Company registration number 09392913 (England and Wales)
SANDS LANE LIMITED
(FORMERLY STEVRO (HOLDINGS) LIMITED)
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 18 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
SANDS LANE LIMITED
(FORMERLY STEVRO (HOLDINGS) LIMITED)
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
SANDS LANE LIMITED
(FORMERLY STEVRO (HOLDINGS) LIMITED)
BALANCE SHEET
AS AT
18 AUGUST 2025
18 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
2
5,000,000
4,425,000
Current assets
Debtors
3
133,101
104,323
Cash at bank and in hand
49,410
80,492
182,511
184,815
Creditors: amounts falling due within one year
4
(1,755,109)
(1,376,182)
Net current liabilities
(1,572,598)
(1,191,367)
Total assets less current liabilities
3,427,402
3,233,633
Creditors: amounts falling due after more than one year
5
(1,572,902)
(1,722,702)
Provisions for liabilities
(392,095)
(298,153)
Net assets
1,462,405
1,212,778
Capital and reserves
Called up share capital
88
88
Revaluation reserve
1,325,706
894,456
Profit and loss reserves
136,611
318,234
Total equity
1,462,405
1,212,778

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

For the financial year ended 18 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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.

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

SANDS LANE LIMITED
(FORMERLY STEVRO (HOLDINGS) LIMITED)
BALANCE SHEET (CONTINUED)
AS AT
18 AUGUST 2025
18 August 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 18 May 2026 and are signed on its behalf by:
Mr Roger Edward Durrans
Director
Company registration number 09392913 (England and Wales)
SANDS LANE LIMITED
(FORMERLY STEVRO (HOLDINGS) LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 18 AUGUST 2025
- 3 -
1
Accounting policies
Company information

Sands Lane Limited is a private company limited by shares incorporated in England and Wales. The registered office is Low Mill Lane, Ravensthorpe Industrial Estate, Dewsbury, West Yorkshire, WF13 3LN.

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, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the 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.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
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.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

SANDS LANE LIMITED
(FORMERLY STEVRO (HOLDINGS) LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 18 AUGUST 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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 company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

SANDS LANE LIMITED
(FORMERLY STEVRO (HOLDINGS) LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 18 AUGUST 2025
1
Accounting policies
(Continued)
- 5 -
1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Investment property
2025
£
Fair value
At 19 August 2024
4,425,000
Revaluations
575,000
At 18 August 2025
5,000,000

Investment property comprises £5,000,000 (20 24: £4,425,000). The fair value of the investment property has been arrived at on the basis of a valuation carried out at by the director at the year end.

3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
19,152
4,708
Other debtors
113,949
99,615
133,101
104,323
4
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
149,800
149,800
Trade creditors
256,008
72,888
Amounts owed to former group undertakings
1,327,707
1,121,456
Corporation tax
38
803
Other taxation and social security
-
0
14,802
Other creditors
21,556
16,433
1,755,109
1,376,182
SANDS LANE LIMITED
(FORMERLY STEVRO (HOLDINGS) LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 18 AUGUST 2025
- 6 -
5
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
1,572,902
1,722,702

Bank loans and overdrafts are secured by a fixed charge over the company's property.

6
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
44,194
-
0
7
Parent company

The immediate and ultimate parent undertaking is Sands Lane Holdings Limited (Formerly Homesprung Holdings Limited), who owns 100% of the company's share capital. The company is registered in England and Wales.

The registered office of the parent undertaking is c/o Jay-Be Limited, Low Mill Lane, Ravensthorpe Industrial Estate, Dewsbury, West Yorkshire, WF13 3LN.

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