Sentry Self Storage Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02267008 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

SENTRY SELF STORAGE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S M R Hickman

Mr S C R Hickman

SECRETARY:

Mr S C R Hickman

REGISTERED OFFICE:

14 London Street

Andover

Hampshire

SP10 2PA

REGISTERED NUMBER:

02267008 (England and Wales)

ACCOUNTANTS:

Hysons

Chartered Accountants

14 London Street

Andover

Hampshire

SP10 2PA

BANKERS:

NatWest Bank plc

3 Lower Northam Road

Hedge End

Hampshire

SO30 4PA

FIXED ASSETS

Intangible assets

5

-

Tangible assets

6

7,640,636

6,455,813

Investments

7

850,500

826,269

8,491,136

7,282,082

CURRENT ASSETS

Debtors

8

1,294,145

1,258,740

Cash at bank

1,796,747

2,321,193

3,090,892

3,579,933

CREDITORS

Amounts falling due within one year

9

2,411,928

1,994,830

NET CURRENT ASSETS

678,964

1,585,103

TOTAL ASSETS LESS CURRENT
LIABILITIES

9,170,100

8,867,185

CREDITORS

Amounts falling due after more than
one year

10

(823,237

)

(944,606

)

PROVISIONS FOR LIABILITIES

(519,879

)

(405,941

)

NET ASSETS

7,826,984

7,516,638

CAPITAL AND RESERVES

Called up share capital

1,000

Revaluation reserve

12

2,932,529

Retained earnings

12

4,893,455

4,583,109

SHAREHOLDERS' FUNDS

7,826,984

7,516,638

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 June 2026 and were signed on its behalf by:

Mr S M R Hickman - Director

Mr S C R Hickman - Director

1.	STATUTORY INFORMATION

Sentry Self Storage 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements have been prepared on the going concern basis. The future existence of the Company is supported by the Company's major creditors.

Turnover

Turnover represents the value of services supplied, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Short leasehold property

-

5 - 10% on cost

Long leasehold property

-

2% on cost

Improvements to property

-

10% on cost

Storage containers

-

5% on reducing balance

Site fittings and equipment

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Fixtures, fittings and office
equipment

-

at varying rates on cost

Fixed asset investments

Fixed asset investments are shown at the lower of cost and net realisable value.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 20 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2024

and 30 November 2025

50,000

AMORTISATION

At 1 December 2024

and 30 November 2025

50,000

NET BOOK VALUE

At 30 November 2025

-

At 30 November 2024

-

6.	TANGIBLE FIXED ASSETS

Short

Long

Improvements

Freehold

leasehold

to

property

£

COST OR VALUATION

At 1 December 2024

1,932,668

180,713

967,313

136,977

Additions

-

808,653

-

At 30 November 2025

1,932,668

989,366

967,313

136,977

DEPRECIATION

At 1 December 2024

-

65,275

-

97,206

Charge for year

-

31,803

-

13,698

At 30 November 2025

-

97,078

-

110,904

NET BOOK VALUE

At 30 November 2025

1,932,668

892,288

967,313

26,073

At 30 November 2024

1,932,668

115,438

967,313

39,771

Fixtures,

Site

fittings

and

Storage

and

Motor

office

containers

equipment

vehicles

equipment

Totals

£

COST OR VALUATION

At 1 December 2024

3,152,177

3,687,317

52,870

219,810

10,329,845

Additions

826,000

164,758

28,998

17,900

1,846,309

At 30 November 2025

3,978,177

3,852,075

81,868

237,710

12,176,154

DEPRECIATION

At 1 December 2024

1,549,532

1,976,565

47,261

138,193

3,874,032

Charge for year

210,656

368,526

4,715

32,088

661,486

At 30 November 2025

1,760,188

2,345,091

51,976

170,281

4,535,518

NET BOOK VALUE

At 30 November 2025

2,217,989

1,506,984

29,892

67,429

7,640,636

At 30 November 2024

1,602,645

1,710,752

5,609

81,617

6,455,813

Cost or valuation at 30 November 2025 is represented by:

Short

Long

Improvements

Freehold

leasehold

to

property

£

Cost

1,932,668

989,366

967,313

136,977

Fixtures,

Site

fittings

and

Storage

and

Motor

office

containers

equipment

vehicles

equipment

Totals

£

Cost

3,978,177

3,852,075

81,868

237,710

12,176,154

If freehold property had not been revalued it would have been included at historical cost of £740,822 (2024- £740,822).

