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REGISTERED NUMBER: SC557904 (Scotland)














Financial Statements for the Year Ended 28 February 2023

for

SAH Properties Ltd

SAH Properties Ltd (Registered number: SC557904)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SAH Properties Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Mr A Huerta-Russinyol





REGISTERED OFFICE: 11 Migvie Avenue
Kingswells
Aberdeenshire
AB15 8GF





REGISTERED NUMBER: SC557904 (Scotland)





ACCOUNTANTS: Nordens
The Retreat
406 Roding Lane South
Woodford Green
Essex
IG8 8EY

SAH Properties Ltd (Registered number: SC557904)

Statement of Financial Position
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 250,000 240,500

CURRENT ASSETS
Debtors 5 3,550 3,035
Cash at bank 4,952 4,665
8,502 7,700
CREDITORS
Amounts falling due within one year 6 4,869 4,680
NET CURRENT ASSETS 3,633 3,020
TOTAL ASSETS LESS CURRENT LIABILITIES 253,633 243,520

CREDITORS
Amounts falling due after more than one year 7 297,495 296,862
NET LIABILITIES (43,862 ) (53,342 )

CAPITAL AND RESERVES
Called up share capital 4 4
Revaluation reserve (42,898 ) (33,398 )
Retained earnings (968 ) (19,948 )
(43,862 ) (53,342 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SAH Properties Ltd (Registered number: SC557904)

Statement of Financial Position - continued
28 February 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 director and authorised for issue on 7 November 2023 and were signed by:





Mr A Huerta-Russinyol - Director


SAH Properties Ltd (Registered number: SC557904)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

SAH Properties Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Going concern
The financial statements have been prepared on the going concern basis. The director is of the opinion that the shareholders will continue to support it, and provide adequate funding when necessary to enable it to meet its obligations for the foreseeable future, being for a period of at least twelve months from the date of approval of the financial statements.

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

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Freehold
property
£   
COST OR VALUATION
At 1 March 2022 240,500
Revaluations 9,500
At 28 February 2023 250,000
NET BOOK VALUE
At 28 February 2023 250,000
At 28 February 2022 240,500

SAH Properties Ltd (Registered number: SC557904)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. PROPERTY, PLANT AND EQUIPMENT - continued

Cost or valuation at 28 February 2023 is represented by:

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
FREEHOLD PROPERTY

'COST' ACCOUNT TOTAL
Cost/valuation b/f 240,500
Revaluations 9,500
250,000

CLIENT SCREEN TOTAL = -


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 3,550 3,035

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other creditors 4,869 4,680

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Amounts owed to participating interests 110,000 110,000
Other creditors 187,495 186,862
297,495 296,862

8. RELATED PARTY DISCLOSURES

The Director Mr A Huerta-Russinyol is considered to be the key management personnel.