0 false false false false false false false false false true false false false false true true No description of principal activity 2022-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 350,000 350,000 350,000 xbrli:pure xbrli:shares iso4217:GBP 05482559 2022-12-01 2023-11-30 05482559 2023-11-30 05482559 2022-11-30 05482559 2021-12-01 2022-11-30 05482559 2022-11-30 05482559 2021-11-30 05482559 core:LandBuildings core:LongLeaseholdAssets 2022-12-01 2023-11-30 05482559 core:PlantMachinery 2022-12-01 2023-11-30 05482559 core:FurnitureFittings 2022-12-01 2023-11-30 05482559 bus:Director2 2022-12-01 2023-11-30 05482559 core:LandBuildings 2022-11-30 05482559 core:PlantMachinery 2022-11-30 05482559 core:FurnitureFittings 2022-11-30 05482559 core:LandBuildings 2023-11-30 05482559 core:PlantMachinery 2023-11-30 05482559 core:FurnitureFittings 2023-11-30 05482559 core:WithinOneYear 2023-11-30 05482559 core:WithinOneYear 2022-11-30 05482559 core:ShareCapital 2023-11-30 05482559 core:ShareCapital 2022-11-30 05482559 core:RetainedEarningsAccumulatedLosses 2023-11-30 05482559 core:RetainedEarningsAccumulatedLosses 2022-11-30 05482559 core:CostValuation core:Non-currentFinancialInstruments 2023-11-30 05482559 core:Non-currentFinancialInstruments 2023-11-30 05482559 core:Non-currentFinancialInstruments 2022-11-30 05482559 core:LandBuildings 2022-11-30 05482559 core:PlantMachinery 2022-11-30 05482559 core:FurnitureFittings 2022-11-30 05482559 bus:SmallEntities 2022-12-01 2023-11-30 05482559 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 05482559 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 05482559 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 05482559 bus:FullAccounts 2022-12-01 2023-11-30
COMPANY REGISTRATION NUMBER: 05482559
SAREAN UK LIMITED
Filleted Unaudited Financial Statements
30 November 2023
SAREAN UK LIMITED
Statement of Financial Position
30 November 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
4
3,798
7,624
Investments
5
350,000
350,000
---------
---------
353,798
357,624
Current assets
Debtors
6
2,728,082
2,787,556
Cash at bank and in hand
47,829
57,625
------------
------------
2,775,911
2,845,181
Creditors: amounts falling due within one year
7
102,127
156,632
------------
------------
Net current assets
2,673,784
2,688,549
------------
------------
Total assets less current liabilities
3,027,582
3,046,173
------------
------------
Net assets
3,027,582
3,046,173
------------
------------
Capital and reserves
Called up share capital
100
100
Profit and loss account
3,027,482
3,046,073
------------
------------
Shareholders funds
3,027,582
3,046,173
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SAREAN UK LIMITED
Statement of Financial Position (continued)
30 November 2023
These financial statements were approved by the board of directors and authorised for issue on 28 August 2024 , and are signed on behalf of the board by:
Saroj Shah
Director
Company registration number: 05482559
SAREAN UK LIMITED
Notes to the Financial Statements
Year ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35-35A Great Cumberland Place, Marble Arch, London, W1H 8DJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold
-
25% straight line
Plant and machinery
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Tangible assets
Land and buildings
Plant and machinery
Fixtures and fittings
Total
£
£
£
£
Cost
At 1 December 2022 and 30 November 2023
90,091
1,451
135,995
227,537
--------
-------
---------
---------
Depreciation
At 1 December 2022
90,090
1,409
128,414
219,913
Charge for the year
35
3,791
3,826
--------
-------
---------
---------
At 30 November 2023
90,090
1,444
132,205
223,739
--------
-------
---------
---------
Carrying amount
At 30 November 2023
1
7
3,790
3,798
--------
-------
---------
---------
At 30 November 2022
1
42
7,581
7,624
--------
-------
---------
---------
5. Investments
Shares in participating interests
£
Cost
At 1 December 2022 and 30 November 2023
350,000
---------
Impairment
At 1 December 2022 and 30 November 2023
---------
Carrying amount
At 30 November 2023
350,000
---------
At 30 November 2022
350,000
---------
The company owns 100% of the issued share capital of the companies listed below,
2023
2022
£
£
Aggregate capital and reserves as at 28/02/2023
Rutland Court Investments Limited
443,288
(449,651)
Profit and (loss) for the year 28/02/2023
Rutland Court Investments Limited
(6,363)
(78,386)
6. Debtors
2023
2022
£
£
Trade debtors
33,916
Amounts owed by group undertakings and undertakings in which the company has a participating interest
2,663,122
2,663,122
Other debtors
31,044
124,434
------------
------------
2,728,082
2,787,556
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
153,632
Other creditors
102,127
3,000
---------
---------
102,127
156,632
---------
---------
8. Related party transactions
The company was under the control of Saroj Shah at the year-end. Saroj Shah is also the managing director. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102.