Sand and Castle Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07508673

Sand and Castle Limited

Filleted Unaudited Financial Statements

31 March 2025

Sand and Castle Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Current assets

Debtors	4	20,077	20,078
Cash at bank and in hand		–	7,258
		--------	--------
		20,077	27,336

Creditors: amounts falling due within one year	5	14,175		13,249
		--------		--------
Net current assets			5,902	14,087
			-------	--------
Total assets less current liabilities			5,902	14,087

Creditors: amounts falling due after more than one year	6	24,473	30,100
		--------	--------
Net liabilities		( 18,571)	( 16,013)
		--------	--------

Capital and reserves

Called up share capital	4	4
Profit and loss account	( 18,575)	( 16,017)
	--------	--------
Shareholders deficit	( 18,571)	( 16,013)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The 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 Act with respect to accounting records and the preparation of financial statements .

Sand and Castle Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 15 December 2025 , and are signed on behalf of the board by:

H Slater

Director

Company registration number: 07508673

Sand and Castle Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Swallow House, Parsons Road, Washington, Tyne and Wear, NE37 1EZ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	20,000	20,000
Other debtors	77	78
	--------	--------
	20,077	20,078
	--------	--------

5. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	6,296	6,156
Other creditors	7,879	7,093
	--------	--------
	14,175	13,249
	--------	--------

6. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	24,473	30,100
	--------	--------

7. Directors' advances, credits and guarantees

Included in creditors: due within one year is a directors loan balance of £6,299 (2024: £5,513).

8. Related party transactions

No transactions with related parties were undertaken such as are required to be disclosed under FRS102.