1 March 2022 false No description of principal activity Taxfiler 2023.10 13208457business:PrivateLimitedCompanyLtd2022-03-012023-02-28 132084572022-02-28 132084572022-03-012023-02-28 13208457business:AuditExempt-NoAccountantsReport2022-03-012023-02-28 13208457business:FilletedAccounts2022-03-012023-02-28 132084572023-02-28 132084572022-02-28 13208457core:WithinOneYear2023-02-28 13208457core:WithinOneYear2022-02-28 13208457core:AfterOneYear2023-02-28 13208457core:AfterOneYear2022-02-28 13208457core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 13208457core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 13208457core:RevaluationReservecore:PreviouslyStatedAmount2023-02-28 13208457core:RevaluationReservecore:PreviouslyStatedAmount2022-02-28 13208457core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 13208457core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 13208457core:PreviouslyStatedAmount2023-02-28 13208457core:PreviouslyStatedAmount2022-02-28 13208457business:SmallEntities2022-03-012023-02-28 13208457business:Director12022-03-012023-02-28 13208457countries:EnglandWales2022-03-012023-02-28 13208457business:RegisteredOffice2022-03-012023-02-28 132084572022-02-172022-02-28 iso4217:GBP xbrli:pure
SAWN Properties Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
185,000 
185,000 
Current assets
Cash at bank and in hand
10,806 
9,399 
Creditors: amounts falling due within one year
(61,220)
(55,863)
Net current liabilities
(50,414)
(46,464)
Total assets less current liabilities
134,586 
138,536 
Creditors: amounts falling due after more than one year
(125,631)
(125,631)
Provisions for liabilities
Deferred tax
(2,413)
(2,413)
Net assets
6,542 
10,492 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
10,991 
10,991 
Profit and loss account
(4,450)
(500)
Shareholders' funds
6,542 
10,492 
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 November 2023 and were signed on its behalf by
N Ali Director Company Registration No. 13208457
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SAWN Properties Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
SAWN Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 13208457. The registered office is 6 EMERSON ROAD, ILFORD, ESSEX, IG1 4XA, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 28 February 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 17 February 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Investment property
2023 
£ 
Fair value at 1 March 2022
185,000 
At 28 February 2023
185,000 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
60,962 
55,463 
Accruals
258 
400 
61,220 
55,863 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
125,631 
125,631 
7
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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