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REGISTERED NUMBER: 11871854 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Save Properties Ltd

Save Properties Ltd (Registered number: 11871854)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4


Save Properties Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: V G Abdul Majeed
Mrs A Jayachandran





REGISTERED OFFICE: 65 Barnston Road
Thingwall
Wirral
CH61 7XD





REGISTERED NUMBER: 11871854 (England and Wales)





ACCOUNTANTS: M. J. Shapcott & Co. Limited
Chartered Accountants
Charter House, Wyvern Court
Stanier Way
Derby
DE21 6BF

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Save Properties Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Save Properties Ltd for the year ended 31 March 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Save Properties Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Save Properties Ltd and state those matters that we have agreed to state to the Board of Directors of Save Properties Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Save Properties Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Save Properties Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Save Properties Ltd. You consider that Save Properties Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Save Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






M. J. Shapcott & Co. Limited
Chartered Accountants
Charter House, Wyvern Court
Stanier Way
Derby
DE21 6BF


29 July 2024

Save Properties Ltd (Registered number: 11871854)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,294 4,811
Investment property 5 1,020,098 1,009,034
1,025,392 1,013,845

CURRENT ASSETS
Debtors 6 630 630
Prepayments and accrued income 5,950 4,389
Cash at bank 16,456 36,231
23,036 41,250
CREDITORS
Amounts falling due within one year 7 906,356 907,521
NET CURRENT LIABILITIES (883,320 ) (866,271 )
TOTAL ASSETS LESS CURRENT LIABILITIES 142,072 147,574

CREDITORS
Amounts falling due after more than one year 8 (63,750 ) (93,750 )

PROVISIONS FOR LIABILITIES (5,670 ) (3,476 )

ACCRUALS AND DEFERRED INCOME (271 ) (446 )
NET ASSETS 72,381 49,902

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 19,792 10,923
Retained earnings 52,489 38,879
72,381 49,902

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 29 July 2024 and were signed on its behalf by:



Mrs A Jayachandran - Director


Save Properties Ltd (Registered number: 11871854)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 50% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2023 - NIL).

Save Properties Ltd (Registered number: 11871854)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 8,350 898 9,248
Additions 220 2,036 2,256
At 31 March 2024 8,570 2,934 11,504
DEPRECIATION
At 1 April 2023 3,641 796 4,437
Charge for year 958 815 1,773
At 31 March 2024 4,599 1,611 6,210
NET BOOK VALUE
At 31 March 2024 3,971 1,323 5,294
At 31 March 2023 4,709 102 4,811

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,009,034
Revaluations 11,064
At 31 March 2024 1,020,098
NET BOOK VALUE
At 31 March 2024 1,020,098
At 31 March 2023 1,009,034

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 13,485
Valuation in 2024 11,064
Cost 995,549
1,020,098

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 995,549 995,573
Aggregate depreciation (72,224 ) (51,638 )

Investment property was valued on an open market basis basis on 31 March 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 630 630

Save Properties Ltd (Registered number: 11871854)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 8,668 5,589
Other creditors 897,688 901,932
906,356 907,521

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 63,750 93,750

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 63,750 93,750

The bank loan is secured by way of a personal guarantee given by the directors.

10. RESERVES
Fair
value
reserve
£   
At 1 April 2023 10,923
Transfer 8,869

At 31 March 2024 19,792