Registered number
11001546
SA Realtors Limited
Unaudited Filleted Accounts
31 October 2023
SA Realtors Limited
Registered number: 11001546
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 427,485 427,485
427,485 427,485
Current assets
Cash at bank and in hand 3,135 3,948
3,135 3,948
Creditors: amounts falling due within one year 5 (256,403) (243,518)
Net current liabilities (253,268) (239,570)
Total assets less current liabilities 174,217 187,915
Creditors: amounts falling due after more than one year 6 (165,061) (168,424)
Provisions for liabilities - -
Net assets 9,156 19,491
Capital and reserves
Called up share capital 20 20
Profit and loss account 9,136 19,471
Shareholders' funds 9,156 19,491
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr. H. Agarwal
Director
Approved by the board on 26 July 2024
SA Realtors Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the rental of real estate. Turnover from the rental of real estate is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Investment Property Total
£ £
Cost or valuation
At 1 November 2022 427,485 427,485
Additions - -
Surplus on revaluation - -
Disposals - -
At 31 October 2023 427,485 427,485
Depreciation
At 1 November 2022 - -
Charge for the year - -
Surplus on revaluation - -
On disposals - -
At 31 October 2023 - -
Net book value
At 31 October 2023 427,485 427,485
At 31 October 2022 427,485 427,485
Freehold land and buildings: 2023 2022
£ £
Historical cost 427,485 427,485
427,485 427,485
The director is in the opinion that the fair value of the investment properties has remained the same as last year. This opinion was ascertained based on similar properties in the locality and reviews conducted on an open market valuation of a freehold basis.
4 Debtors 2023 2022
£ £
Trade debtors - -
- -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 4,898 6,432
Taxation and social security costs - 1,381
Other creditors 251,505 235,705
256,403 243,518
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 165,061 168,424
165,061 168,424
7 Loans 2023 2022
£ £
Creditors include:
Instalments falling due for payment after more than five years 145,471 142,696
145,471 142,696
Secured bank loans 169,959 174,856
Security is given against the freehold interest in the property.
8 Other information
SA Realtors Limited is a private company limited by shares and incorporated in England. Its registered office is:
16 Draytons View
Greenham
Thatcham
RG19 8SA
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