Company Registration No. 06281013 (England and Wales)
Sandgate (Ealing) Ltd.
Unaudited accounts
for the year ended 30 June 2022
Sandgate (Ealing) Ltd.
Unaudited accounts
Contents
Sandgate (Ealing) Ltd.
Company Information
for the year ended 30 June 2022
Directors
Dr Gurjit Singh Bhavra
Miss Harkirat Bhavra
Secretary
Miss Ruby Bhavra
Company Number
06281013 (England and Wales)
Registered Office
3 Orchard Close
Geddington
Northamptonshire
NN14 1JA
United Kingdom
Accountants
Benison Solvers Limited
1000 Great West Road
Brentford
Middlesex
TW8 9DW
Sandgate (Ealing) Ltd.
Statement of financial position
as at 30 June 2022
Tangible assets
1,791,976
1,792,044
Cash at bank and in hand
40,452
33,538
Creditors: amounts falling due within one year
(172,325)
(183,097)
Net current assets
47,274
32,373
Total assets less current liabilities
1,839,250
1,824,417
Creditors: amounts falling due after more than one year
(1,102,055)
(1,116,607)
Provisions for liabilities
Deferred tax
(84,550)
(84,550)
Net assets
652,645
623,260
Called up share capital
100
100
Profit and loss account
652,545
623,160
Shareholders' funds
652,645
623,260
For the year ending 30 June 2022 the company was entitled to exemption from audit 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 April 2023 and were signed on its behalf by
Dr Gurjit Singh Bhavra
Director
Company Registration No. 06281013
Sandgate (Ealing) Ltd.
Notes to the Accounts
for the year ended 30 June 2022
Sandgate (Ealing) Ltd. is a private company, limited by shares, registered in England and Wales, registration number 06281013. The registered office is 3 Orchard Close, Geddington, Northamptonshire, NN14 1JA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on reducing balance
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods 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 assets and liabilities are not discounted.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Non Distributable Reserve
Profit and loss reserve includes non distributable reserve from the gain on revaluation of assets of £360,450
Sandgate (Ealing) Ltd.
Notes to the Accounts
for the year ended 30 June 2022
4
Tangible fixed assets
Total
5
Deferred taxation
2022
2021
Revaluation of land and buildings
84,550
84,550
Provision at start of year
84,550
84,550
Provision at end of year
84,550
84,550
6
Average number of employees
During the year the average number of employees was 1 (2021: 1).
