Sinclair Sandwich Thanet Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01954285 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

SINCLAIR SANDWICH THANET LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr S Strickland

Ms M Griffiths Versteeg

A D E Ford

G M Klaukka

I D Parker

S M Cowan

Dr E M R Ottina

REGISTERED OFFICE:

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

REGISTERED NUMBER:

01954285 (England and Wales)

ACCOUNTANTS:

Stephenson Nuttall & Co

Chartered Accountants

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

SOLICITORS:

Broadfield Law UK LLP

One Bartholomew Close

London

EC1A 7BL

FIXED ASSETS

Tangible assets

4

645,853

Investments

5

1,680

Investment property

6

182,144

182,216

829,677

829,749

CURRENT ASSETS

Debtors

7

59,471

38,327

Cash at bank

424,128

434,459

483,599

472,786

CREDITORS

Amounts falling due within one year

8

10,806

8,354

NET CURRENT ASSETS

472,793

464,432

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,302,470

1,294,181

PROVISIONS FOR LIABILITIES

9

17,712

17,726

NET ASSETS

1,284,758

1,276,455

CAPITAL AND RESERVES

Called up share capital

10

1,620

Share premium

395,950

Retained earnings

887,188

878,885

SHAREHOLDERS' FUNDS

1,284,758

1,276,455

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th October 2025 and were signed on its behalf by:

S M Cowan - Director

1.	STATUTORY INFORMATION

Sinclair Sandwich Thanet Limited 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.

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 historical cost convention as modified by the revaluation of certain assets.

Turnover

Represents net invoices amounts of leases sold, ground rents, service charges, rental income and interest received. All operating income has been in the UK.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Investment property

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 tax

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

COST

At 1st November 2023

and 31st October 2024

645,853

4,521

650,374

DEPRECIATION

At 1st November 2023

and 31st October 2024

-

4,521

NET BOOK VALUE

At 31st October 2024

645,853

-

645,853

At 31st October 2023

645,853

-

645,853

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1st November 2023

and 31st October 2024

1,680

NET BOOK VALUE

At 31st October 2024

1,680

At 31st October 2023

1,680

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st November 2023

182,216

Revaluations

(72

)

At 31st October 2024

182,144

NET BOOK VALUE

At 31st October 2024

182,144

At 31st October 2023

182,216

Fair value at 31st October 2024 is represented by:

£

Valuation in 2019

100,680

Valuation in 2021

4,104

Valuation in 2022

5,192

Valuation in 2023

(6,029

)

Valuation in 2024

(72

)

Cost

78,269

182,144

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

31/10/24

31/10/23

£

Cost

78,269

Investment property was valued on an open market basis on 31st October 2024 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/24

31/10/23

£

Amounts owed by group undertakings

37,750

27,972

Other debtors

21,533

10,355

Prepayments

188

-

59,471

38,327

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/24

31/10/23

£

Other creditors

4,540

1,677

Accruals and deferred income

6,266

6,677

10,806

8,354

9.	PROVISIONS FOR LIABILITIES

31/10/24

31/10/23

£

Deferred tax

17,712

17,726

Deferred

tax

£

Balance at 1st November 2023

17,726

Credit to Statement of Income and Retained Earnings during year

(14

)

Balance at 31st October 2024

17,712

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/10/24

31/10/23

value:

£

162

Ordinary

£10

1,620