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REGISTERED NUMBER: 14705733 (England and Wales)















Unaudited Financial Statements

for the Period 5 March 2023 to 31 March 2024

for

Sigaram Holdings Ltd

Sigaram Holdings Ltd (Registered number: 14705733)






Contents of the Financial Statements
for the Period 5 March 2023 to 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Sigaram Holdings Ltd

Company Information
for the Period 5 March 2023 to 31 March 2024







DIRECTOR: Mr K Ganeshamoorthy





REGISTERED OFFICE: 105 St. Albans Road
Nottingham
NG6 9JQ





REGISTERED NUMBER: 14705733 (England and Wales)





ACCOUNTANTS: Xitax Limited
Pera Business Park
Nottingham Road
Melton Mowbray
Leicestershire
LE13 0PB

Sigaram Holdings Ltd (Registered number: 14705733)

Abridged Balance Sheet
31 March 2024

Notes £    £   
FIXED ASSETS
Investment property 4 83,973

CURRENT ASSETS
Debtors 4,008
Cash at bank 558
4,566
CREDITORS
Amounts falling due within one year 27,163
NET CURRENT LIABILITIES (22,597 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,376

CREDITORS
Amounts falling due after more than one
year

5

62,996
NET LIABILITIES (1,620 )

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings (1,621 )
(1,620 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Sigaram Holdings Ltd (Registered number: 14705733)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 August 2024 and were signed by:





Mr K Ganeshamoorthy - Director


Sigaram Holdings Ltd (Registered number: 14705733)

Notes to the Financial Statements
for the Period 5 March 2023 to 31 March 2024

1. STATUTORY INFORMATION

Sigaram Holdings 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 period 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 period 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 period was NIL.

Sigaram Holdings Ltd (Registered number: 14705733)

Notes to the Financial Statements - continued
for the Period 5 March 2023 to 31 March 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 83,973
At 31 March 2024 83,973
NET BOOK VALUE
At 31 March 2024 83,973

The fair value of the property at 31 March 2024 has been arrived at on the basis of a valuation carried out at that date by the director of the company, who is not a professionally qualified valuer. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in its location and takes into account the current state of the rental market in the area where the property is situated.

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
£   
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 62,996

6. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 62,996

The bank loan is secured by a first legal charge over company owned investment property.

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director has guaranteed the bank loan.