Freehold property was valued on an open market basis on 2 March 2022 by Vail Williams LLP.

If long leasehold property had not been revalued it would have been included at historical cost of £399,450 (2024 - £399,450).

Long leasehold property was valued on an open market basis on 2 March 2022 by Vail Williams LLP.

If storage containers had not been revalued they would have been included at historical cost of £1,138,154 (2024- £1,138,154).

Storage containers were valued on an open market basis on 3 March 2022 by the Directors.

Fixed assets, included in the above, which are held under finance leases are as follows:

Site

fittings

and

Motor

equipment

vehicles

Totals

£

COST OR VALUATION

At 1 December 2024

and 30 November 2025

678,922

39,025

717,947

DEPRECIATION

At 1 December 2024

490,919

37,418

528,337

Charge for year

37,600

402

38,002

At 30 November 2025

528,519

37,820

566,339

NET BOOK VALUE

At 30 November 2025

150,403

1,205

151,608

At 30 November 2024

188,003

1,607

189,610

7.	FIXED ASSET INVESTMENTS

2025

2024

£

Shares in group undertakings

500

Other investments not loans

850,000

825,769

850,500

826,269

Additional information is as follows:

Shares in

group

Listed

Unlisted

undertakings

investments

Totals

£

COST

At 1 December 2024

500

25,880

13,301

39,681

Additions

-

30,000

-

30,000

Disposals

-

(5,880

)

-

(5,880

)

At 30 November 2025

500

50,000

13,301

63,801

PROVISIONS

At 1 December 2024

-

111

13,301

13,412

Provision for year

-

(111

)

-

(111

)

At 30 November 2025

-

13,301

NET BOOK VALUE

At 30 November 2025

500

50,000

-

50,500

At 30 November 2024

500

25,769

-

26,269

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

Annuity contracts value

800,000

Other Investments

Annuity Contracts Value

Cost 1 December 2021 £400,000

Cost 30 November 2022 £400,000

Net Book Value 1 December 2021 £400,000

Net Book Value 30 November 2022 £400,000

The other investments comprise of a contract purchased from the directors as detailed in note 15 and are shown at cost.

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

381,486

298,689

Other debtors

234,321

236,495

Directors' current accounts

29,632

148,358

Tax

10,000

-

Prepayments and accrued income

638,706

575,198

1,294,145

1,258,740

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Finance leases

117,372

213,121

Trade creditors

432,117

384,158

Corporation tax

(4,924

)

82,551

Social security and other taxes

75,641

71,531

VAT

128,053

185,414

Other creditors

917,927

15,720

Directors' current accounts

1,207

-

Accruals and deferred income

744,535

1,042,335

2,411,928

1,994,830

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2025

2024

£

Bank loans - 1-2 years

796,722

874,989

Finance leases

26,515

69,617

823,237

944,606

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

796,722

874,989

Finance leases

143,887

282,738

940,609

1,157,727

12.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

At 1 December 2024

4,583,109

2,932,529

7,515,638

Profit for the year

338,346

-

338,346

Dividends

(28,000

)

-

(28,000

)

At 30 November 2025

4,893,455

2,932,529

7,825,984

13.	RELATED PARTY DISCLOSURES

The Company is related to Sentinel Investments Limited ("Sentinel") because the companies have directors in common. The Company had a loan account with Sentinel on which the Company was owed £202,927 at the year end (2024 - £203,595). During the year, the Company did not charge Sentinel management charges (2024 - £nil). No amount of management charges were outstanding at the end of the current or comparative year. The amount of management charges accrued was £nil (2023 - £nil).

On 1 December 2017 Sentry Self Storage entered into a contract with Sidney Hickman for £400,000. Under the terms of the contract the company will receive annual payments of £9,035 commencing on 30 November 2018 for the lifetime of Sidney Hickman increasing by the Retail Price Index per annum.

On 1 December 2017 Sentry Self Storage entered into a contract with Simon Hickman for £400,000. Under the terms of the contract the company will receive annual payments of £8,712 commencing on 30 November 2018 for the lifetime of Simon Hickman increasing by the Retail Price Index per annum.

14.	ULTIMATE CONTROLLING PARTY

The controlling party is the Directors.