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REGISTERED NUMBER: 12487900 (England and Wales)















SARIN PROPERTY MANAGEMENT LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023






SARIN PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 12487900)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SARIN PROPERTY MANAGEMENT LTD

COMPANY INFORMATION
for the year ended 30 June 2023







DIRECTORS: G J Thomas
Mrs S Thomas





SECRETARY: Mrs S Thomas





REGISTERED OFFICE: Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS





REGISTERED NUMBER: 12487900 (England and Wales)





ACCOUNTANTS: Sheards
Chartered Accountants
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

SARIN PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 12487900)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 4 508,623 413,000

CURRENT ASSETS
Debtors 5 163 356
Cash at bank 8,686 9,120
8,849 9,476
CREDITORS
Amounts falling due within one year 6 (170,544 ) (148,225 )
NET CURRENT LIABILITIES (161,695 ) (138,749 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

346,928

274,251

CREDITORS
Amounts falling due after more than one
year

7

(325,194

)

(255,261

)

PROVISIONS FOR LIABILITIES (4,943 ) (4,943 )
NET ASSETS 16,791 14,047

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 21,076 21,076
Retained earnings (4,287 ) (7,031 )
SHAREHOLDERS' FUNDS 16,791 14,047

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

SARIN PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 12487900)

BALANCE SHEET - continued
30 June 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 Board of Directors and authorised for issue on 1 March 2024 and were signed on its behalf by:





G J Thomas - Director


SARIN PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 12487900)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2023


1. STATUTORY INFORMATION

Sarin Property Management Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is derived from rental income, which is recognised on an accruals basis.

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).

SARIN PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 12487900)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 413,000
Additions 95,623
At 30 June 2023 508,623
NET BOOK VALUE
At 30 June 2023 508,623
At 30 June 2022 413,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2021 386,981
Valuation in 2022 26,019
Valuation in 2023 95,623
508,623

If investment properties had not been revalued 2023 would have been included at the following historical cost:

2023 2022
£    £   
Cost 482,604 386,981

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 163 356

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,266 9,241
Other creditors 168,278 138,984
170,544 148,225

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 325,194 255,261

SARIN PROPERTY MANAGEMENT LTD (REGISTERED NUMBER: 12487900)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 316,130 218,297

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 327,460 264,502

Banks loans have been secured against the properties to which they relate.

9. RESERVES
Revaluation
reserve
£   
At 1 July 2022
and 30 June 2023 21,076

10. RELATED PARTY DISCLOSURES

Loans owing to the directors on an interest free basis of £166,551 (2022: £138,661) were outstanding at the year end. Loans will be repaid when funds permit.