Silverfin false 31/03/2023 01/04/2022 31/03/2023 Andrew Christodoulides 15/03/2021 10 April 2024 The principal activity of the Company during the financial year was Management of real estate on a fee or contract basis. 13267802 2023-03-31 13267802 bus:Director1 2023-03-31 13267802 2022-03-31 13267802 core:CurrentFinancialInstruments 2023-03-31 13267802 core:CurrentFinancialInstruments 2022-03-31 13267802 core:ShareCapital 2023-03-31 13267802 core:ShareCapital 2022-03-31 13267802 core:RetainedEarningsAccumulatedLosses 2023-03-31 13267802 core:RetainedEarningsAccumulatedLosses 2022-03-31 13267802 core:FurnitureFittings 2022-03-31 13267802 core:ComputerEquipment 2022-03-31 13267802 core:FurnitureFittings 2023-03-31 13267802 core:ComputerEquipment 2023-03-31 13267802 bus:OrdinaryShareClass1 2023-03-31 13267802 2022-04-01 2023-03-31 13267802 bus:FullAccounts 2022-04-01 2023-03-31 13267802 bus:SmallEntities 2022-04-01 2023-03-31 13267802 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 13267802 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13267802 bus:Director1 2022-04-01 2023-03-31 13267802 core:FurnitureFittings 2022-04-01 2023-03-31 13267802 core:ComputerEquipment 2022-04-01 2023-03-31 13267802 2021-04-01 2022-03-31 13267802 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 13267802 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13267802 (England and Wales)

LEO SAI LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

LEO SAI LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

LEO SAI LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2023
LEO SAI LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 3,918 1,540
3,918 1,540
Current assets
Debtors 4 3,584 3,945
Cash at bank and in hand 5 4,469 1,215
8,053 5,160
Creditors: amounts falling due within one year 6 ( 11,416) ( 6,039)
Net current liabilities (3,363) (879)
Total assets less current liabilities 555 661
Net assets 555 661
Capital and reserves
Called-up share capital 7 10 10
Profit and loss account 545 651
Total shareholder's funds 555 661

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Leo Sai Limited (registered number: 13267802) were approved and authorised for issue by the Director. They were signed on its behalf by:

Andrew Christodoulides
Director

10 April 2024

LEO SAI LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
LEO SAI LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Leo Sai Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 35 Ballards Lane, London, N3 1XW.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 25 % reducing balance
Computer equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Fixtures and fittings Computer equipment Total
£ £ £
Cost
At 01 April 2022 700 1,301 2,001
Additions 460 2,518 2,978
At 31 March 2023 1,160 3,819 4,979
Accumulated depreciation
At 01 April 2022 175 286 461
Charge for the financial year 141 459 600
At 31 March 2023 316 745 1,061
Net book value
At 31 March 2023 844 3,074 3,918
At 31 March 2022 525 1,015 1,540

4. Debtors

2023 2022
£ £
Amounts owed by director 3,584 3,945

5. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 4,469 1,215

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 0 78
Accruals 2,820 1,800
Taxation and social security 5,333 2,466
Obligations under finance leases and hire purchase contracts 1,913 0
Other creditors 1,350 1,695
11,416 6,039

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
10 Ordinary shares of £ 1.00 each 10 10

8. Related party transactions

Included within other debtors is a balance of £3,584 (2022: £3,945) owed by directors. This balance is unsecured and interest is charged at the official rate determined by HM Revenue and customs.