Company registration number: 03831880
Unaudited financial statements
for the year ended 31 December 2024
for
The Sanctum London Limited
Pages for filing with the Registrar
Company registration number: 03831880
The Sanctum London Limited
Balance sheet
as at 31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 5,489,104 5,059,834
5,489,104 5,059,834
Current assets
Stocks 58,097 59,022
Debtors 1,514,319 865,123
Cash at bank and in hand 2,536 23,732
1,574,952 947,877
Creditors: amounts falling due within one
year 		(1,646,222) (993,721)
Net current liabilities (71,270) (45,844)
Total assets less current liabilities 5,417,834 5,013,990
Creditors: Amounts falling due after more
than one year 		6 (61,349) (41,581)
Provisions for liabilities (1,181,071) (1,003,325)
NET ASSETS 4,175,414 3,969,084
Capital and reserves
Called up share capital 1,751,250 1,751,250
Share premium account 499,750 499,750
Revaluation reserve 4,333,331 4,333,331
Profit and loss account (2,408,917) (2,615,247)
TOTAL EQUITY 4,175,414 3,969,084
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 03831880
The Sanctum London Limited
Balance sheet - continued
as at 31 December 2024
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr M Fuller, Director
30 September 2025
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The Sanctum London Limited
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
The Sanctum London Limited is a private company registered in England and Wales. Its registered number is 03831880. The company is limited by shares. Its registered office is 20 Warwick Street, London, W1B 5NF.
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 historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Patents and licences - 10% straight line
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The Sanctum London Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Short leasehold property - Over the term of the lease
Plant and machinery etc.:
Plant and machinery - 10% straight line
Fixtures & fittings - 10% and 20% straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Where investments in a non-derivative financial instrument that is equity of the issuer is publicly traded or the fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less inpairment.

Other financial instruments, including derivatives, are initially measured at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
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The Sanctum London Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that been enacted or substantively enacted by the balance sheet date and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 27 (2023 - 27).
4 Intangible assets
Other
intangible
assets
£
Cost
At 1 January 2024 4,614
At 31 December 2024 4,614
Amortisation
At 1 January 2024 4,614
At 31 December 2024 4,614
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The Sanctum London Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
4 Intangible assets - continued
Net book value
At 31 December 2024 -
At 31 December 2023 -
5 Tangible fixed assets
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Cost
At 1 January 2024 1,700,000 5,050,247 6,750,247
Additions 167,225 435,136 602,361
At 31 December 2024 1,867,225 5,485,383 7,352,608
Depreciation
At 1 January 2024 294,171 1,396,242 1,690,413
Charge for year 67,905 105,186 173,091
At 31 December 2024 362,076 1,501,428 1,863,504
Net book value
At 31 December 2024 1,505,149 3,983,955 5,489,104
At 31 December 2023 1,405,829 3,654,005 5,059,834
Cost or valuation at 31 December 2024 is represented by:
Land and
buildings 		Plant and
machinery
etc. 		Totals
£ £ £
Valuation in 2016 - 30,000 30,000
Valuation in 2019 1,182,246 2,813,013 3,995,259
Valuation in 2022 200,000 500,000 700,000
Valuation in 2023 - 264,815 264,815
Valuation in 2023 - (30,000) (30,000)
Cost 484,979 1,907,555 2,392,534
1,867,225 5,485,383 7,352,608
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The Sanctum London Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
6 Creditors: amounts falling due after more than five years
2024 2023
£ £
Repayable by instalments
Bank loans 5,424 12,656
7 Related party transactions
The parent company.

The Sanctum London Ltd made net funding of £1,486,421 (2023: £376,851) to the parent company in the year and the parent company cleared £1,357,612 (2023: £912,022) of the outstanding amount. The Sanctum London Ltd made management charges of £NIL (2023: £30,000). Interest of £22,583 (2023: £NIL) has been charged. At the balance sheet date The Sanctum London Ltd is owed £627,527 (2023: £476,136). The amount is classified as a current debtor and is repayable on demand.

A fellow subsidiary.

During the year The Sanctum London Ltd received net funding from the company of £5,000 (2023: £NIL). At the balance sheet date The Sanctum London Ltd owes the company £5,000 (2023: £NIL). The amount was classified as a current creditor and was repayable on demand, no interest was charged.

A fellow subsidiary.

During the year the company repaid £NIL (2023: £NIL) to The Sanctum London Ltd. At the balance sheet date the company owes The Sanctum Lodnon Ltd £NIL (2023: £NIL). The amount was classified as a current debtor and was repayable on demand, no interest was charged.

A fellow subsidiary.

During the year The Sanctum London Ltd made net funding of £78,696 (2023: £25,127) to the company and the company cleared £174,588 (2023: £NIL). At the balance sheet date The Sanctum London Ltd owes the company £95,892 (2023: £NIL). The amount was classified as a current creditor and was repayable on demand, no interest was charged.
8 Controlling party
The ultimate controlling party is Concept Venues Ltd (company No:03831969).

The ultimate controlling party is M N J Fuller through their control of the parent company Concept Venues Ltd (a company registered in England & Wales).
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