Sandstorm International Limited
Statement of financial position
as at 31 December 2024
Intangible assets
1,609
4,342
Investments
1,606,963
1,606,963
Cash at bank and in hand
232
4,059
Creditors: amounts falling due within one year
(299,574)
(306,687)
Net current assets
444,240
473,749
Net assets
2,052,912
2,085,265
Called up share capital
669,137
669,137
Share premium
3,992,573
3,992,573
Profit and loss account
(2,608,798)
(2,576,445)
Shareholders' funds
2,052,912
2,085,265
For the year ending 31 December 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 December 2025 and were signed on its behalf by
Isaac Odundo Awuondo
Director
Company Registration No. SC243243
Sandstorm International Limited
Notes to the Accounts
for the year ended 31 December 2024
Sandstorm International Limited is a private company, limited by shares, registered in Scotland, registration number SC243243. The registered office is Park House Business Centre, South Street, Elgin, Morayshire, IV30 1JB, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
Reducing Balance Over 5 Years
Other tangible fixed assets
Reducing Balance Over 5 Years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 31 December 2024
27,226
At 31 December 2024
25,617
Sandstorm International Limited
Notes to the Accounts
for the year ended 31 December 2024
5
Tangible fixed assets
Computer equipment
6
Investments
Other investments
Valuation at 1 January 2024
1,606,963
Valuation at 31 December 2024
1,606,963
Amounts falling due within one year
Amounts due from group undertakings etc.
741,399
773,051
8
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
152
152
Loans from directors
168,858
174,934
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).