ACCOUNTS - Final Accounts preparation

Registered number: 07853044

SANDALEX INVESTMENTS LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

SANDALEX INVESTMENTS LTD

REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SANDALEX INVESTMENTS LTD
FOR THE YEAR ENDED 31 DECEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sandalex Investments Ltd for the year ended 31 December 2024 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas -framework-preparation -of-accounts.

This report is made solely to the Board of Directors of Sandalex Investments Ltd, as a body, in accordance with the terms of our engagement letter dated 8 June 2017. Our work has been undertaken solely to prepare for your approval the financial statements of Sandalex Investments Ltd and state those matters that we have agreed to state to the Board of Directors of Sandalex Investments Ltd, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at https://icas.com/icas -framework-preparation -of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sandalex Investments Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sandalex Investments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sandalex Investments Ltd. You consider that Sandalex Investments Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Sandalex Investments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Milton Avis LLP

Chartered Accountants

Pitt House

120 Baker Street

London

W1U 6TU

15 September 2025

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SANDALEX INVESTMENTS LTD

REGISTERED NUMBER: 07853044

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets		372		534
		372		534
Current assets
Stocks	1,329,376		1,329,376
Debtors: amounts falling due within one year	2,621		2,621
Cash at bank and in hand	4,045		8,710
	1,336,042		1,340,707
Creditors: amounts falling due within one year	(59,229)		(59,229)
Net current assets		1,276,813		1,281,478
Total assets less current liabilities		1,277,185		1,282,012
Creditors: amounts falling due after more than one year		(1,256,614)		(1,263,101)

Net assets		20,571		18,911

Capital and reserves
Called up share capital	94	94
Profit and loss account	20,477	18,817
	20,571	18,911

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SANDALEX INVESTMENTS LTD

REGISTERED NUMBER: 07853044

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 September 2025.

................................................

Sandra Francine Hamilton

Director

The notes on pages 11 to 14 form part of these financial statements.

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SANDALEX INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

The company is a private company limited by shares and is incorporated under the registered number 07853044 in England and Wales. The company's current registered office is Pitt House, 120 Baker Street, London, W1U 6TU.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The presentation currency is pounds sterling, rounded to the nearest pound.

The following principal accounting policies have been applied:

2.2

Going concern

These accounts have been prepared on a going concern basis on the understanding that the
directors will continue to financially support the company.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Rental Income
Revenue from the lease agreements is recognised in the period in which it is received, in accordance with the terms outlined in the tenancy agreement and as specified in the rent schedule.

2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

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SANDALEX INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

				Plant and machinery	-	25% RB
				Office equipment	-	33% RB

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.8

Stocks

Stocks are stated at the lower of cost and net realisable value.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.9

Debtors

Short-term debtors are measured at transaction price. Loans receivable are measured initially at fair value.

2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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SANDALEX INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured at fair value.

Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

4.	Tangible fixed assets

	Plant and machinery	Office equipment	Total
	£	£	£
Cost or valuation
At 1 January 2024	8,319	2,110	10,429
At 31 December 2024	8,319	2,110	10,429
Depreciation
At 1 January 2024	8,141	1,754	9,895
Charge for the year on owned assets	45	117	162
At 31 December 2024	8,186	1,871	10,057
Net book value
At 31 December 2024	133	239	372
At 31 December 2023	178	356	534

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SANDALEX INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Other debtors	2,621	2,621
	2,621	2,621

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Other taxation and social security	240	240
Other creditors	58,989	58,989
	59,229	59,229

7.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Bank loans	671,052	671,001
Other creditors	585,562	592,100
	1,256,614	1,263,101

Directors' and shareholders' loan accounts are non-interest bearing.

8.	Related party transactions
	Included in creditors is a balance of £50,654 (2022: £50,654) payable to Sandalex Trading Ltd, a company in which Mr L Hamilton and Mrs S F Hamilton are shareholders.

9.	Controlling party

The ultimate controlling party is The Board of Directors by appointment of the Shareholders.

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