Sandgate Court (Penrith) Management Company Limited

SANDGATE COURT (PENRITH) MANAGEMENT COMPANY LIMITED - Company Information

2021-04-012022-03-312022-03-31false02791358Sandgate Court (Penrith) Management Company Limited2022-08-1298000iso4217:GBPxbrli:pure027913582021-04-01027913582022-03-31027913582021-04-012022-03-31027913582020-04-01027913582021-03-31027913582020-04-012021-03-3102791358bus:SmallEntities2021-04-012022-03-3102791358bus:AuditExempt-NoAccountantsReport2021-04-012022-03-3102791358bus:FullAccounts2021-04-012022-03-3102791358bus:PrivateLimitedCompanyLtd2021-04-012022-03-3102791358core:WithinOneYear2022-03-3102791358core:AfterOneYear2022-03-3102791358core:WithinOneYear2021-03-3102791358core:AfterOneYear2021-03-3102791358core:ShareCapital2022-03-3102791358core:SharePremium2022-03-3102791358core:RevaluationReserve2022-03-3102791358core:OtherReservesSubtotal2022-03-3102791358core:RetainedEarningsAccumulatedLosses2022-03-3102791358core:ShareCapital2021-03-3102791358core:SharePremium2021-03-3102791358core:RevaluationReserve2021-03-3102791358core:OtherReservesSubtotal2021-03-3102791358core:RetainedEarningsAccumulatedLosses2021-03-3102791358core:LandBuildings2022-03-3102791358core:PlantMachinery2022-03-3102791358core:Vehicles2022-03-3102791358core:FurnitureFittings2022-03-3102791358core:OfficeEquipment2022-03-3102791358core:NetGoodwill2022-03-3102791358core:IntangibleAssetsOtherThanGoodwill2022-03-3102791358core:ListedExchangeTraded2022-03-3102791358core:UnlistedNon-exchangeTraded2022-03-3102791358core:LandBuildings2021-03-3102791358core:PlantMachinery2021-03-3102791358core:Vehicles2021-03-3102791358core:FurnitureFittings2021-03-3102791358core:OfficeEquipment2021-03-3102791358core:NetGoodwill2021-03-3102791358core:IntangibleAssetsOtherThanGoodwill2021-03-3102791358core:ListedExchangeTraded2021-03-3102791358core:UnlistedNon-exchangeTraded2021-03-3102791358core:LandBuildings2021-04-012022-03-3102791358core:PlantMachinery2021-04-012022-03-3102791358core:Vehicles2021-04-012022-03-3102791358core:FurnitureFittings2021-04-012022-03-3102791358core:OfficeEquipment2021-04-012022-03-3102791358core:NetGoodwill2021-04-012022-03-3102791358core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3102791358core:ListedExchangeTraded2021-04-012022-03-3102791358core:UnlistedNon-exchangeTraded2021-04-012022-03-3102791358core:MoreThanFiveYears2021-04-012022-03-3102791358core:Non-currentFinancialInstruments2022-03-3102791358core:Non-currentFinancialInstruments2021-03-3102791358dpl:CostSales2021-04-012022-03-3102791358dpl:DistributionCosts2021-04-012022-03-3102791358dpl:AdministrativeExpenses2021-04-012022-03-3102791358core:LandBuildings2021-04-012022-03-3102791358core:PlantMachinery2021-04-012022-03-3102791358core:Vehicles2021-04-012022-03-3102791358core:FurnitureFittings2021-04-012022-03-3102791358core:OfficeEquipment2021-04-012022-03-3102791358core:NetGoodwill2021-04-012022-03-3102791358core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3102791358dpl:GroupUndertakings2021-04-012022-03-3102791358dpl:ParticipatingInterests2021-04-012022-03-3102791358dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3102791358core:ListedExchangeTraded2021-04-012022-03-3102791358dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3102791358core:UnlistedNon-exchangeTraded2021-04-012022-03-3102791358dpl:CostSales2020-04-012021-03-3102791358dpl:DistributionCosts2020-04-012021-03-3102791358dpl:AdministrativeExpenses2020-04-012021-03-3102791358core:LandBuildings2020-04-012021-03-3102791358core:PlantMachinery2020-04-012021-03-3102791358core:Vehicles2020-04-012021-03-3102791358core:FurnitureFittings2020-04-012021-03-3102791358core:OfficeEquipment2020-04-012021-03-3102791358core:NetGoodwill2020-04-012021-03-3102791358core:IntangibleAssetsOtherThanGoodwill2020-04-012021-03-3102791358dpl:GroupUndertakings2020-04-012021-03-3102791358dpl:ParticipatingInterests2020-04-012021-03-3102791358dpl:GroupUndertakingscore:ListedExchangeTraded2020-04-012021-03-3102791358core:ListedExchangeTraded2020-04-012021-03-3102791358dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-04-012021-03-3102791358core:UnlistedNon-exchangeTraded2020-04-012021-03-3102