SANDS 39 INVESTMENTS LIMITED Filleted accounts for Companies House (small and micro)

SANDS 39 INVESTMENTS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 11829047

SANDS 39 INVESTMENTS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

28 February 2022

SANDS 39 INVESTMENTS LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 28 FEBRUARY 2022

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	3

SANDS 39 INVESTMENTS LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

Director	Mr J Light

Registered office	Lynton house,
	7-12 Tavistock Square
	London
	WC1H 9BQ

Accountants	BSG Valentine (UK) LLP
	Chartered Accountants
	Lynton House
	7 - 12 Tavistock Square
	London
	WC1H 9BQ

SANDS 39 INVESTMENTS LIMITED

STATEMENT OF FINANCIAL POSITION

28 February 2022

	2022		2021
Note	£	£	£	£

CURRENT ASSETS

Stocks	607,092	639,592
Cash at bank and in hand	8,305	9,056
	---------	---------
	615,397	648,648

CREDITORS: amounts falling due within one year	5	( 633,906)		( 656,391)
		---------		---------
NET CURRENT LIABILITIES			( 18,509)		( 7,743)
			--------		-------
TOTAL ASSETS LESS CURRENT LIABILITIES			( 18,509)		( 7,743)
			--------		-------
NET LIABILITIES			( 18,509)		( 7,743)
			--------		-------

CAPITAL AND RESERVES

Called up share capital	1,000	1,000
Profit and loss account	( 19,509)	( 8,743)
	--------	-------
SHAREHOLDERS DEFICIT	( 18,509)	( 7,743)
	--------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28 February 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 2 February 2023 , and are signed on behalf of the board by:

Mr J Light
Director

Company registration number: 11829047

SANDS 39 INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 28 FEBRUARY 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lynton house,, 7-12 Tavistock Square, London, WC1H 9BQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Operating leases

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Impairment of fixed 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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Tangible assets

	Investment property
	£
Cost
At 1 March 2021	–
Additions	70,000
Disposals	( 70,000)
	--------
At 28 February 2022	–
	--------
Depreciation
At 1 March 2021 and 28 February 2022	–
	--------
Carrying amount
At 28 February 2022	–
	--------
At 28 February 2021	–
	--------

5. Creditors: amounts falling due within one year

	2022	2021
	£	£
Bank loans and overdrafts	50,000	–
Amounts owed to group undertakings and undertakings in which the company has a participating interest	70,500	–
Other creditors	513,406	656,391
	---------	---------
	633,906	656,391
	---------	---------