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REGISTERED NUMBER: 10844299 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2023

for

SARR Properties Ltd

SARR Properties Ltd (Registered number: 10844299)






Contents of the Financial Statements
for the Year Ended 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SARR Properties Ltd

Company Information
for the Year Ended 31st March 2023







DIRECTORS: A Lakhani
R Lakhani
R Lakhani
S Lakhani





REGISTERED OFFICE: Unit 8, 6th Floor Bradburys Court Office
Lyon Road
Harrow
HA1 2BY





REGISTERED NUMBER: 10844299 (England and Wales)





ACCOUNTANTS: Aquarius Tax Consultancy Limited
Suite 1B The Beehive
Lions Drive
Shadsworth Business Park
Blackburn
Lancashire
BB1 2QS

SARR Properties Ltd (Registered number: 10844299)

Balance Sheet
31st March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1,359
Tangible assets 5 7,844,412 8,446,325
7,844,413 8,447,684

CURRENT ASSETS
Debtors 6 46,281 28,054
Cash at bank 66,410 187,244
112,691 215,298
CREDITORS
Amounts falling due within one year 7 124,285 130,074
NET CURRENT (LIABILITIES)/ASSETS (11,594 ) 85,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,832,819

8,532,908

CREDITORS
Amounts falling due after more than one year 8 7,673,282 8,424,319
NET ASSETS 159,537 108,589

CAPITAL AND RESERVES
Called up share capital 1,000 -
Retained earnings 158,537 108,589
159,537 108,589

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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.

SARR Properties Ltd (Registered number: 10844299)

Balance Sheet - continued
31st March 2023


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 Board of Directors and authorised for issue on 1st November 2023 and were signed on its behalf by:





A Lakhani - Director


SARR Properties Ltd (Registered number: 10844299)

Notes to the Financial Statements
for the Year Ended 31st March 2023

1. STATUTORY INFORMATION

SARR Properties 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 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 15% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SARR Properties Ltd (Registered number: 10844299)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st April 2022
and 31st March 2023 5,433
AMORTISATION
At 1st April 2022 4,074
Charge for year 1,358
At 31st March 2023 5,432
NET BOOK VALUE
At 31st March 2023 1
At 31st March 2022 1,359

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2022 8,353,991 129,762 8,483,753
Additions 39,000 - 39,000
Disposals (627,063 ) - (627,063 )
At 31st March 2023 7,765,928 129,762 7,895,690
DEPRECIATION
At 1st April 2022 - 37,428 37,428
Charge for year - 13,850 13,850
At 31st March 2023 - 51,278 51,278
NET BOOK VALUE
At 31st March 2023 7,765,928 78,484 7,844,412
At 31st March 2022 8,353,991 92,334 8,446,325

SARR Properties Ltd (Registered number: 10844299)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 33,147 16,347
Other debtors 13,134 11,707
46,281 28,054

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 100,000 100,000
Trade creditors - 8,828
Taxation and social security 12,970 5,371
Other creditors 11,315 15,875
124,285 130,074

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 2,629,000 3,391,000
Other creditors 5,044,282 5,033,319
7,673,282 8,424,319