Sandstone Investment Group Ltd

Sandstone Investment Group Ltd

SANDSTONE INVESTMENT GROUP LTD - Company Information

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1 April 2022 false No description of principal activity Taxfiler 2023.10 12260813business:PrivateLimitedCompanyLtd2022-04-012023-03-31 122608132022-03-31 122608132022-04-012023-03-31 12260813business:AuditExemptWithAccountantsReport2022-04-012023-03-31 12260813business:FilletedAccounts2022-04-012023-03-31 122608132023-03-31 12260813business:Director12022-04-012023-03-31 12260813business:CompanySecretary12022-04-012023-03-31 122608132022-03-31 12260813core:WithinOneYear2023-03-31 12260813core:WithinOneYear2022-03-31 12260813core:AfterOneYear2023-03-31 12260813core:AfterOneYear2022-03-31 12260813core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 12260813core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 12260813core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 12260813core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 12260813core:PreviouslyStatedAmount2023-03-31 12260813core:PreviouslyStatedAmount2022-03-31 12260813business:SmallEntities2022-04-012023-03-31 12260813countries:EnglandWales2022-04-012023-03-31 122608132021-04-012022-03-31 iso4217:GBP xbrli:pure
Company Registration No. 12260813 (England and Wales)
Sandstone Investment Group Ltd Unaudited accounts for the year ended 31 March 2023
Sandstone Investment Group Ltd Unaudited accounts Contents
Page
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Sandstone Investment Group Ltd Company Information for the year ended 31 March 2023
Director
E O Osobu
Secretary
E O Osobu
Company Number
12260813 (England and Wales)
Accountants
Sodavic & Associates 193 Sixth Avenue London E12 5PT
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Sandstone Investment Group Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
4
99,438 
95,247 
Current assets
Debtors
5
2,372 
6,757 
Cash at bank and in hand
1,458 
353 
3,830 
7,110 
Creditors: amounts falling due within one year
6
(525)
(1,628)
Net current assets
3,305 
5,482 
Total assets less current liabilities
102,743 
100,729 
Creditors: amounts falling due after more than one year
7
(109,301)
(100,253)
Net (liabilities)/assets
(6,558)
476 
Capital and reserves
Called up share capital
(100)
(100)
Profit and loss account
(6,458)
576 
Shareholders' funds
(6,558)
476 
For the year ending 31 March 2023 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 and authorised for issue on 12 December 2023 and were signed on its behalf by
E O Osobu Director Company Registration No. 12260813
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Sandstone Investment Group Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Sandstone Investment Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 12260813.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2023 
£ 
Fair value at 1 April 2022
95,247 
Additions
4,191 
At 31 March 2023
99,438 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
2,372 
6,757 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
- 
1,128 
Accruals
525 
500 
525 
1,628 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
3,985 
3,744 
Other creditors
69,375 
69,375 
Loans from directors
35,941 
27,134 
109,301 
100,253 
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Sandstone Investment Group Ltd Notes to the Accounts for the year ended 31 March 2023
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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