Sansome & George (Residential Sales) Limited

(Registration number: 05341739)
Balance Sheet as at 28 February 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	56,135	57,793
Current assets
Debtors	5	174,176	175,693
Cash at bank and in hand		158,249	81,471
		332,425	257,164
Creditors: Amounts falling due within one year	6	(171,574)	(155,393)
Net current assets		160,851	101,771
Net assets		216,986	159,564
Capital and reserves
Called up share capital		100	100
Retained earnings		216,886	159,464
Shareholders' funds		216,986	159,564

For the financial year ending 28 February 2026 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.

Sansome & George (Residential Sales) Limited

(Registration number: 05341739)
Balance Sheet as at 28 February 2026 (continued)

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 20 October 2026 and signed on its behalf by:
 

P G Bampton Director

S J Tait Director

Sansome & George (Residential Sales) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026

1	General information

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

The address of its registered office is:
9 The Triangle
Tilehurst
Reading
Berkshire
RG30 4RN

These financial statements were authorised for issue by the Board on 20 October 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 presentation currency of the financial statement is the Pound 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

The tax expense for the period comprises current 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.

Sansome & George (Residential Sales) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026 (continued)

2	Accounting policies (continued)

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

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

Asset class	Depreciation method and rate
Plant and Machinery	25 % on reducing balance basis
Computer equipment	25 % on reducing balance basis
Freehold property	2% on straight line basis
Improvements to property	Straight line over the life of the lease (15 years)

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.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Sansome & George (Residential Sales) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026 (continued)

2	Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Sansome & George (Residential Sales) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026 (continued)

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2025 - 11).

4	Tangible assets

	Land and buildings £	Long leasehold land and buildings £	Plant and machinery £	Office equipment £
Cost or valuation
At 1 March 2025	8,500	61,270	25,987	37,622
Additions	-	-	-	4,825
At 28 February 2026	8,500	61,270	25,987	42,447
Depreciation
At 1 March 2025	1,133	14,931	23,171	36,351
Charge for the year	170	4,085	704	1,524
At 28 February 2026	1,303	19,016	23,875	37,875
Carrying amount
At 28 February 2026	7,197	42,254	2,112	4,572
At 28 February 2025	7,367	46,339	2,816	1,271

Sansome & George (Residential Sales) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026 (continued)

4	Tangible assets (continued)

	Total £
Cost or valuation
At 1 March 2025	133,379
Additions	4,825
At 28 February 2026	138,204
Depreciation
At 1 March 2025	75,586
Charge for the year	6,483
At 28 February 2026	82,069
Carrying amount
At 28 February 2026	56,135
At 28 February 2025	57,793

Sansome & George (Residential Sales) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026 (continued)

4	Tangible assets (continued)

Included within the net book value of land and buildings above is £7,197 (2025 - £7,367) in respect of freehold land and buildings and £42,254 (2025 - £46,339) in respect of long leasehold land and buildings.
 

5

Debtors

Current	Note	2026 £	2025 £
Trade debtors		29,116	54,837
Amounts owed by related parties	9	9,512	9,488
Prepayments		22,454	-
Other debtors		113,094	111,368
		174,176	175,693

6

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	7	9,713	12,865
Trade creditors		3,344	2,129
Taxation and social security		73,472	75,284
Accruals and deferred income		48,023	50,000
Other creditors		37,022	15,115
		171,574	155,393

7	Loans and borrowings

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	3,333	12,865
Bank overdrafts	6,380	-
	9,713	12,865

Sansome & George (Residential Sales) Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2026 (continued)

8	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2026 £	2025 £
Not later than one year	46,850	46,852
Later than one year and not later than five years	109,400	126,800
Later than five years	138,000	161,000
	294,250	334,652

9	Related party transactions

Other transactions with directors

At the Balance Sheet date, a Director owed the Company £86,426 (2025 £85,136). The balance is repayable on demand.