IRIS Accounts Production v25.1.3.33 01322142 Board of Directors Board of Directors Board of Directors 1.9.22 31.8.23 31.8.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh013221422022-08-31013221422023-08-31013221422022-09-012023-08-31013221422021-08-31013221422021-09-012022-08-31013221422022-08-3101322142ns15:EnglandWales2022-09-012023-08-3101322142ns14:PoundSterling2022-09-012023-08-3101322142ns10:Director12022-09-012023-08-3101322142ns10:Director22022-09-012023-08-3101322142ns10:Director32022-09-012023-08-3101322142ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3101322142ns10:SmallEntities2022-09-012023-08-3101322142ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3101322142ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3101322142ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3101322142ns10:FullAccounts2022-09-012023-08-3101322142ns10:OrdinaryShareClass12022-09-012023-08-3101322142ns10:RegisteredOffice2022-09-012023-08-3101322142ns5:CurrentFinancialInstruments2023-08-3101322142ns5:CurrentFinancialInstruments2022-08-3101322142ns5:FurnitureFittings2022-09-012023-08-3101322142ns5:FurnitureFittings2022-08-3101322142ns5:FurnitureFittings2023-08-3101322142ns5:FurnitureFittings2022-08-3101322142ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3101322142ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-3101322142ns5:AcceleratedTaxDepreciationDeferredTax2023-08-3101322142ns5:AcceleratedTaxDepreciationDeferredTax2022-08-3101322142ns5:DeferredTaxation2022-08-3101322142ns5:OtherProvisionsContingentLiabilities2022-08-3101322142ns5:DeferredTaxation2022-09-012023-08-3101322142ns5:OtherProvisionsContingentLiabilities2022-09-012023-08-3101322142ns5:DeferredTaxation2023-08-3101322142ns5:OtherProvisionsContingentLiabilities2023-08-3101322142ns10:OrdinaryShareClass12023-08-3101322142ns5:RetainedEarningsAccumulatedLosses2022-09-012023-08-31
REGISTERED NUMBER: 01322142 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 August 2023

for

SANDIS INVESTMENTS LIMITED

SANDIS INVESTMENTS LIMITED (REGISTERED NUMBER: 01322142)






Contents of the Financial Statements
for the year ended 31 August 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SANDIS INVESTMENTS LIMITED

Company Information
for the year ended 31 August 2023







DIRECTORS: Ms A Disley
Ms C M Woodcock
Ms H A Disley





REGISTERED OFFICE: Global House
303 Ballards Lane
London
N12 8NP





REGISTERED NUMBER: 01322142 (England and Wales)





ACCOUNTANTS: K J Pittalis and Partners LLP
Chartered Certified Accountants
Global House
303 Ballards Lane
London
N12 8NP

SANDIS INVESTMENTS LIMITED (REGISTERED NUMBER: 01322142)

Statement of Financial Position
31 August 2023

31/8/23 31/8/22
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 976
Investment property 5 1,350,000 1,350,000
1,350,000 1,350,976

CURRENT ASSETS
Debtors 6 1,064 2,000
Cash at bank 22,872 13,549
23,936 15,549
CREDITORS
Amounts falling due within one year 7 (6,081 ) (8,797 )
NET CURRENT ASSETS 17,855 6,752
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,367,855

1,357,728

PROVISIONS FOR LIABILITIES 8 (271,258 ) (337,500 )
NET ASSETS 1,096,597 1,020,228

CAPITAL AND RESERVES
Called up share capital 9 98 98
Revaluation reserve 10 993,525 927,585
Retained earnings 10 102,974 92,545
SHAREHOLDERS' FUNDS 1,096,597 1,020,228

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

SANDIS INVESTMENTS LIMITED (REGISTERED NUMBER: 01322142)

Statement of Financial Position - continued
31 August 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2024 and were signed on its behalf by:




Ms A Disley - Director Ms C M Woodcock - Director




Ms H A Disley - Director


SANDIS INVESTMENTS LIMITED (REGISTERED NUMBER: 01322142)

Notes to the Financial Statements
for the year ended 31 August 2023

1. STATUTORY INFORMATION

Sandis Investments 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.

Turnover
Turnover represents rents receivable from the investment properties owned by company.Rents are recognised up to the year end date.

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 - 15% on reducing balance

Land and building held and used in the Company's own activities for production and supply of goods or for administration purposes are stated in the statement of financial position at their revalued amounts. Revaluations are carried out regularly so that the carrying amounts do not materially differ from using the fair value at the date of the statement of financial position.

Any revaluation increase or decrease on land and buildings is credited to the property revaluation reserve.

Depreciation on cost of buildings is charged to profit and loss. Depreciation on the revaluation amount on buildings is charged to the revaluation reserve, so as to write off their value less residual value, over their estimated useful life, using the straight line method.

Once the property is sold or retired any attributable revaluation surplus that is remaining in the property revaluation reserve is transferred to retained earnings. No transfer is made from the revaluation reserve to retained earnings unless an asset is derecognised.

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.

Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis is measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or less in the period in which they arise.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

SANDIS INVESTMENTS LIMITED (REGISTERED NUMBER: 01322142)

Notes to the Financial Statements - continued
for the year ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2022
and 31 August 2023 32,726
DEPRECIATION
At 1 September 2022 31,750
Charge for year 976
At 31 August 2023 32,726
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 976

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 September 2022
and 31 August 2023 1,350,000
NET BOOK VALUE
At 31 August 2023 1,350,000
At 31 August 2022 1,350,000

Cost or valuation at 31 August 2023 is represented by:
£   
Valuation in 2016 (120,910 )
Valuation in 2014 71,000
Valuation in 2011 914,783
Valuation in 2021 85,127
Valuation in 2022 400,000
1,350,000

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

31/8/23 31/8/22
£    £   
Cost 85,127 85,127

Investment properties were valued on an open market basis on 31 August 2023 by the directors. This is based on comparables of similar establishments in the area.

SANDIS INVESTMENTS LIMITED (REGISTERED NUMBER: 01322142)

Notes to the Financial Statements - continued
for the year ended 31 August 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Trade debtors - 2,000
Other debtors 1,064 -
1,064 2,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Tax 3,308 6,397
Accrued expenses 2,773 2,400
6,081 8,797

8. PROVISIONS FOR LIABILITIES
31/8/23 31/8/22
£    £   
Deferred tax
Accelerated capital allowances - 302
Other timing differences 271,258 337,198
271,258 337,500

Deferred Other
tax provisions
£    £   
Balance at 1 September 2022 337,500 164,628
Provided during year (66,242 ) -
Balance at 31 August 2023 271,258 164,628

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/8/23 31/8/22
value: £    £   
98 Ordinary £1 98 98

SANDIS INVESTMENTS LIMITED (REGISTERED NUMBER: 01322142)

Notes to the Financial Statements - continued
for the year ended 31 August 2023

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 September 2022 92,545 927,585 1,020,130
Profit for the year 79,369 79,369
Dividends (3,000 ) (3,000 )
Fair value reserve (65,940 ) 65,940 -
At 31 August 2023 102,974 993,525 1,096,499