ACCOUNTS - Final Accounts preparation

Commitments under operating leases

At 31 August 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Registered number: 12955392

SANDS CATERING SERVICES LIMITED

ANNUAL REPORT AND FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2025

SANDS CATERING SERVICES LIMITED

REGISTERED NUMBER: 12955392

BALANCE SHEET

AS AT 31 AUGUST 2025

		2025		2024 As restated
Note		£		£

Fixed assets
Fixed asset investments			50		50
Current assets
Debtors: amounts falling due within one year	5	273,859		192,036
Cash at bank and in hand	6	2,202		170,066
		276,061		362,102
Creditors: amounts falling due within one year	7	(268,384)		(378,515)

Net assets/(liabilities)			7,727		(16,363)

Capital and reserves
Called up share capital	8	100	100
Profit and loss account		7,627	(16,463)
		7,727	(16,363)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr M U Rapacioli

Director

Date: 28 August 2026

The notes on pages 2 to 7 form part of these financial statements.

Page 1

SANDS CATERING SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1.	General information

Sands Catering Services Limited is a private company, limited by shares, registered in England and Wales within the United Kingdom. The company registration number 12955392. The registered office address is Sands Catering 2a, Grenville Road, London, N19 4EH.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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 Company's functional and presentational currency is GBP, rounded to the nearest £1.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

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SANDS CATERING SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

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SANDS CATERING SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.8

Financial instruments (continued)

Basic financial liabilities

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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Employees

The average monthly number of employees, including directors, during the year was 8 (2024 - 1).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	Additions	50
	At 31 August 2025	50

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SANDS CATERING SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Debtors

					2025	2024 As restated
					£	£


Trade debtors	2,052	-
Amounts owed by group undertakings	-	53,000
Other debtors	65,202	82,305
Prepayments and accrued income	206,605	56,731
	273,859	192,036

Amounts owed by group undertakings are unsecured, interest-free, have no fixed date of repayment and are repayable on demand.

6.	Cash and cash equivalents
		2025	2024
		£	£

	Cash at bank and in hand	2,202	170,066

7.	Creditors: Amounts falling due within one year
		2025	2024 As restated
		£	£

Amounts owed to group undertakings	121,022	231,512
Corporation tax	1,296	1,455
Other taxation and social security	4,222	5,121
Other creditors	64,689	63,396
Accruals and deferred income	77,155	77,031
	268,384	378,515

Amounts owed to group undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

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SANDS CATERING SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

8.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 (2024 - 100) Ordinary shares of £1.00 each	100	100

Not later than 1 year	211,320	193,710
Later than 1 year and not later than 5 years	334,590	545,910
	545,910	739,620

10.	Prior year adjustment

There has been an adjustment relating to business rates and the subsequent recharge in the income and expense in 2024 providing a net impact on accruals and prepayments of £40,737. There has been no change in the profit.

11.	Related party transactions

During the year the Company charged rent and insurance of £112,878 (2024: £119,524) to Supernote Limited, a fellow subsidiary of the parent company, Sands Catering Company Limited. As at 31 August 2025, £100,588 (2024: £231,512) was owed to Supernote Limited and £20,434 (2024: £-) to Sands Catering Company Limited.

12.	Controlling party

The Company was controlled throughout the year by its ultimate parent company, Sands Catering Company Limited, a company incorporated in England and Wales, by virtue of its 80% ownership of the issued share capital of the Company. The registered address of Sands Catering Company Limited is 21 Grenville Road, London, N19 4EH..

The Company's ultimate controlling party is Mr M U Rapacioli by virtue of his majority ownership of the shares in Sands Catering Company Limited, the company's ultimate parent company.

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SANDS CATERING SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

13.	Auditors' information

The auditors' report on the financial statements for the year ended 31 August 2025 was unqualified.

The audit report was signed on 28 August 2026 by Neil Stern FCA (Senior Statutory Auditor) on behalf of MHA.

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