Sandymount House Limited

	Page
Statement of Financial Position	1—2
Notes to the Financial Statements	3—6

Registered number: 10840251

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		14,448		6,008
Tangible Assets	5		1,608,722		1,714,857

			1,623,170		1,720,865
CURRENT ASSETS
Debtors	6	371,438		54,383
Investments	7	300		300
Cash at bank and in hand		38,698		18,323

		410,436		73,006
Creditors: Amounts Falling Due Within One Year	8	(2,396,660 )		(2,336,434 )

NET CURRENT ASSETS (LIABILITIES)			(1,986,224 )		(2,263,428 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(363,054 )		(542,563 )

Creditors: Amounts Falling Due After More Than One Year	9		(296,020 )		(383,726 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(10,445 )		-

NET LIABILITIES			(669,519 )		(926,289 )

CAPITAL AND RESERVES
Called up share capital	10		400,000		400,000
Income Statement			(1,069,519 )		(1,326,289 )

SHAREHOLDERS' FUNDS			(669,519)		(926,289)

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Sandymount House Limited

Statement of Financial Position (continued)

As At 31 October 2025

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Dr Philip Goodwin

Director

24 July 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Sandymount House Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10840251 . The registered office is Sandymount House, High Street, Rhosneigr, LL64 5UX.

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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the income statement over its estimated economic life of 10 years.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are trademarks and capitalised website costs. These are amortised to the income statement over its estimated economic life of 10 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	5% Straight Line
Plant & Machinery	20% Straight Line
Fixtures & Fittings	10% Straight Line
Computer Equipment	10% Straight Line

2.6. 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.

...CONTINUED

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Sandymount House Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.6. Taxation - continued

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.

2.7. Government Grant

Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.

All grants in the income statement are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: 5)

4. Intangible Assets

	Goodwill	Other	Total
	£	£	£
Cost
As at 1 November 2024	-	9,767	9,767
Additions	10,000	-	10,000

As at 31 October 2025	10,000	9,767	19,767

Amortisation
As at 1 November 2024	-	3,759	3,759
Provided during the period	583	977	1,560

As at 31 October 2025	583	4,736	5,319

Net Book Value
As at 31 October 2025	9,417	5,031	14,448

As at 1 November 2024	-	6,008	6,008

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Sandymount House Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 November 2024	2,003,832	94,249	303,956	8,299	2,410,336
Additions	-	5,665	43,612	666	49,943
Disposals	-	(9,961 )	(184,342 )	-	(194,303 )

As at 31 October 2025	2,003,832	89,953	163,226	8,965	2,265,976

Depreciation
As at 1 November 2024	464,520	62,610	165,791	2,558	695,479
Provided during the period	100,192	17,687	12,378	841	131,098
Disposals	-	(6,617 )	(162,706 )	-	(169,323 )

As at 31 October 2025	564,712	73,680	15,463	3,399	657,254

Net Book Value
As at 31 October 2025	1,439,120	16,273	147,763	5,566	1,608,722

As at 1 November 2024	1,539,312	31,639	138,165	5,741	1,714,857

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	57,000	-
Amounts owed by group undertakings	313,387	47,247
Other debtors	1,051	7,136

	371,438	54,383

7. Current Asset Investments

	2025	2024
	£	£
Shares in subsidiaries	300	300

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	17,359	41,978
Bank loans and overdrafts	61,801	56,638
Other creditors	2,268,298	2,203,332
Taxation and social security	49,202	34,486

	2,396,660	2,336,434

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Sandymount House Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	244,020	305,726
Other creditors	52,000	78,000

	296,020	383,726

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	400,000	400,000

11. Contingent Liabilities

During the year, the company identified an error in the historic VAT treatment of certain transactions and has made a voluntary disclosure to HM Revenue & Customs. The financial effect of the VAT correction has been reflected in these financial statements. At the date of approval of these financial statements, HM Revenue & Customs had not concluded its review of the disclosure and, accordingly, no provision has been made for any interest or other amounts that may arise in connection with the correction.

12. Related Party Transactions

During the year the company received interest-free funding from its directors. At the balance sheet date, amounts due to the directors totalled £2,215,106 (2024: £2,163,962). The balances are unsecured, interest-free and repayable on demand.

The transactions were not concluded under normal market conditions and are therefore disclosed in accordance with FRS 102 Section 1A.

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