Sandhu Property Investment Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08331521

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		8,014		14,119
Investment Properties	5		22,727,400		22,727,400

			22,735,414		22,741,519
CURRENT ASSETS
Debtors	6	194,027		33,184
Cash at bank and in hand		1,133,181		1,183,676

		1,327,208		1,216,860
Creditors: Amounts Falling Due Within One Year	7	(481,178 )		(646,739 )

NET CURRENT ASSETS (LIABILITIES)			846,030		570,121

TOTAL ASSETS LESS CURRENT LIABILITIES			23,581,444		23,311,640

Creditors: Amounts Falling Due After More Than One Year	8		(11,114,071 )		(11,090,549 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	10		(2,352,845 )		(2,354,371 )

NET ASSETS			10,114,528		9,866,720

CAPITAL AND RESERVES
Called up share capital	11		2		2
Fair value reserve			7,052,524		7,052,524
Other reserves			24,836		80,173
Profit and Loss Account			3,037,166		2,734,021

SHAREHOLDERS' FUNDS			10,114,528		9,866,720

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Sandhu Property Investment Ltd

Balance Sheet (continued)

As At 31 December 2024

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Kamaljit Sandhu

Director

30/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Sandhu Property Investment Ltd Registered number 08331521 is a limited by shares company incorporated in England & Wales. The Registered Office is 13b The Vale, London, W3 7SH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover comprises the rents receivable during the period.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% on cost
Fixtures & Fittings	33.33% on cost

2.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Financial Instruments

A financial asset or a financial liability is recognised only when the entity 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 sub sequentially measured at amortised cost.

The company is in receipt of loans from a related party. The loans are initially recorded at the present value with the difference between this and the transaction price being included as an equity contribution. Present value is calculated using a market rate of interest for a similar debt instrument. Interest paid includes both interest payable and the effect of the use of present values in accordance with the above.

At the end of each period a transfer is made from the equity contribution to profit and loss representing the effect of the changes in present values charged in the profit and loss account as interest paid.

The amount included in creditors for these loans is the present value.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Sandhu Property Investment Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

2.7. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 3)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost or Valuation
As at 1 January 2024	33,145	7,855	41,000
Additions	-	2,040	2,040

As at 31 December 2024	33,145	9,895	43,040

Depreciation
As at 1 January 2024	19,887	6,994	26,881
Provided during the period	6,629	1,516	8,145

As at 31 December 2024	26,516	8,510	35,026

Net Book Value
As at 31 December 2024	6,629	1,385	8,014

As at 1 January 2024	13,258	861	14,119

A valuation of the investment properties was performed by the directors which the directors believe stands as a reflection of fair value on the balance sheet date.

5. Investment Property

	2024
	£
Fair Value
As at 1 January 2024 and 31 December 2024	22,727,400

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	19,730	24,064
Other debtors	174,297	9,120

	194,027	33,184

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Sandhu Property Investment Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	65	1
Bank loans and overdrafts	88,400	88,400
Other creditors	392,713	558,338

	481,178	646,739

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	5,413,400	5,501,800
Other loans	5,700,671	5,588,749

	11,114,071	11,090,549

9. Secured Creditors

Of the creditors the following amounts are secured.

	2024		2023
	£		£
Bank loans and overdrafts	5,501,800		5,590,200

10. Deferred Taxation

The deferred tax consists of a provision made on fair value adjustments in respect of investment properties and accelerated capital allowances.

	2024	2023
	£	£
Other timing differences	2,352,845	2,354,371

11. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

12. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mrs Kamaljit Sandhu	(192,752 )	330,295	-	-	137,543

The above loan is unsecured, interest free and repayable on demand.

13. Related Party Transactions

The company is in receipt of loans from a company controlled by the directors. The value of these on the balance sheet date is £5,618,185 (2023: £5,562,848).

Interest on these loans of £111,922 (2023: £110,521) was recognised through the profit and loss during the year.

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