SAND PROPERTY COMPANY LIMITED - Limited company - abbreviated - 11.0.0

SAND PROPERTY COMPANY LIMITED - Limited company - abbreviated - 11.0.0

SAND PROPERTY COMPANY LIMITED - Company Information

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REGISTERED NUMBER: 05728566 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

SAND PROPERTY COMPANY LIMITED

SAND PROPERTY COMPANY LIMITED (Registered number: 05728566)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

SAND PROPERTY COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2014







DIRECTORS: S L Elsom
Mrs V A Elsom





SECRETARY: S L Elsom





REGISTERED OFFICE: Nos 1 & 2 The Barn
Oldwick
West Stoke Road, Lavant
Chichester
West Sussex
PO18 9AA





REGISTERED NUMBER: 05728566 (England and Wales)





ACCOUNTANTS: James Todd & Co Limited
1 & 2 The Barn
Oldwick
West Stoke Road
Chichester
West Sussex
PO18 9AA
Page 1
SAND PROPERTY COMPANY LIMITED (Registered number: 05728566)

ABBREVIATED BALANCE SHEET
31 MARCH 2014

31.3.14 31.3.13
Notes £    £    £    £   
FIXED ASSETS
Investment property 2 841,699 841,699

CURRENT ASSETS
Debtors 24,654 12,654
Cash at bank 19,050 30,055
43,704 42,709
CREDITORS
Amounts falling due within one year 79,117 86,294
NET CURRENT LIABILITIES (35,413 ) (43,585 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
806,286
798,114

CREDITORS
Amounts falling due after more than
one year
3
495,750
523,750
NET ASSETS 310,536 274,364

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account 310,534 274,362
SHAREHOLDERS' FUNDS 310,536 274,364

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

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.

The notes form part of these abbreviated accounts

Page 2 continued...
SAND PROPERTY COMPANY LIMITED (Registered number: 05728566)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2014


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 28 July 2014 and were signed on its
behalf by:





S L Elsom - Director


The notes form part of these abbreviated accounts

Page 3
SAND PROPERTY COMPANY LIMITED (Registered number: 05728566)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents the amounts derived from the provision of goods and services falling within the
company's ordinary activities, after deduction of trade discounts, value added tax and any other
other taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising
from changes in market value is transferred to a revaluation reserve.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation
computations in period different from those in which they are included in the company's accounts.
Deferred tax is provided in full on timing differences which result in an obligation to pay more (or
less) tax at a future date, at the average tax rates that are expected to apply when the timing
differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where
there is no commitment to sell the asset.

Deferred tax assets and liabilities are not discounted.

2. INVESTMENT PROPERTY
Total
£   
COST
At 1 April 2013
and 31 March 2014 841,699
NET BOOK VALUE
At 31 March 2014 841,699
At 31 March 2013 841,699

3. CREDITORS

Creditors include the following debts falling due in more than five years:

31.3.14 31.3.13
£    £   
Repayable by instalments 411,750 439,750

Page 4 continued...
SAND PROPERTY COMPANY LIMITED (Registered number: 05728566)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2014

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.14 31.3.13
value: £    £   
2 Ordinary £1 2 2

Page 5