Company registration number 02614138 (England and Wales)
SENTINEL PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
SENTINEL PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
SENTINEL PROPERTIES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
302
4,495
Current assets
Stocks
4
967,819
852,797
Debtors
5
1,539
1,322
Cash at bank and in hand
89,635
106,482
1,058,993
960,601
Creditors: amounts falling due within one year
6
(1,136,238)
(1,027,900)
Net current liabilities
(77,245)
(67,299)
Net liabilities
(76,943)
(62,804)
Capital and reserves
Called up share capital
75
75
Profit and loss reserves
(77,018)
(62,879)
Total equity
(76,943)
(62,804)

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 5 November 2025 and are signed on its behalf by:
R DUGUID
R Duguid
Director
Company registration number 02614138 (England and Wales)
SENTINEL PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Sentinel Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 7 Office 7, 35-37 Ludgate Hill, London, EC4M 7JN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements are prepared on a going concern basis. At the balance sheet date, the company had net current liabilities of £77,245 (2024 - £67,299). Included within these liabilities are amounts due to the directors of £999,652 (2024 - £999,652). The directors have confirmed that they shall not seek repayment of amounts due to them until working capital permits. Furthermore, the directors have confirmed that they shall continue to support the company to facilitate its ability to continue as a going concern for the foreseeable future. true

As a result, the director s ha ve continued to adopt the going concern basis of accounting in preparing the annual financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Property sales are recognised in the period to which they relate.

1.4
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
4 years straight line
Motor vehicles
4 years straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

SENTINEL PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors. These are measured at amortised cost and are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

1.8

Interest Income

Interest income is recognised in the Statement of comprehensive income using the effective interest method

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
4
4
3
Tangible fixed assets
Computers
Motor vehicles
Total
£
£
£
Cost
At 1 April 2024 and 31 March 2025
732
38,333
39,065
Depreciation and impairment
At 1 April 2024
247
34,323
34,570
Depreciation charged in the year
183
4,010
4,193
At 31 March 2025
430
38,333
38,763
Carrying amount
At 31 March 2025
302
-
0
302
At 31 March 2024
485
4,010
4,495
4
Stocks
2025
2024
£
£
Work in progress
967,819
852,797
SENTINEL PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
1,539
1,322
6
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
999,838
999,939
Accruals and deferred income
136,400
27,961
1,136,238
1,027,900
7
Related party transactions

During the current year, the company made no advances and received no credits from a director, which resulted in amounts due by the company at the year end of £460,734 (20 24 - £460,734).

During the current year, the company made no advances and received no credits from a director, which resulted in amounts due by the company at the year end of £452,671 (20 24 - £452,671).

During the current year, the company made no advances and received no credits from a director, which resulted in amounts due by the company at the year end of £61,025 (20 24 - £61,025).

During the current year, the company made no advances and received no credits from a director, which resulted in amounts due by the company at the year end of £25,222 (20 24 - £25,222).

There are no fixed repayment terms, nor is interest charged on the above balance s.

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