791358core:NetGoodwill2022-03-3102791358core:IntangibleAssetsOtherThanGoodwill2022-03-3102791358core:LandBuildings2022-03-3102791358core:PlantMachinery2022-03-3102791358core:Vehicles2022-03-3102791358core:FurnitureFittings2022-03-3102791358core:OfficeEquipment2022-03-3102791358core:AfterOneYear2022-03-3102791358core:WithinOneYear2022-03-3102791358core:ListedExchangeTraded2022-03-3102791358core:UnlistedNon-exchangeTraded2022-03-3102791358core:ShareCapital2022-03-3102791358core:SharePremium2022-03-3102791358core:RevaluationReserve2022-03-3102791358core:OtherReservesSubtotal2022-03-3102791358core:RetainedEarningsAccumulatedLosses2022-03-3102791358core:NetGoodwill2021-03-3102791358core:IntangibleAssetsOtherThanGoodwill2021-03-3102791358core:LandBuildings2021-03-3102791358core:PlantMachinery2021-03-3102791358core:Vehicles2021-03-3102791358core:FurnitureFittings2021-03-3102791358core:OfficeEquipment2021-03-3102791358core:AfterOneYear2021-03-3102791358core:WithinOneYear2021-03-3102791358core:ListedExchangeTraded2021-03-3102791358core:UnlistedNon-exchangeTraded2021-03-3102791358core:ShareCapital2021-03-3102791358core:SharePremium2021-03-3102791358core:RevaluationReserve2021-03-3102791358core:OtherReservesSubtotal2021-03-3102791358core:RetainedEarningsAccumulatedLosses2021-03-3102791358core:NetGoodwill2020-04-0102791358core:IntangibleAssetsOtherThanGoodwill2020-04-0102791358core:LandBuildings2020-04-0102791358core:PlantMachinery2020-04-0102791358core:Vehicles2020-04-0102791358core:FurnitureFittings2020-04-0102791358core:OfficeEquipment2020-04-0102791358core:AfterOneYear2020-04-0102791358core:WithinOneYear2020-04-0102791358core:ListedExchangeTraded2020-04-0102791358core:UnlistedNon-exchangeTraded2020-04-0102791358core:ShareCapital2020-04-0102791358core:SharePremium2020-04-0102791358core:RevaluationReserve2020-04-0102791358core:OtherReservesSubtotal2020-04-0102791358core:RetainedEarningsAccumulatedLosses2020-04-0102791358core:AfterOneYear2021-04-012022-03-3102791358core:WithinOneYear2021-04-012022-03-3102791358core:Non-currentFinancialInstrumentscore:CostValuation2021-04-012022-03-3102791358core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2021-04-012022-03-3102791358core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2021-04-012022-03-3102791358core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2021-04-012022-03-3102791358core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2021-04-012022-03-3102791358core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2021-04-012022-03-3102791358core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2021-04-012022-03-3102791358core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2021-04-012022-03-3102791358core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2021-04-012022-03-3102791358core:Non-currentFinancialInstrumentscore:CostValuation2022-03-3102791358core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-03-3102791358core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-03-3102791358core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-03-3102791358core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-03-3102791358core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-03-3102791358core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-03-3102791358core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-03-3102791358core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-03-3102791358core:Non-currentFinancialInstrumentscore:CostValuation2021-03-3102791358core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2021-03-3102791358core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2021-03-3102791358core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2021-03-3102791358core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2021-03-3102791358core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2021-03-3102791358core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2021-03-3102791358core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2021-03-3102791358core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2021-03-3102791358bus:Director12021-04-012022-03-3102791358bus:Director22021-04-012022-03-31

