2022-03-012023-02-282023-02-28false13191377SEKARE LTD2023-09-25iso4217:GBPxbrli:pure131913772022-03-01131913772023-02-28131913772022-03-012023-02-28131913772021-02-10131913772022-02-28131913772021-02-102022-02-2813191377bus:SmallEntities2022-03-012023-02-2813191377bus:AuditExempt-NoAccountantsReport2022-03-012023-02-2813191377bus:AbridgedAccounts2022-03-012023-02-2813191377bus:PrivateLimitedCompanyLtd2022-03-012023-02-2813191377core:WithinOneYear2023-02-2813191377core:AfterOneYear2023-02-2813191377core:WithinOneYear2022-02-2813191377core:AfterOneYear2022-02-2813191377core:ShareCapital2023-02-2813191377core:SharePremium2023-02-2813191377core:RevaluationReserve2023-02-2813191377core:OtherReservesSubtotal2023-02-2813191377core:RetainedEarningsAccumulatedLosses2023-02-2813191377core:ShareCapital2022-02-2813191377core:SharePremium2022-02-2813191377core:RevaluationReserve2022-02-2813191377core:OtherReservesSubtotal2022-02-2813191377core:RetainedEarningsAccumulatedLosses2022-02-2813191377core:LandBuildings2023-02-2813191377core:PlantMachinery2023-02-2813191377core:Vehicles2023-02-2813191377core:FurnitureFittings2023-02-2813191377core:OfficeEquipment2023-02-2813191377core:NetGoodwill2023-02-2813191377core:IntangibleAssetsOtherThanGoodwill2023-02-2813191377core:ListedExchangeTraded2023-02-2813191377core:UnlistedNon-exchangeTraded2023-02-2813191377core:LandBuildings2022-02-2813191377core:PlantMachinery2022-02-2813191377core:Vehicles2022-02-2813191377core:FurnitureFittings2022-02-2813191377core:OfficeEquipment2022-02-2813191377core:NetGoodwill2022-02-2813191377core:IntangibleAssetsOtherThanGoodwill2022-02-2813191377core:ListedExchangeTraded2022-02-2813191377core:UnlistedNon-exchangeTraded2022-02-2813191377core:LandBuildings2022-03-012023-02-2813191377core:PlantMachinery2022-03-012023-02-2813191377core:Vehicles2022-03-012023-02-2813191377core:FurnitureFittings2022-03-012023-02-2813191377core:OfficeEquipment2022-03-012023-02-2813191377core:NetGoodwill2022-03-012023-02-2813191377core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2813191377core:ListedExchangeTraded2022-03-012023-02-2813191377core:UnlistedNon-exchangeTraded2022-03-012023-02-2813191377core:MoreThanFiveYears2022-03-012023-02-2813191377core:Non-currentFinancialInstruments2023-02-2813191377core:Non-currentFinancialInstruments2022-02-2813191377dpl:CostSales2022-03-012023-02-2813191377dpl:DistributionCosts2022-03-012023-02-2813191377dpl:AdministrativeExpenses2022-03-012023-02-2813191377core:LandBuildings2022-03-012023-02-2813191377core:PlantMachinery2022-03-012023-02-2813191377core:Vehicles2022-03-012023-02-2813191377core:FurnitureFittings2022-03-012023-02-2813191377core:OfficeEquipment2022-03-012023-02-2813191377core:NetGoodwill2022-03-012023-02-2813191377core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2813191377dpl:GroupUndertakings2022-03-012023-02-2813191377dpl:ParticipatingInterests2022-03-012023-02-2813191377dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2813191377core:ListedExchangeTraded2022-03-012023-02-2813191377dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2813191377core:UnlistedNon-exchangeTraded2022-03-012023-02-2813191377dpl:CostSales2021-02-102022-02-2813191377dpl:DistributionCosts2021-02-102022-02-2813191377dpl:AdministrativeExpenses2021-02-102022-02-2813191377core:LandBuildings2021-02-102022-02-2813191377core:PlantMachinery2021-02-102022-02-2813191377core:Vehicles2021-02-102022-02-2813191377core:FurnitureFittings2021-02-102022-02-2813191377core:OfficeEquipment2021-02-102022-02-2813191377core:NetGoodwill2021-02-102022-02-2813191377core:IntangibleAssetsOtherThanGoodwill2021-02-102022-02-2813191377dpl:GroupUndertakings2021-02-102022-02-2813191377dpl:ParticipatingInterests2021-02-102022-02-2813191377dpl:GroupUndertakingscore:ListedExchangeTraded2021-02-102022-02-2813191377core:ListedExchangeTraded2021-02-102022-02-2813191377dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-02-102022-02-2813191377core:UnlistedNon-exchangeTraded2021-02-102022-02-2813191377core:NetGoodwill2023-02-2813191377core:IntangibleAssetsOtherThanGoodwill2023-02-2813191377core:LandBuildings2023-02-2813191377core:PlantMachinery2023-02-2813191377core:Vehicles2023-02-2813191377core:FurnitureFittings2023-02-2813191377core:OfficeEquipment2023-02-2813191377core:AfterOneYear2023-02-2813191377core:WithinOneYear2023-02-2813191377core:ListedExchangeTraded2023-02-2813191377core:UnlistedNon-exchangeTraded2023-02-2813191377core:ShareCapital2023-02-2813191377core:SharePremium2023-02-2813191377core:RevaluationReserve2023-02-2813191377core:OtherReservesSubtotal2023-02-2813191377core:RetainedEarningsAccumulatedLosses2023-02-2813191377core:NetGoodwill2022-02-2813191377core:IntangibleAssetsOtherThanGoodwill2022-02-2813191377core:LandBuildings2022-02-2813191377core:PlantMachinery2022-02-2813191377core:Vehicles2022-02-2813191377core:FurnitureFittings2022-02-2813191377core:OfficeEquipment2022-02-2813191377core:AfterOneYear2022-02-2813191377core:WithinOneYear2022-02-2813191377core:ListedExch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SEKARE LTD

