Registered number
12269749
SAVERA INVESTMENTS LTD
Filleted Accounts
31 October 2023
SAVERA INVESTMENTS LTD
Registered number: 12269749
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 690,000 552,000
Current assets
Debtors 4 48,750 -
Cash at bank and in hand 5,793 4,526
54,543 4,526
Creditors: amounts falling due within one year 5 (326,448) (289,658)
Net current liabilities (271,905) (285,132)
Total assets less current liabilities 418,095 266,868
Creditors: amounts falling due after more than one year 6 (228,909) (249,339)
Provisions for liabilities (34,500) -
Net assets 154,686 17,529
Capital and reserves
Called up share capital 100 100
Revaluation reserve 8 103,500 -
Profit and loss account 51,086 17,429
Shareholders' funds 154,686 17,529
The director is 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 director acknowledges his 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.
Bilhar Singh Sidhu
Director
Approved by the board on 29 July 2024
SAVERA INVESTMENTS LTD
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, net of discounts and value added taxes (if applicable). Turnover represents the value of rent receivable.
Investment properties
Investment properties are revalued annually and the aggregate surplus or deficit is transferred to revaluation reserve. No depreciation is provided in respect of investment properties.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Investment properties
Land and buildings
£
Cost
At 1 November 2022 552,000
Surplus on revaluation 138,000
At 31 October 2023 690,000
Depreciation
At 31 October 2023 -
Net book value
At 31 October 2023 690,000
At 31 October 2022 552,000
Freehold land and buildings: 2023 2022
£ £
Historical cost 552,000 552,000
552,000 552,000
The investment properties were measured for fair value by the directors, and in their opinion the fair value of the investment property is fairly stated.
4 Debtors 2023 2022
£ £
Other debtors 48,750 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 17,239 18,913
Trade creditors 840 840
Taxation and social security costs 9,781 2,769
Director's loan account 32,387 1,282
Other creditors 266,201 265,854
326,448 289,658
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 216,458 236,888
Shareholders loan 12,451 12,451
228,909 249,339
7 Loans 2023 2022
£ £
Creditors include:
Instalments falling due for payment after more than five years 168,460 171,288
Secured bank loans 204,653 216,915
The bank loan is secured by first charge over the freehold land and buildings held by the company.
8 Revaluation reserve 2023 2022
£ £
Gain on revaluation of land and buildings 138,000 -
Deferred taxation arising on the revaluation of land and buildings (34,500) -
At 31 October 2023 103,500 -
9 Off-balance sheet arrangements
The legal ownership and the loan obligations secured on the properties are registered in the names of the shareholders whereas the beneficial ownership rests with the company.
10 Related party transactions
Other creditors include unsecured loan of £50,000 (2022: £50,000) from Jaujar Enterprises Ltd, and £215,000 (2022: £215,000) from Jaujar Investments Ltd. Both of the companies are incorporated in England and Wales and controlled by the close family members of the director and shareholders.

The company received loans from the shareholders and their close family members and a total loan balance amounting to £,12,451 (2022: £,12,451) as of the balance sheet date. The loans were shown as shareholders' loans: amounts falling due after more than one year. The loans are unsecured and the rate of interest charged is 0%.
11 Controlling party
During the period the company was controlled by Mr Jaujar S & Mrs Rashpinder Kaur Sidhu by virtue of their shareholdings.
12 Other information
SAVERA INVESTMENTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
3 Craneswater Park
Southall
UB2 5RW
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