Sandermoor Properties Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 03574966

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

FOR

SANDERMOOR PROPERTIES LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr B Singh Sanghera

Mr S S Sidhu

SECRETARY:

Mr C Singh

REGISTERED OFFICE:

Swan House

Hospital Street

Birmingham

West Midlands

B19 3PY

REGISTERED NUMBER:

03574966

ACCOUNTANTS:

Wright & Co Partnership Limited

Chartered Accountants

5 Walsall Street

Wednesbury

West Midlands

WS10 9BZ

FIXED ASSETS

Tangible assets

4

1,133,293

1,133,293

CURRENT ASSETS

Cash at bank and in hand

1,227,369

1,339,309

CREDITORS

Amounts falling due within one year

154,687

298,963

NET CURRENT ASSETS

1,072,682

1,040,346

TOTAL ASSETS LESS CURRENT LIABILITIES

2,205,975

2,173,639

CREDITORS

Amounts falling due after more than one year

36

36

NET ASSETS

2,205,939

2,173,603

CAPITAL AND RESERVES

Called up share capital

4

4

Revaluation reserve

5

912,300

912,300

Retained earnings

1,293,635

1,261,299

SHAREHOLDERS' FUNDS

2,205,939

2,173,603

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2023 and were signed on its behalf by:

Mr B Singh Sanghera - Director

1.	STATUTORY INFORMATION

Sandermoor Properties Limited is a private company, limited by shares , registered in Not specified/Other. 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rental income from properties made available for letting during the financial year and, where applicable, excludes value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 July 2021

and 30 June 2022

1,138,447

DEPRECIATION

At 1 July 2021

and 30 June 2022

5,154

NET BOOK VALUE

At 30 June 2022

1,133,293

At 30 June 2021

1,133,293

Cost or valuation at 30 June 2022 is represented by:

Totals

£

Valuation in 2004

912,300

Cost

226,147

1,138,447

If the Penn Road properties had not been revalued they would have been included at the following historical cost:

2022

2021

£

£

Cost

187,700

187,700

The Penn Road properties were valued on an open market basis on 18 August 2004 by S Smith BA MRICS .

5.

RESERVES

Revaluation

reserve

£

At 1 July 2021

and 30 June 2022

912,300

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Dividends totalling £10,200 (2021 £10,200) were paid during this year to Directors in their capacity as shareholders.