Sands Realty Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 09055705 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2017

FOR

SANDS REALTY LTD

PREVIOUSLY KNOWN AS

341 BATTERSEA PARK ROAD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N A C Laurence

J D Billig

REGISTERED OFFICE:

10 London Mews

London

W2 1HY

REGISTERED NUMBER:

09055705 (England and Wales)

ACCOUNTANTS:

Stein Richards

Chartered Accountants

10 London Mews

Paddington

London

W2 1HY

CURRENT ASSETS

Stocks

2,389,998

-

Debtors

3

993,291

470,645

Cash at bank

96

100,518

3,383,385

571,163

CREDITORS

Amounts falling due within one year

4

2,892,222

204,674

NET CURRENT ASSETS

491,163

366,489

TOTAL ASSETS LESS CURRENT LIABILITIES

491,163

366,489

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

491,063

366,389

SHAREHOLDERS' FUNDS

491,163

366,489

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 24 November 2017 and were signed on its behalf by:

J D Billig - Director

1.	STATUTORY INFORMATION

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

Turnover

Turnover represents rents receivable and sale of property net of VAT.

Rendering of services

Income is recognised at the date of exchange.

Stocks

Stocks comprise the cost of acquiring development property and all associated costs.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and

liabilities such as trade and other debtors and creditors and loans to related parties.

The basic financial debtors and liabilities as listed above are initially recognised at transaction price, unless the arrangement

constitutes a financing transaction, where the transaction is measured at the present value of the future payments / receipts

discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective

interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted

or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be

recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Trade debtors

105

-

Other debtors

993,186

470,645

993,291

470,645

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.17

31.5.16

£

£

Trade creditors

-

74,701

Taxation and social security

31,303

91,597

Other creditors

2,860,919

38,376

2,892,222

204,674

5.	RELATED PARTY DISCLOSURES

6.	FIRST YEAR ADOPTION

This the first year that the company has presented its results under FRS 102. The last financial statements under UK GAAP

were for the year ended 31 May 2016. The date of transition to FRS 102 was 1 June 2015. There was no adjustments

arising from the first time adoption of FRS 102.