Company No: 11577018 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	4,568		1,273
Investment property	4	14,934,277		19,229,385
		14,938,845		19,230,658
Current assets
Debtors	5	1,996,372		1,660,056
Cash at bank and in hand		10,759		10,786
		2,007,131		1,670,842
Creditors: amounts falling due within one year	6	( 5,996,368)		( 9,136,512)
Net current liabilities		(3,989,237)		(7,465,670)
Total assets less current liabilities		10,949,608		11,764,988
Creditors: amounts falling due after more than one year	7	( 8,850,000)		( 9,597,000)
Provision for liabilities		( 539,913)		( 5,667)
Net assets		1,559,695		2,162,321
Capital and reserves
Called-up share capital	8	1,000		1,000
Fair value reserve		768,750		0
Profit and loss account		789,945		2,161,321
Total shareholder's funds		1,559,695		2,162,321

For the financial year ending 31 August 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Sackville Limited (registered number: 11577018) were approved and authorised for issue by the Board of Directors on 28 May 2026. They were signed on its behalf by:

Mr R J Hooper Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Sackville Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Unit 18, 23 Royal William Yard, Melville Building East, Plymouth, PL1 3GW, United Kingdom. The principal place of business is Ocean House, 10, Kinterbury Street, Plymouth, Devon, PL1 2DG.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Office equipment

5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Office equipment		Total
	£		£
Cost
At 01 September 2024	2,108		2,108
Additions	4,264		4,264
At 31 August 2025	6,372		6,372
Accumulated depreciation
At 01 September 2024	835		835
Charge for the financial year	969		969
At 31 August 2025	1,804		1,804
Net book value
At 31 August 2025	4,568		4,568
At 31 August 2024	1,273		1,273

4. Investment property

	Investment property
	£
Valuation
As at 01 September 2024	19,229,385
Fair value movement	1,025,000
Disposals	(5,320,108)
As at 31 August 2025	14,934,277

Valuation

The valuations of investment properties were made by Jones Lang Lasalle, Chartered Surveyors, on an open market basis in January 2025. Directors are satisfied that this is still an appropriate valuation. No depreciation is provided in respect of these properties.

5. Debtors

	2025		2024
	£		£
Trade debtors	200		0
Amounts owed by Group undertakings	1,951,298		1,567,199
Other debtors	44,874		92,857
	1,996,372		1,660,056

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	0		384,000
Trade creditors	34,676		83,145
Amounts owed to Group undertakings	5,638,952		8,292,476
Taxation and social security	190,665		190,244
Other creditors	132,075		186,647
	5,996,368		9,136,512

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	8,850,000		9,597,000

Bank loans are secured by way of fixed and floating charges over the freehold property of the company.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2025		2024
	£		£
Bank loans (secured)	8,850,000		8,061,000

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1,000 Ordinary shares shares of £ 1.00 each	1,000		1,000

9. Ultimate controlling party

Parent Company:

Attlee Sinclair Ltd, incorporated in England and Wales.

23 Royal William Yard, Melville Building East, Royal William Yard, Plymouth, Devon, United Kingdom, PL1 3GW

These financial statements are available upon request from Companies House, Crown Way, Cardiff, CF14 3UZ.