REGISTERED NUMBER: 09978827 (England and Wales)

Financial Statements

For The Year Ended 31 March 2025

for

Sandown Estates Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Gupta

Mrs S T Gupta

REGISTERED OFFICE:

TWM Solicitors LLP

65 Woodbridge Road

GUILDFORD

Surrey

GU1 4RD

REGISTERED NUMBER:

09978827 (England and Wales)

ACCOUNTANTS:

Nicholsons

Chartered Accountants

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

BANKERS:

Lloyds TSB Bank PLC

16 Market Place

OLDHAM

OL1 1JG

FIXED ASSETS

Tangible assets

3

1,636

405

Investment property

4

1,020,000

1,020,000

1,021,636

1,020,405

CURRENT ASSETS

Debtors

5

1,141

298

Cash at bank

9,876

30,667

11,017

30,965

CREDITORS

Amounts falling due within one year

6

174,338

199,059

NET CURRENT LIABILITIES

(163,321

)

(168,094

)

TOTAL ASSETS LESS CURRENT LIABILITIES

858,315

852,311

CREDITORS

Amounts falling due after more than one year

7

(573,142

)

(589,036

)

PROVISIONS FOR LIABILITIES

(74,418

)

(56,558

)

NET ASSETS

210,755

206,717

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

210,655

206,617

210,755

206,717

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 16 December 2025 and were signed on its behalf by:

Mr A Gupta - Director

1.	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 to include certain items at fair value.

Turnover

Turnover represents rents receivable on an accrual basis.

Tangible fixed assets

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

Computer equipment

-

33% on reducing balance

Investment property

Investment properties are initially measure at cost which comprises the purchase price and any directly attributable expenditure. They are subsequently measured at fair value at each reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in other comprehensive income or directly in equity.

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 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.

Financial instruments

Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measured at the present value of future payments, discounted at a market rate of interest.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

3.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

1,638

Additions

1,599

At 31 March 2025

3,237

DEPRECIATION

At 1 April 2024

1,233

Charge for year

368

At 31 March 2025

1,601

NET BOOK VALUE

At 31 March 2025

1,636

At 31 March 2024

405

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,020,000

NET BOOK VALUE

At 31 March 2025

1,020,000

At 31 March 2024

1,020,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2024

264,158

Cost

755,842

1,020,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

794,195

794,195

Aggregate depreciation

(51,979

)

(51,979

)

The properties were revalued to their fair value when they were purchased which is based on the recent purchases and takes into account any refurbishments carried out. The Directors are satisfied that the properties value in the accounts is not materially different from their fair value as at 31st March 2024.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Prepayments

1,141

298

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,725

6,025

Tax

4,848

1,759

Other creditors

1,150

1,150

Directors' loan accounts

158,625

187,125

Accruals and deferred income

3,990

3,000

174,338

199,059

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

6,308

6,176

Bank loans - 2-5 years

16,341

21,737

Bank loans more 5 yr by instal

550,493

561,123

573,142

589,036

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

550,493

561,123

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Mortgages

550,493

561,123

Mortgages are secured on the properties to which they relate.

9.	RELATED PARTY DISCLOSURES