Registered Number
02791358
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2022

Sandgate Court (Penrith) Management Company Limited

Company Information
for the year from 1 April 2021 to 31 March 2022


Directors	John Roger Alceste Raymond Biagi (Resigned 10 August 2022)
	David Malcolm Burdess


Registered Address	Lyndhurst
	Wordsworth Street
	Penrith
	CA11 7QZ


Registered Number	02791358 (England and Wales)

Sandgate Court (Penrith) Management Company Limited

Statement of Financial Position
31 March 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Tangible assets	8		131		154
			131		154
Current assets
Cash at bank and on hand		35,897		40,622
		35,897		40,622
Creditors amounts falling due within one year	12	(5,157)		(5,097)
Net current assets (liabilities)			30,740		35,525
Total assets less current liabilities			30,871		35,679
Net assets			30,871		35,679
Capital and reserves
Called up share capital			20		20
Other reserves			17,827		22,636
Profit and loss account			13,024		13,023
Shareholders' funds			30,871		35,679

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 12 August 2022, and are signed on its behalf by:

David Malcolm Burdess
Director
Registered Company No. 02791358

Sandgate Court (Penrith) Management Company Limited

Notes to the Financial Statements
for the year ended 31 March 2022

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Basis of measurement used in financial statements
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

4.	Accounting policies

	Functional and presentation currency policy
	The financial statements are presented in sterling and this is the functional currency of the company.

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Office Equipment	15

	Revenue recognition policy
	Turnover represents amounts received for maintenance of a building. Amounts are received monthly to cover annual maintenance costs.

	Valuation of financial instruments policy
	The company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets – trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost as detailed in notes. Prepayments are not financial instruments. Cash at bank – is classified as a basic financial instrument and is measured at face value. Financial liabilities – trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost as detailed in notes. Taxation and social security are not included in the financial instruments disclosure definition. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.

Valuation of financial instruments policy

The company only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets – trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost as detailed in notes. Prepayments are not financial instruments.

Cash at bank – is classified as a basic financial instrument and is measured at face value.

Financial liabilities – trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost as detailed in notes. Taxation and social security are not included in the financial instruments disclosure definition. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.

5.	Critical estimates and judgements
	The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Significant judgements There are no judgements (apart from those involving estimations) that management have made in the process of applying the entity's accounting policies that have a significant effect on the amounts recognised in the financial statements.

Critical estimates and judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Significant judgements

There are no judgements (apart from those involving estimations) that management have made in the process of applying the entity's accounting policies that have a significant effect on the amounts recognised in the financial statements.

6.	Sources of estimation uncertainty
	Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

7.	Employee information


		2022		2021
	Average number of employees during the year	1		1

8.	Property, plant and equipment

	Office Equipment	Total
	£	£
Cost or valuation
At 01 April 21	2,293	2,293
At 31 March 22	2,293	2,293
Depreciation and impairment
At 01 April 21	2,139	2,139
Charge for year	23	23
At 31 March 22	2,162	2,162
Net book value
At 31 March 22	131	131
At 31 March 21	154	154

9.	Provisions for impairment of tangible assets
	A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

10.	Further information regarding the company's financial position
	Sinking Fund - has been established to provide funds to meet the costs of major repairs to the properties. General Reserve - has been established to meet the cost of large, non-regular repair and maintenance work.

11.	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

11.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

12.	Creditors within one year

	2022	2021
	£	£
Accrued liabilities and deferred income	5,157	5,097
Total	5,157	5,097


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.