1.
General Information
Sandis Investments Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
01322142
. The registered office is Global House, 303 Ballards Lane, London, N12 8NP.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover represents rents receivable from the investment properties owned by the company. Rents are recognised up to the year end date.
2.3.
Investment Properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis is measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or less in the period in which they arise.
2.4.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Sandis Investments Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 1)
4.
Tangible Assets
| Fixtures & Fittings | |
|---|---|
| £ | |
| Cost | |
| As at 1 September 2024 |
|
| Disposals |
( |
| As at 31 August 2025 |
|
| Depreciation | |
| As at 1 September 2024 |
|
| Disposals |
( |
| As at 31 August 2025 |
|
| Net Book Value | |
| As at 31 August 2025 |
|
| As at 1 September 2024 |
|
5.
Investment Property
| 2025 | |
|---|---|
| £ | |
| Fair Value | |
| As at 1 September 2024 and 31 August 2025 |
|
|
2025
|
2024
|
||
|
£
|
£
|
||
|
Valuation in 2016
|
(120,910)
|
(120,910)
|
|
|
Valuation in 2014
|
71,000
|
71,000
|
|
|
Valuation in 2011
|
914,783
|
914,783
|
|
|
Valuation in 2021
|
85,127
|
85,127
|
|
|
Valuation in 2022
|
400,000
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 2" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
400,000
|
|
|
1,350,000
|
1,350,000
|
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
Sandis Investments Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Cost | 85,127 | 85,127 | |
6.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
7.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Other creditors | 13,600 | 3,000 | |
| Taxation and social security |
|
|
|
|
|
|
||
8.
Provisions for Liabilities
| Deferred Tax | Total | |
|---|---|---|
| £ | £ | |
| As at 1 September 2024 |
|
271,258 |
| Balance at 31 August 2025 |
|
271,258 |
Sandis Investments Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
10.
Reserves
| Revaluation reserve | Profit and Loss Account | |
|---|---|---|
| £ | £ | |
| As at 1 September 2024 |
|
|
| Profit for the year and total comprehensive income | - |
|
| Dividends paid | - | (40,000) |
| As at 31 August 2025 |
|
|