0 false false false false false false false false false true false false false false false false No description of principal activity 2022-03-01 Sage Accounts Production Advanced 2021 - FRS102_2021 416,616 416,616 416,616 xbrli:pure xbrli:shares iso4217:GBP 12487994 2022-03-01 2023-02-28 12487994 2023-02-28 12487994 2021-03-01 2022-02-28 12487994 2022-02-28 12487994 bus:Director1 2022-03-01 2023-02-28 12487994 core:WithinOneYear 2023-02-28 12487994 core:WithinOneYear 2022-02-28 12487994 core:AfterOneYear 2023-02-28 12487994 core:AfterOneYear 2022-02-28 12487994 core:ShareCapital 2023-02-28 12487994 core:ShareCapital 2022-02-28 12487994 core:RetainedEarningsAccumulatedLosses 2023-02-28 12487994 core:RetainedEarningsAccumulatedLosses 2022-02-28 12487994 core:LandBuildings core:OwnedOrFreeholdAssets 2023-02-28 12487994 core:LandBuildings core:OwnedOrFreeholdAssets 2022-02-28 12487994 bus:SmallEntities 2022-03-01 2023-02-28 12487994 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 12487994 bus:FullAccounts 2022-03-01 2023-02-28 12487994 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 12487994 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28
COMPANY REGISTRATION NUMBER: 12487994
SAK UK INVESTMENT LTD
Filleted Unaudited Financial Statements
28 February 2023
SAK UK INVESTMENT LTD
Statement of Financial Position
28 February 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
4
416,616
416,616
Current assets
Cash at bank and in hand
4,602
5,505
Creditors: amounts falling due within one year
5
126,139
133,027
---------
---------
Net current liabilities
121,537
127,522
---------
---------
Total assets less current liabilities
295,079
289,094
Creditors: amounts falling due after more than one year
6
284,202
284,202
---------
---------
Net assets
10,877
4,892
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
10,777
4,792
--------
-------
Shareholders funds
10,877
4,892
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SAK UK INVESTMENT LTD
Statement of Financial Position (continued)
28 February 2023
These financial statements were approved by the board of directors and authorised for issue on 16 November 2023 , and are signed on behalf of the board by:
Mr A Chhabria
Director
Company registration number: 12487994
SAK UK INVESTMENT LTD
Notes to the Financial Statements
Year ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 46 The Ridgeway, North Harrow, Middlesex, HA2 7QN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
4. Tangible assets
Freehold property
£
Cost
At 1 March 2022 and 28 February 2023
416,616
---------
Depreciation
At 1 March 2022 and 28 February 2023
---------
Carrying amount
At 28 February 2023
416,616
---------
At 28 February 2022
416,616
---------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
1,404
603
Other creditors
124,735
132,424
---------
---------
126,139
133,027
---------
---------
6. Creditors: amounts falling due after more than one year
2023
2022
£
£
Mortgage
284,202
284,202
---------
---------
The mortgage is secured by fixed charge over the company's property and negative pledge.