Registered Number
13191377
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2023

SEKARE LTD
Company Information
for the year from 1 March 2022 to 28 February 2023

Directors

GHABAI, Leo
SAEDI, Shahriar

Registered Address

27 Old Gloucester Street
London
WC1N 3AX

Registered Number

13191377 (England and Wales)
SEKARE LTD
Balance Sheet as at
28 February 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets61,024,5311,028,033
1,024,5311,028,033
Current assets
Cash at bank and on hand52,8475,964
52,8475,964
Creditors amounts falling due within one year(60,163)(29,520)
Net current assets (liabilities)(7,316)(23,556)
Total assets less current liabilities1,017,2151,004,477
Creditors amounts falling due after one year(1,099,326)(1,034,326)
Net assets(82,111)(29,849)
Capital and reserves
Called up share capital100100
Profit and loss account(82,211)(29,949)
Shareholders' funds(82,111)(29,849)
The financial statements were approved and authorised for issue by the Board of Directors on 25 September 2023, and are signed on its behalf by:
SAEDI, Shahriar
Director
Registered Company No. 13191377
SEKARE LTD
Notes to the Financial Statements
for the year ended 28 February 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company during the year was to let and operate its own real estate.
4.Accounting policies
Property, plant and equipment policy
An investment property shall be measured at fair value at each reporting date with changes in fair value recognized in profit or loss. If a property interest held under a lease is classified as an investment property. The item accounted for at fair value is that interest and not the underlying property. Depreciation is provided on its building improvement as follows:

Reducing balance (%)
Land and buildings10
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
Going concern
These financial statements have been prepared in accordance with the provisions of section 1A ‘’Small Entities’’ of FRS 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. The company’s financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future on the grounds that the Director will continue to financially support the company until such time has the business achieves financial viability. The company financial statements do not reflect any adjustments that would be required if they were to be prepared on a basis other than the going concern basis.
5.Employee information

20232022
Average number of employees during the year22
6.Property, plant and equipment

Total

£
Cost or valuation
At 01 March 221,028,033
Additions7,878
At 28 February 231,035,911
Depreciation and impairment
Charge for year11,380
At 28 February 2311,380
Net book value
At 28 February 231,024,531
At 28 February 221,028,033
7.Description of nature of transactions and balances with related parties
The company was under the control of Mr. L Ghabai and Mr. S Saedi throughout its current and previous years, but its majority shareholder is White Care Limited. As at 28 February 2023, the amounts owing to the shareholders are as follows: White Care Limited £692,055 Mr. S Saedi & Ms. Y Zeng £407,270 These amounts are interest free, unsecured and have no fixed repayment terms.