| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 August 2023 |
| for |
| SANDIS INVESTMENTS LIMITED |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 | ( |
) | ( |
) |
| NET ASSETS |
| 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 |
| 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 |
| 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 |
| 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 |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents rents receivable from the investment properties owned by company.Rents are recognised up to the year end date. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| 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 |
| 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 |
| DEPRECIATION |
| At 1 September 2022 |
| Charge for year |
| At 31 August 2023 |
| NET BOOK VALUE |
| At 31 August 2023 |
| At 31 August 2022 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 September 2022 |
| and 31 August 2023 |
| NET BOOK VALUE |
| At 31 August 2023 |
| At 31 August 2022 |
| 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 |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/8/23 | 31/8/22 |
| £ | £ |
| Tax |
| Accrued expenses |
| 8. | PROVISIONS FOR LIABILITIES |
| 31/8/23 | 31/8/22 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances |
| Other timing differences | 271,258 | 337,198 |
| 271,258 | 337,500 |
| Deferred | Other |
| tax | provisions |
| £ | £ |
| Balance at 1 September 2022 |
| Provided during year | ( |
) |
| Balance at 31 August 2023 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31/8/23 | 31/8/22 |
| value: | £ | £ |
| 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 |
| Dividends | ( |
) | ( |
) |
| Fair value reserve | (65,940 | ) | 65,940 | - |
| At 31 August 2023 | 102,974 | 993,525 | 1,096,499 |