REGISTERED NUMBER: 09988802 (England and Wales)

Financial Statements

for the Year Ended 28 February 2025

for

Quicksand Properties Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

B Burgess

N Heseltine

REGISTERED OFFICE:

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

REGISTERED NUMBER:

09988802 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

FIXED ASSETS

Investment property

5

6,725,000

5,428,000

CURRENT ASSETS

Debtors

6

66,762

59,140

Cash at bank

208,979

78,978

275,741

138,118

CREDITORS

Amounts falling due within one year

7

(267,783

)

(1,069,917

)

NET CURRENT ASSETS/(LIABILITIES)

7,958

(931,799

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,732,958

4,496,201

CREDITORS

Amounts falling due after more than one year

8

(3,797,839

)

(3,705,000

)

PROVISIONS FOR LIABILITIES

(149,788

)

-

NET ASSETS

2,785,331

791,201

CAPITAL AND RESERVES

Called up share capital

4

4

Fair value reserve

449,364

-

Retained earnings

2,335,963

791,197

SHAREHOLDERS' FUNDS

2,785,331

791,201

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

B Burgess - Director

1.	STATUTORY INFORMATION

Quicksand Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 have been enacted or substantively enacted by the year end 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 probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

5.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 March 2024

5,428,000

Disposals

(547,000

)

Revaluations

1,844,000

At 28 February 2025

6,725,000

Net book value

At 28 February 2025

6,725,000

At 29 February 2024

5,428,000

Fair value at 28 February 2025 is represented by:

£

Valuation in 2018

(67,225

)

Valuation in 2019

(203,805

)

Valuation in 2020

30,000

Valuation in 2021

(3,475

)

Valuation in 2024

(925,000

)

Valuation in 2025

1,768,657

Cost

6,125,848

6,725,000

If investment property had not been revalued it would have been included at the following historical cost:

28/2/25

29/2/24

£

£

Cost

6,125,848

6,597,505

Investment property was valued on an open market basis on 28 February 2025 by the Director .

During the 28 February 2025 year property with the historical cost value of £471,657 was disposed of. The historic fair value adjustment has been recognised in Valuation 2025.

6.

DEBTORS

28/2/25

29/2/24

£

£

Amounts falling due within one year:

Trade debtors

43,140

41,218

Other debtors

15,335

17,922

58,475

59,140

Amounts falling due after more than one year:

Other debtors

8,287

-

Aggregate amounts

66,762

59,140

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/25

29/2/24

£

£

Bank loans and overdrafts

50,354

759,122

Taxation and social security

129,694

106,816

Other creditors

87,735

203,979

267,783

1,069,917

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28/2/25

29/2/24

£

£

Bank loans

1,076,439

-

Other creditors

2,721,400

3,705,000

3,797,839

3,705,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

28/2/25

29/2/24

£

£

Bank loans

1,126,793

759,122

The bank loan is secured by first legal charges on certain of the investment property.

10.	RELATED PARTY DISCLOSURES

Other creditors falling due after one year are loans from the shareholders of £2,721,400 (2024: £3,705,000). The loans do not bear interest.