The Sandeman Quarter Limited

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

Registered number: 13988376

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		89		426
Tangible Assets	5		999,640		1,125,022

			999,729		1,125,448
CURRENT ASSETS
Stocks	6	47,823		103,405
Debtors	7	119,354		117,015
Cash at bank and in hand		3,775		26,399

		170,952		246,819
Creditors: Amounts Falling Due Within One Year	8	(2,532,405 )		(1,800,724 )

NET CURRENT ASSETS (LIABILITIES)			(2,361,453 )		(1,553,905 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(1,361,724 )		(428,457 )

Creditors: Amounts Falling Due After More Than One Year	9		(2,349,018 )		(2,078,332 )

NET LIABILITIES			(3,710,742 )		(2,506,789 )

CAPITAL AND RESERVES
Called up share capital	10		95		100
Share premium account			94,905		94,905
Capital redemption reserve			5		-
Profit and Loss Account			(3,805,747 )		(2,601,794 )

SHAREHOLDERS' FUNDS			(3,710,742)		(2,506,789)

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The Sandeman Quarter Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their 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

Mr Robert Ratcliffe

Director

30/10/2025

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

1. General Information

The Sandeman Quarter Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13988376 . The registered office is 20 St. Swithin's Lane, London, EC4N 8AD.

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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are development of web site. It is amortised to profit and loss account over its estimated economic life of 3 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:

Leasehold	Over 10 years
Plant & Machinery	25% straight line
Fixtures & Fittings	25% straight line
Computer Equipment	25% staright line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 30 (2024: 28)

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The Sandeman Quarter Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2024	1,100

As at 31 March 2025	1,100

Amortisation
As at 1 April 2024	674
Provided during the period	337

As at 31 March 2025	1,011

Net Book Value
As at 31 March 2025	89

As at 1 April 2024	426

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	1,067,992	124,709	164,645	14,796	1,372,142
Additions	-	11,832	-	-	11,832

As at 31 March 2025	1,067,992	136,541	164,645	14,796	1,383,974

Depreciation
As at 1 April 2024	156,524	35,468	50,887	4,241	247,120
Provided during the period	106,799	12,471	16,464	1,480	137,214

As at 31 March 2025	263,323	47,939	67,351	5,721	384,334

Net Book Value
As at 31 March 2025	804,669	88,602	97,294	9,075	999,640

As at 1 April 2024	911,468	89,241	113,758	10,555	1,125,022

6. Stocks

	2025	2024
	£	£
Finished goods	47,823	103,405

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	(800 )	700
Prepayments and accrued income	25,543	47,120
Other debtors	94,611	69,195

	119,354	117,015

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The Sandeman Quarter Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	252,747	66,957
Bank loans and overdrafts	22,457	2,665
Other taxes and social security	93,162	65,526
VAT	37,806	9,414
Net wages	47,511	57,080
Other creditors	85,892	105,906
Accruals and deferred income	132,847	121,890
Directors' loan accounts	1,859,983	1,371,286

	2,532,405	1,800,724

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

	2025	2024
	£	£
Other loans	2,349,018	2,078,332

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	95	100

11. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	-	260,000
Later than one year and not later than five years	-	1,300,000
Later than five years	-	780,000

	-	2,340,000

The above relate to the lease of the premises at a current rent of £260,000 per annum.

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