| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 28 February 2025 |
| for |
| Sandel Homes (Bedfordshire) Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 28 February 2025 |
| for |
| Sandel Homes (Bedfordshire) Limited |
| Sandel Homes (Bedfordshire) Limited (Registered number: 06083623) |
| Contents of the Financial Statements |
| for the Year Ended 28 February 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Sandel Homes (Bedfordshire) Limited |
| Company Information |
| for the Year Ended 28 February 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Three Counties House |
| 18a Victoria Street |
| Dunstable |
| Bedfordshire |
| LU6 3BA |
| Sandel Homes (Bedfordshire) Limited (Registered number: 06083623) |
| Balance Sheet |
| 28 February 2025 |
| 28.2.25 | 29.2.24 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 8 |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| Sandel Homes (Bedfordshire) Limited (Registered number: 06083623) |
| Balance Sheet - continued |
| 28 February 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Sandel Homes (Bedfordshire) Limited (Registered number: 06083623) |
| Notes to the Financial Statements |
| for the Year Ended 28 February 2025 |
| 1. | STATUTORY INFORMATION |
| Sandel Homes (Bedfordshire) Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2024 - NIL). |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 March 2024 |
| Revaluations | 50,000 |
| At 28 February 2025 |
| NET BOOK VALUE |
| At 28 February 2025 |
| At 29 February 2024 |
| Sandel Homes (Bedfordshire) Limited (Registered number: 06083623) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2025 |
| 4. | INVESTMENT PROPERTY - continued |
| Fair value at 28 February 2025 is represented by: |
| £ |
| Valuation in 2007 | 160,000 |
| Valuation in 2021 | 40,000 |
| Valuation in 2022 | 435,537 |
| Valuation in 2023 | 64,463 |
| Valuation in 2024 | 10,000 |
| Valuation in 2025 | 50,000 |
| Cost | 640,000 |
| 1,400,000 |
| If freehold land and buildings had not been revalued they would have been included at the following historical cost: |
| 28.2.25 | 29.2.24 |
| £ | £ |
| Cost | 640,000 | 640,000 |
| Aggregate depreciation | (760,000 | ) | (710,000 | ) |
| Investment property was valued on an open market basis on 28 February 2025 by Paragon . |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.25 | 29.2.24 |
| £ | £ |
| Amounts owed by group undertakings |
| Amounts owed by participating interests | 41,427 | 41,427 |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.25 | 29.2.24 |
| £ | £ |
| Bank loans and overdrafts |
| Amounts owed to participating interests | 7,154 | 7,154 |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 28.2.25 | 29.2.24 |
| £ | £ |
| Bank loans |
| Sandel Homes (Bedfordshire) Limited (Registered number: 06083623) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2025 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
| 28.2.25 | 29.2.24 |
| £ | £ |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans more 5 yrs non-inst |
| 8. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 March 2024 |
| Unrealised gain | 50,000 |
| At 28 February 2025 |