In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sandringham House Management Limited for the year ended 31 December 2025 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Sandringham House Management Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sandringham House Management Limited and state those matters that we have agreed to state to the board of directors of Sandringham House Management Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sandringham House Management Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Sandringham House Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Sandringham House Management Limited. You consider that Sandringham House Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sandringham House Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question 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.

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

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

Sandringham House Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is 23 Lombard Street, Lichfield, Staffordshire, WS13 6DP.

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 amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The accounts are prepared on a going concern basis, which places reliance on the continued support of the company's parent undertaking and fellow group undertakings and the company bankers.true

The directors have no reason to believe that the company bankers will not continue to provide the necessary loans and working capital finance to the company on their current agreed terms. The directors have received assurances that support provided by the parent and fellow group undertakings will continue to be provided and that they will not seek repayment of amounts due to them until such time as the company can do so without detriment to liabilities due to external creditors and their on-going working cash flow requirements.

Therefore, the directors believe that the company has adequate resources to continue its current operations and that it remains appropriate to prepare the company's financial statements on a going concern basis and the financial statements do not include the adjustments that would result if the company was unable to continue as a going concern.

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Construction revenue

When the outcome of a construction contract can be estimated reliably, contract revenue and contract costs are recognised on a contract by contract basis using the stage of completion basis. The stage of a contract is determined based on surveys of work performed. Profit is recognised on separately identifiable components as the contract progresses. Each component may have different profit percentages associated with the work.

Monthly reviews are performed and revisions are made to estimates of revenue and costs as a contract progresses. When it is probable that total contracts costs will exceed total contract revenue on a construction contract, the expected loss is recognised as an expense immediately.

When the outcome of a construction contract cannot be estimated reliably, revenue is recognised to the extent of work performed but no profit is recognised.

Development revenue

Sales of development properties are recognised in turnover once legal contracts are completed and no substantive conditions remain unfulfilled.

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.

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.

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, 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 payments 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. Amounts 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.

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.

The 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 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 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.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Stage of completion and total contract costs

When contracts can be estimated reliably, contract revenues and costs are recognised on a contract by contract basis using a stage of completion basis. The application of this accounting policy requires both the total costs of a contract and stage of contract completion to be assessed.

Assessments of work performed are undertaken by appropriate people. An inherent degree of judgement will exist in determining the stage of completion on a contract at the reporting date.

Carrying value of stock

At each reporting date, the carrying value of stock is assessed for any evidence of impairment. If there is any evidence of impairment, the carrying amount of the stock is reduced to its net realisable value which has an inherent degree of judgement. The impairment loss is recognised immediately in the profit and loss account.

The average monthly number of persons (including directors) employed by the company during the year was:

Should a bank overdraft or bank loan arise the company's bankers hold a fixed and floating charge over all the assets of the company.

After the year end on 30 January 2026, the company's name was changed by Special Resolution, to Sandringham House Management Limited.

Andy Shaw Developments Limited is a related party because it is the company's parent company. The amount owed to this related party at the year end was £139 (2024 - £289).

The immediate and ultimate parent undertaking is Andy Shaw Developments Limited, a company incorporated in England and Wales, whose registered office is 23 Lombard Street, Lichfield, Staffordshire, WS13 6DP.