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REGISTERED NUMBER: 05517106 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2022

for

SAC Investments Limited

SAC Investments Limited (Registered number: 05517106)






Contents of the Financial Statements
for the Year Ended 31 January 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SAC Investments Limited

Company Information
for the Year Ended 31 January 2022







DIRECTORS: S M Ispani
Mrs A Ispani





REGISTERED OFFICE: Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ





REGISTERED NUMBER: 05517106 (England and Wales)





ACCOUNTANTS: Thompsons Accountancy Services Limited
Chartered Accountants
Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ

SAC Investments Limited (Registered number: 05517106)

Statement of Financial Position
31 January 2022

31.1.22 31.1.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 412 565
Investment property 6 1,200,000 1,200,000
1,200,412 1,200,565

CURRENT ASSETS
Debtors 7 579,844 675,509
Cash at bank 32,152 2,599
611,996 678,108
CREDITORS
Amounts falling due within one year 8 11,561 8,124
NET CURRENT ASSETS 600,435 669,984
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,800,847

1,870,549

CREDITORS
Amounts falling due after more than one
year

9

(802,918

)

(803,234

)

PROVISIONS FOR LIABILITIES (193,087 ) (193,115 )
NET ASSETS 804,842 874,200

CAPITAL AND RESERVES
Allotted, called up and fully
paid share capital 100 100
Share premium 11,923 11,923
Revaluation reserve 11 815,829 815,829
Retained earnings (23,010 ) 46,348
SHAREHOLDERS' FUNDS 804,842 874,200

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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.

SAC Investments Limited (Registered number: 05517106)

Statement of Financial Position - continued
31 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2022 and were signed on its behalf by:





S M Ispani - Director


SAC Investments Limited (Registered number: 05517106)

Notes to the Financial Statements
for the Year Ended 31 January 2022

1. STATUTORY INFORMATION

SAC Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Investment property
Investment property is included at market value. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

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

SAC Investments Limited (Registered number: 05517106)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2021
and 31 January 2022 4,980
DEPRECIATION
At 1 February 2021 4,415
Charge for year 153
At 31 January 2022 4,568
NET BOOK VALUE
At 31 January 2022 412
At 31 January 2021 565

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2021
and 31 January 2022 1,200,000
NET BOOK VALUE
At 31 January 2022 1,200,000
At 31 January 2021 1,200,000

Fair value at 31 January 2022 is represented by:
£   
Valuation in 2022 1,200,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Other debtors 578,757 673,771
Prepayments 1,087 1,738
579,844 675,509

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.22 31.1.21
£    £   
Tax 1,588 447
Directors' current accounts 465 479
Accrued expenses 9,508 7,198
11,561 8,124

SAC Investments Limited (Registered number: 05517106)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2022

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.22 31.1.21
£    £   
Bank loans - 1-2 years 802,918 803,234

10. SECURED DEBTS

The following secured debts are included within creditors:

31.1.22 31.1.21
£    £   
Bank loans 802,918 803,234

The above loans are secured against the company's investment properties.

11. RESERVES
Revaluation
reserve
£   
At 1 February 2021
and 31 January 2022 815,829

12. RELATED PARTY DISCLOSURES

There is an outstanding balance from Ponti's Retails Limited, a company in which Mr Ispani is also a director. The balance at year end is £578,756.62 (2021 £673,770.76).

The directors consider this loan to be repayable after more than 12 months.