REGISTERED NUMBER: 09585302 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Sandgate Park Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S Cornfield

REGISTERED OFFICE:

3 Vinovia Place

Ingleby Barwick

Stockton on Tees

TS17 5LU

REGISTERED NUMBER:

09585302 (England and Wales)

ACCOUNTANTS:

JBC Accountants Limited

Chartered Accountants

3B Lockheed Court

Preston Farm

Stockton on Tees

TS18 3SH

FIXED ASSETS

Tangible assets

4

174

218

Investment property

5

2,190,000

2,190,000

2,190,174

2,190,218

CURRENT ASSETS

Debtors

6

42,008

23,495

Cash at bank

40,999

40,397

83,007

63,892

CREDITORS

Amounts falling due within one year

7

96,234

70,913

NET CURRENT LIABILITIES

(13,227

)

(7,021

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,176,947

2,183,197

CREDITORS

Amounts falling due after more than one year

8

(751,357

)

(764,766

)

PROVISIONS FOR LIABILITIES

(297,700

)

(297,711

)

NET ASSETS

1,127,890

1,120,720

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

1,127,880

1,120,710

1,127,890

1,120,720

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 May 2026 and were signed by:

Mr S Cornfield - Director

1.	STATUTORY INFORMATION

Sandgate Park Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	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 by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

20% on reducing balance

Investment property

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

and 31 May 2025

262

DEPRECIATION

At 1 June 2024

44

Charge for year

44

At 31 May 2025

88

NET BOOK VALUE

At 31 May 2025

174

At 31 May 2024

218

5.	INVESTMENT PROPERTY

The valuation was made by directors on an open market value basis by reference to market evidence of transaction prices for similar properties. Deferred tax has been calculated on the revalued amounts and provided for within the financial statements.

The historical cost of the investment property was £999,374.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/25

31/5/24

£

£

Trade debtors

25,013

4,990

Other debtors

16,995

18,505

42,008

23,495

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/25

31/5/24

£

£

Bank loans and overdrafts

14,358

15,306

Trade creditors

35,205

15,044

Taxation and social security

10,320

14,725

Other creditors

36,351

25,838

96,234

70,913

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/5/25

31/5/24

£

£

Bank loans

751,357

764,766

9.	SECURED DEBTS

The following secured debts are included within creditors:

31/5/25

31/5/24

£

£

Bank loans

765,715

780,072