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Abbreviated Accounts for the Year Ended 30 April 2015 |
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The Sanderum Centre Limited |
REGISTERED NUMBER:
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Abbreviated Accounts for the Year Ended 30 April 2015 |
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for |
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The Sanderum Centre Limited |
The Sanderum Centre Limited (Registered number: 01393544) |
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Contents of the Abbreviated Accounts |
for the Year Ended 30 April 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 | to | 3 |
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Notes to the Abbreviated Accounts | 4 | to | 7 |
The Sanderum Centre Limited |
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Company Information |
for the Year Ended 30 April 2015 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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The Sanderum Centre Limited (Registered number: 01393544) |
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Abbreviated Balance Sheet |
30 April 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than
one year |
3 |
956,849 |
988,964 |
NET ASSETS |
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The Sanderum Centre Limited (Registered number: 01393544) |
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Abbreviated Balance Sheet - continued |
30 April 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital | 4 |
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Revaluation reserve |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
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The financial statements were approved by the Board of Directors on
signed on its behalf by: |
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The Sanderum Centre Limited (Registered number: 01393544) |
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Notes to the Abbreviated Accounts |
for the Year Ended 30 April 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention as |
modified by the revaluation of certain assets and in accordance with the Financial Reporting |
Standard for Smaller Entities (effective April 2008). |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
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Tangible fixed assets |
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Plant and machinery | - |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not |
reversed at the balance sheet date. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight |
line basis over the period of the lease. |
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Fixed assets |
All fixed assets are initially recorded at cost. |
The Sanderum Centre Limited (Registered number: 01393544) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 April 2015 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST OR VALUATION |
At 1 May 2014 |
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Additions |
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At 30 April 2015 |
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DEPRECIATION |
At 1 May 2014 |
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Charge for year |
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At 30 April 2015 |
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NET BOOK VALUE |
At 30 April 2015 |
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At 30 April 2014 |
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3. | CREDITORS |
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Creditors include the following debts falling due in more than five years: |
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2015 | 2014 |
£ | £ |
Repayable by instalments | 180,994 | 212,872 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary shares | £1 |
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Employee shares | £1 |
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Cumulative redeemable non-voti | £1 |
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5,731 | 5,731 |
The Sanderum Centre Limited (Registered number: 01393544) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 April 2015 |
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4. | CALLED UP SHARE CAPITAL - continued |
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By special resolution dated 30 May 2003, 8,000 authorised and issued shares were converted |
to Employee shares. Employee shares carry the same rights as ordinary shares except in |
certain transfer resolutions as set out in the company's Articles of Association. |
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The preference shares carry the rights to a fixed dividend of 8% per annum of their nominal |
value and rank pari pasu with the ordinary shares in any capital distribution of the company's |
assets. |
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Other than the fixed dividend, the dividend rights of the preference and ordinary shares are |
set out in the company's Articles of Association. The preference shares carry voting rights |
only when the fixed dividend is in arrears. |
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The preference shares must be redeemed at a price of £50 per share before 30 April 2046, at |
the option of the company. |
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5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The company supplied services to The Sanderum Partnership, a partnership in which Mr M A |
J Boughton and Mr R A Boughton are partners, of £11,835 (2014 £14,530). |
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Management charges of £8,508 (2014 £14,879) were paid by the company to The Sanderum |
Partnership, a firm in which Mr M A J Boughton and Mr R A Boughton are partners. The |
amount outstanding to this partnership was £1,920 (2014 £2,640). |
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All the services noted above were provided at normal commercial rates. |
The Sanderum Centre Limited (Registered number: 01393544) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 April 2015 |
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6. | RELATED PARTY DISCLOSURES |
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Mr M A J Boughton and Mr R A Boughton have interests in the companies noted below |
which trade on normal commercial terms with the company. Services provided by the |
company and balances at the year end are summarised as follows: |
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£1,171) |
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£nil) |
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Services provided by ShennanS Limited to The Sanderum Centre Limited were as follows: |
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services £7,238 (2014 £ 7,577) year end balance £600 (2014 £1,200) |
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Included within creditors due after more than one year are
The Sanderum B Trust, Michael Boughton Interest in Possession Settlement, Richard Boughton Interest in Possession Settlement and Zest Ventures Limited totalling £616,092 (2014 £626,092). directors of the limited Company. |