Company registration number 00496224 (England and Wales)
Sandown Property Company (Liverpool) Ltd
Unaudited Financial Statements
For the year ended 28 February 2026
Sandown Property Company (Liverpool) Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6
Sandown Property Company (Liverpool) Ltd
Statement Of Financial Position
As at 28 February 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
9,381
12,499
Investment property
4
10,110,600
8,082,950
10,119,981
8,095,449
Current assets
Debtors
5
267,233
264,483
Cash at bank and in hand
415,707
1,523,604
682,940
1,788,087
Creditors: amounts falling due within one year
6
(621,477)
(284,501)
Net current assets
61,463
1,503,586
Total assets less current liabilities
10,181,444
9,599,035
Provisions for liabilities
(62,577)
-
Net assets
10,118,867
9,599,035
Capital and reserves
Called up share capital
2,000
2,000
Capital redemption reserve
5,000
5,000
Profit and loss reserves
10,111,867
9,592,035
Total equity
10,118,867
9,599,035
Sandown Property Company (Liverpool) Ltd
Statement Of Financial Position (continued)
As at 28 February 2026
- 2 -

For the financial year ended 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have 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 income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 3 August 2026 and are signed on its behalf by:
R M Coleman
Director
Company registration number 00496224 (England and Wales)
Sandown Property Company (Liverpool) Ltd
Notes to the financial statements
For the year ended 28 February 2026
- 3 -
1
Accounting policies
Company information

Sandown Property Company (Liverpool) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is .

1.1
Basis of preparation

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 a mounts in these financial statements are rounded to the nearest £.

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 financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Revenue represents rents receivable. Rents are recognised as income in the period to which they relate.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% reducing balance
Fixtures and fittings
20% reducing balance
Computers
20% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment property

Investment property is revalued by the directors each year, market value being used as a basis for the revaluation.

1.5
Cash and cash equivalents

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.

1.6
Financial instruments
Sandown Property Company (Liverpool) Ltd
Notes to the financial statements (continued)
For the year ended 28 February 2026
1
Accounting policies
(Continued)
- 4 -
Basic financial 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement 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

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.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases
Sandown Property Company (Liverpool) Ltd
Notes to the financial statements (continued)
For the year ended 28 February 2026
1
Accounting policies
(Continued)
- 5 -
As lessor

When the company acts as a lessor, a lease is classified as a finance lease whenever it transfers substantially all the risks and rewards of ownership of the underlying asset to the lessee, either at the end of the lease term or for the major part of the economic life of the asset. All other leases are classified as operating leases. If an arrangement contains both lease and non-lease components, the company allocates the consideration in the contract to the two elements.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Employees

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

2026
2025
Number
Number
Total
3
3
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 March 2025 and 28 February 2026
6,659
2,523
2,201
51,459
62,842
Depreciation and impairment
At 1 March 2025
6,513
2,523
2,200
39,107
50,343
Depreciation charged in the year
29
-
0
1
3,088
3,118
At 28 February 2026
6,542
2,523
2,201
42,195
53,461
Carrying amount
At 28 February 2026
117
-
0
-
0
9,264
9,381
At 28 February 2025
146
-
0
1
12,352
12,499
Sandown Property Company (Liverpool) Ltd
Notes to the financial statements (continued)
For the year ended 28 February 2026
- 6 -
4
Investment property
2026
£
Fair value
At 1 March 2025
8,082,950
Additions
1,771,456
At 28 February 2026
9,854,406

The properties were revalued by the directors on 28 February 2026, on the basis of their market values at that date.

5
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
256,405
253,655
Other debtors
10,828
10,828
267,233
264,483
6
Creditors: amounts falling due within one year
2026
2025
£
£
Corporation tax
117,000
147,446
Other taxation and social security
34,682
39,337
Other creditors
469,795
97,718
621,477
284,501
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