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REGISTERED NUMBER: 09783328 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

SATRIALE LIMITED

SATRIALE LIMITED (REGISTERED NUMBER: 09783328)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SATRIALE LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2022







DIRECTOR: Mr D F Cox





REGISTERED OFFICE: 54 Sun Street
Waltham Abbey
Essex
EN9 1EJ





REGISTERED NUMBER: 09783328 (England and Wales)





ACCOUNTANTS: Knight Wheeler Sanson Limited
17 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

SATRIALE LIMITED (REGISTERED NUMBER: 09783328)

BALANCE SHEET
31 March 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 4 26,025 -

CURRENT ASSETS
Stocks 849,876 719,195
Debtors 5 5,971 2,500
Cash at bank 3,459 5,995
859,306 727,690
CREDITORS
Amounts falling due within one year 6 (722,146 ) (354,622 )
NET CURRENT ASSETS 137,160 373,068
TOTAL ASSETS LESS CURRENT
LIABILITIES

163,185

373,068

CREDITORS
Amounts falling due after more than one year 7 - (218,688 )
NET ASSETS 163,185 154,380

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 163,085 154,280
163,185 154,380

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SATRIALE LIMITED (REGISTERED NUMBER: 09783328)

BALANCE SHEET - continued
31 March 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 7 September 2022 and were signed by:





Mr D F Cox - Director


SATRIALE LIMITED (REGISTERED NUMBER: 09783328)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Satriale Limited 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 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.

The financial statements are presented in sterling (£) which is also the functional currency of the company and rounded to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rental income

The company's income derives from the rental income receivable from residential properties. Income is recognised from amounts due for the period less any void periods.

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 - 25% on reducing balance

Investment property
Investment properties are valued on an open market valuation basis, conducted annually by the directors of the company. These values are supported by periodic external market valuations.

Stocks
There is no sales contract in place at the balance sheet date for the disposal of development property.

In accordance with FRS 102, the company recognizes inventories at the lower of cost and estimated selling price less costs to complete and sell. The company includes in the cost of inventories all costs of purchase, conversion and other costs incurred in bringing the inventories to their present location and condition.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued, non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

SATRIALE LIMITED (REGISTERED NUMBER: 09783328)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 34,700
At 31 March 2022 34,700
DEPRECIATION
Charge for year 8,675
At 31 March 2022 8,675
NET BOOK VALUE
At 31 March 2022 26,025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 1,932 2,500
Other debtors 4,039 -
5,971 2,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts - 10,431
Amounts owed to group undertakings 187,457 187,537
Taxation and social security - 1,910
Other creditors 534,689 154,744
722,146 354,622

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans - 218,688

SATRIALE LIMITED (REGISTERED NUMBER: 09783328)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2022 2021
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 176,962

8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans - 229,119

9. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption available under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" not to disclose transactions entered into between two or more members of a group on the basis that any subsidiary undertakings which is party to the transaction is a wholly owned subsidiary undertaking within the group.

10. ULTIMATE PARENT COMPANY

The company is a wholly owned subsidiary undertaking of Satriale Holdings Limited, a company registered in England and Wales.