Company Registration No. 10616325 (England and Wales)
Satori Properties Ltd
Unaudited accounts
for the year ended 31 January 2024
Satori Properties Ltd
Unaudited accounts
Contents
Satori Properties Ltd
Company Information
for the year ended 31 January 2024
Company Number
10616325 (England and Wales)
Registered Office
59 Dukes Wood Avenue
Gerrards Cross
SL9 7JY
Satori Properties Ltd
Statement of financial position
as at 31 January 2024
Investment property
195,000
195,000
Investments
232,690
215,046
Cash at bank and in hand
211,058
206,267
Creditors: amounts falling due within one year
(63,316)
(66,912)
Net current assets
148,369
139,355
Total assets less current liabilities
576,059
549,401
Creditors: amounts falling due after more than one year
(504,649)
(504,649)
Called up share capital
1
1
Profit and loss account
71,409
44,751
Shareholders' funds
71,410
44,752
For the year ending 31 January 2024 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 13 February 2024 and were signed on its behalf by
B J Chell
Director
Company Registration No. 10616325
Satori Properties Ltd
Notes to the Accounts
for the year ended 31 January 2024
Satori Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 10616325. The registered office is 59 Dukes Wood Avenue, Gerrards Cross, SL9 7JY.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 February 2023
195,000
At 31 January 2024
195,000
5
Investments
Other investments
Valuation at 1 February 2023
215,046
Fair value adjustments
14,383
Valuation at 31 January 2024
232,690
Satori Properties Ltd
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
1,000
Loans from directors
63,316
65,037
8
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
504,649
504,649
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).