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Registration number: 04856410

Sandows Garage Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2025

Sandows Garage Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 8

Sandows Garage Limited

Company Information

Directors | Mr W P Sandow Mr M P Sandow

Registered office | Rose-an-Grouse Canonstown Hayle Cornwall TR27 6JN

Accountants | D.J. Reynolds & Co. Chartered Accountants15 Alverton Street Penzance Cornwall TR18 2QP

Sandows Garage Limited

(Registration number: 04856410)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 361,530 | 355,138
Current assets |  |  |
Stocks | 5 | 12,069 | 12,069
Debtors | 6 | 30,648 | 23,059
Cash at bank and in hand |  | 3,161 | 9,333
|  | 45,878 | 44,461
Creditors: Amounts falling due within one year | 7 | (45,068) | (50,253)
Net current assets/(liabilities) |  | 810 | (5,792)
Total assets less current liabilities |  | 362,340 | 349,346
Creditors: Amounts falling due after more than one year | 7 | (54,159) | (60,267)
Net assets |  | 308,181 | 289,079
Capital and reserves |  |  |
Called up share capital | 8 | 200 | 200
Revaluation reserve |  | 287,895 | 277,825
Retained earnings |  | 20,086 | 11,054
Shareholders' funds |  | 308,181 | 289,079

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

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 June 2026 and signed on its behalf by:

......................................... Mr M P Sandow Director

Sandows Garage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Rose-an-Grouse
Canonstown
Hayle
Cornwall
TR27 6JN

These financial statements were authorised for issue by the Board on 22 June 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency in these financial statements is GB pounds sterling £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Tangible assets

After initial recognition, freehold property is carried at revalued amount, being its fair value at the date of revaluation less any subsequent accumulated depreciation and impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land, over their estimated useful lives, as follows:

Sandows Garage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Asset class | Depreciation method and rate
Freehold land | No depreciation provided
Freehold property | 2% straight line
Plant and machinery | 10% straight line
Vehicles | 20% straight line
Office equipment | 33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are recorded at fair value, net of transaction costs.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 7).

Sandows Garage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Other tangible assets £ | Total £
Cost or valuation
At 1 January 2025 | 346,148 | 586 | 69,591 | 416,325
Revaluations | 7,659 | - | - | 7,659
Additions | 365 | - | - | 365
At 31 December 2025 | 354,172 | 586 | 69,591 | 424,349
Depreciation
At 1 January 2025 | 2,410 | 516 | 58,261 | 61,187
Charge for the year | 2,463 | 70 | 1,509 | 4,042
Eliminated on disposal | (2,410) | - | - | (2,410)
At 31 December 2025 | 2,463 | 586 | 59,770 | 62,819
Carrying amount
At 31 December 2025 | 351,709 | - | 9,821 | 361,530
At 31 December 2024 | 343,738 | 70 | 11,330 | 355,138

Included within the net book value of land and buildings above is £351,709 (2024 - £343,738) in respect of freehold land and buildings.

Revaluation

The fair value of the company's Freehold Property was revalued on 31 December 2025. An independent valuer was not involved. .
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £101,207 (2024 - £101,207).

Sandows Garage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

5 | Stocks

| 2025 £ | 2024 £
Work in progress | 3,500 | 3,500
Stock of parts | 8,569 | 8,569
| 12,069 | 12,069

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 30,314 | 22,571
Prepayments | 334 | 488
| 30,648 | 23,059

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | 18,668 | 16,849
Trade creditors |  | 9,425 | 14,319
Taxation and social security |  | 14,891 | 17,192
Accruals and deferred income |  | 1,980 | 1,795
Other creditors |  | 104 | 98
|  | 45,068 | 50,253

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 54,159 | 60,267

Sandows Garage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 200 | 200 | 200 | 200

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 54,159 | 60,267

Current loans and borrowings

| 2025 £ | 2024 £
Bank overdrafts | 18,668 | 16,849

Sandows Garage Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

10 | Related party transactions

Transactions with directors

2025 | At 1 January 2025 £ | Advances to director £ | Repayments by director £ | At 31 December 2025 £
Mr W P Sandow
Loan from director | (29,361) | - | (260) | (29,621)
Mr M P Sandow
Loan from director | (7,470) | 2,201 | - | (5,269)

2024 | At 1 January 2024 £ | Repayments by director £ | At 31 December 2024 £
Mr W P Sandow
Loan from director | (27,107) | (2,254) | (29,361)
Mr M P Sandow
Loan from director | (3,065) | (4,405) | (7,470)

11 | Parent and ultimate parent undertaking

The ultimate controlling party is the directors.