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REGISTERED NUMBER: 12957078 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR

SAME SISTERS LIMITED

SAME SISTERS LIMITED (REGISTERED NUMBER: 12957078)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SAME SISTERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTORS: Mrs S R Lad
Mrs V R Patel





REGISTERED OFFICE: 13 Parklands Drive
London
N3 3HA





REGISTERED NUMBER: 12957078 (England and Wales)






SAME SISTERS LIMITED (REGISTERED NUMBER: 12957078)

BALANCE SHEET
31ST OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 500,000 580,000

CURRENT ASSETS
Cash at bank 13,580 17,550

CREDITORS
Amounts falling due within one year 5 9,932 5,163
NET CURRENT ASSETS 3,648 12,387
TOTAL ASSETS LESS CURRENT
LIABILITIES

503,648

592,387

CREDITORS
Amounts falling due after more than one year 6 (566,258 ) (576,215 )

PROVISIONS FOR LIABILITIES - (1,150 )
NET (LIABILITIES)/ASSETS (62,610 ) 15,022

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve (73,984 ) 4,866
Retained earnings 10,374 9,156
(62,610 ) 15,022

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

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

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 29th February 2024 and were signed on its behalf by:





Mrs S R Lad - Director


SAME SISTERS LIMITED (REGISTERED NUMBER: 12957078)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023


1. STATUTORY INFORMATION

Same Sisters Limited 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 as modified by the revaluation of certain assets.

The validity of the going concern basis under which these financial statements are prepared , depends upon the continued support from the director and shareholders.

After making due enquiries, the directors are confident that the company has sufficient resources to continue in existence for the foreseeable future. For this reason he continues to adopt the going concern basis in preparing the financial statements.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2022 580,000
Impairments (80,000 )
At 31st October 2023 500,000
NET BOOK VALUE
At 31st October 2023 500,000
At 31st October 2022 580,000

Fair value of the investment property was £500,000 at 31st October 2023.

SAME SISTERS LIMITED (REGISTERED NUMBER: 12957078)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023


4. INVESTMENT PROPERTY - continued

Fair value at 31st October 2023 is represented by:
£   
Valuation in 2022 6,016
Valuation in 2023 (80,000 )
Cost 573,984
500,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 300 1,963
Other creditors 9,632 3,200
9,932 5,163

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 193,743 203,700
Other creditors 372,515 372,515
566,258 576,215

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 193,743 203,700