Sandymount Group Limited 11769070 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is 64209 - Activities of other holding companies not elsewhere classified Digita Accounts Production Advanced 6.30.9574.0 true true 11769070 2023-11-01 2024-10-31 11769070 2024-10-31 11769070 core:CurrentFinancialInstruments 2024-10-31 11769070 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 11769070 core:Non-currentFinancialInstruments core:AfterOneYear 2024-10-31 11769070 core:FurnitureFittingsToolsEquipment 2024-10-31 11769070 core:MotorVehicles 2024-10-31 11769070 core:OtherPropertyPlantEquipment 2024-10-31 11769070 bus:SmallEntities 2023-11-01 2024-10-31 11769070 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 11769070 bus:FilletedAccounts 2023-11-01 2024-10-31 11769070 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 11769070 bus:RegisteredOffice 2023-11-01 2024-10-31 11769070 bus:Director1 2023-11-01 2024-10-31 11769070 bus:Director2 2023-11-01 2024-10-31 11769070 bus:Director3 2023-11-01 2024-10-31 11769070 bus:Director4 2023-11-01 2024-10-31 11769070 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11769070 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 11769070 core:MotorVehicles 2023-11-01 2024-10-31 11769070 core:OtherPropertyPlantEquipment 2023-11-01 2024-10-31 11769070 countries:AllCountries 2023-11-01 2024-10-31 11769070 2023-10-31 11769070 core:FurnitureFittingsToolsEquipment 2023-10-31 11769070 core:MotorVehicles 2023-10-31 11769070 core:OtherPropertyPlantEquipment 2023-10-31 11769070 2022-11-01 2023-10-31 11769070 2023-10-31 11769070 core:CurrentFinancialInstruments 2023-10-31 11769070 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 11769070 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 11769070 core:FurnitureFittingsToolsEquipment 2023-10-31 11769070 core:MotorVehicles 2023-10-31 11769070 core:OtherPropertyPlantEquipment 2023-10-31 iso4217:GBP xbrli:pure

Registration number: 11769070

Sandymount Group Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Sandymount Group Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Sandymount Group Limited

Company Information

Directors

Mrs E A Haren

Mr M J H Haren

Mr A C Pordage

Ms M Woodham

Registered office

14 Rowan Drive
Royal Wootton Bassett
Swindon
Wiltshire
SN4 7ES

Accountants

Regulatory Accounting Ltd
T/A Optimum Professional Services
Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE

 

Sandymount Group Limited

(Registration number: 11769070)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

65,772

12,783

Current assets

 

Stocks

5

53,433

53,433

Debtors

6

83,390

55,803

Investments

7

10,903

10,903

Cash at bank and in hand

 

9,790

3,448

 

157,516

123,587

Creditors: Amounts falling due within one year

8

(15,976)

(8,680)

Net current assets

 

141,540

114,907

Total assets less current liabilities

 

207,312

127,690

Creditors: Amounts falling due after more than one year

8

(149,983)

(107,011)

Provisions for liabilities

(16,443)

-

Net assets

 

40,886

20,679

Capital and reserves

 

Called up share capital

100

100

Retained earnings

40,786

20,579

Shareholders' funds

 

40,886

20,679

 

Sandymount Group Limited

(Registration number: 11769070)
Balance Sheet as at 31 October 2024

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 11 July 2025 and signed on its behalf by:
 

.........................................
Mrs E A Haren
Director

.........................................
Mr M J H Haren
Director

 

Sandymount Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
14 Rowan Drive
Royal Wootton Bassett
Swindon
Wiltshire
SN4 7ES
England

These financial statements were authorised for issue by the Board on 11 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when: The amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity, and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Sandymount Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Sandymount Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Sandymount Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 November 2023

1,536

54,335

35,241

91,112

Additions

2,744

73,807

2,400

78,951

Disposals

-

(65,770)

-

(65,770)

At 31 October 2024

4,280

62,372

37,641

104,293

Depreciation

At 1 November 2023

1,056

43,437

33,836

78,329

Charge for the year

931

17,592

1,537

20,060

Eliminated on disposal

-

(59,868)

-

(59,868)

At 31 October 2024

1,987

1,161

35,373

38,521

Carrying amount

At 31 October 2024

2,293

61,211

2,268

65,772

At 31 October 2023

480

10,898

1,405

12,783

5

Stocks

2024
£

2023
£

Work in progress

53,433

53,433

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

76,736

45,969

Amounts owed by related parties

6,654

6,654

Other debtors

 

-

3,180

   

83,390

55,803

7

Current asset investments

2024
£

2023
£

Shares in group undertakings

10,903

10,903

 

Sandymount Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8,574

-

Trade creditors

 

708

2,078

Taxation and social security

 

5,374

5,402

Accruals and deferred income

 

1,320

1,200

 

15,976

8,680

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

35,855

-

Other non-current financial liabilities

 

114,128

107,011

 

149,983

107,011