed to group undertakings and undertakings in which the company has a participating interest 21,779 -
Taxation and social security costs 100,120 5,002
Other creditors 50,208 342,451
241,639 378,633
8 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 311,075 72,995
9 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 371,591 103,820
The loans are secured by way of charges over the company's properties in Murdock Road, Bicester, Oxfordshire, OX26 4PP.
10 Related party transactions 2023 2022
£ £
LFA Machines Oxford Ltd
Subsidiary
Income from investments - 300,000
Rent received 41,865 17,333
Amount due from the related party 1,255,081 1,279,147
London Fashion Arts Ltd
Subsidiary
Income from investments 58,111 -
Amount due to the related party (21,779) -
LFA Machines Taiwan Limited
Subsidiary
Amount due from the related party 133,262 133,262
11 Controlling party
In the opinion of the directors there is no one controlling party.
12 Other information
A & R Sanderson Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Demar House, 14 Church Road
East Wittering
Chichester
West Sussex
PO20 8PS
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