Sandgate House Limited - Limited company accounts 22.3

REGISTERED NUMBER: 03859824 (England and Wales)

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 24TH MARCH 2022

FOR

SANDGATE HOUSE LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

N Fretwell

Ms P Lewis

Ms J P Verasammy

K J Ward

J W Harrigan

SECRETARY:

N Fretwell

REGISTERED OFFICE:

Sutherland House

1759 London Road

Leigh-on-Sea

Essex

SS9 2RZ

REGISTERED NUMBER:

03859824 (England and Wales)

ACCOUNTANTS:

Platt Rushton LLP

Chartered Accountants

Sutherland House

1759 London Road

Leigh On Sea

Essex

SS9 2RZ

The directors present their report with the financial statements of the company for the year ended 24th March 2022.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the administration of variable service charges as agents of the statutory trust for the residents of Sandgate House, Queens Walk, Ealing, London W5 1TN.

In accordance with guidance contained in ICAEW publication Tech 3/11 and FRC UITF publication 92 (withdrawn) the company have this year recorded transactions where it may be deemed to have been acting as a principal or undisclosed agent to purchase goods and services on behalf of the service charge.

Balances in the financial statements relate solely to amounts due to or from the service charge.

Lessees can obtain the full set of information about service charges in separately prepared service charge accounts.

DIRECTORS

The directors shown below have held office during the whole of the period from 25th March 2021 to the date of this report.

N Fretwell

Ms P Lewis

Ms J P Verasammy

K J Ward

J W Harrigan

Other changes in directors holding office are as follows:

Miss S Nicolay - resigned 1st July 2021

T R Williams - appointed 11th August 2021 - resigned 11th August 2021

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

N Fretwell - Director

14th November 2022

TURNOVER

-

Administrative expenses

35,298

37,864

(35,298

)

(37,864

)

Other operating income

35,298

37,864

OPERATING PROFIT and

PROFIT BEFORE TAXATION

-

Tax on profit

-

PROFIT FOR THE FINANCIAL YEAR

-

CURRENT ASSETS

Debtors

5

3,832

9,990

Cash at bank

3,989

7,821

13,979

CREDITORS

Amounts falling due within one year

6

3,832

9,990

NET CURRENT ASSETS

3,989

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,989

CAPITAL AND RESERVES

Called up share capital

24

Retained earnings

3,965

SHAREHOLDERS' FUNDS

3,989

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24th March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 24th March 2022 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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 14th November 2022 and were signed on its behalf by:

N Fretwell - Director

1.	STATUTORY INFORMATION

Sandgate House Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	SERVICE CHARGE BALANCES

Service Charge Balances at the Balance Sheet date were:

Unpaid service charges due £19,342(2021 £15,875)

Balance held at Managing Agent's client account £8,928 (2021 £7,262)

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

Other debtors

3,832

9,990

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

Trade creditors

1,287

9,990

Other creditors

2,545

-

3,832

9,990