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REGISTERED NUMBER: 01247861 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SAGOO & TAKHAR LIMITED

SAGOO & TAKHAR LIMITED (REGISTERED NUMBER: 01247861)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024




Page

Company Information 1

Income Statement 2

Other Comprehensive Income 3

Statement of Financial Position 4

Notes to the Financial Statements 6

Chartered Certified Accountants' Report 10

SAGOO & TAKHAR LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2024







DIRECTORS: P S TAKHAR
MRS. H SANDHU
A S Sagoo
Mrs S Attwal





SECRETARY: P S TAKHAR





REGISTERED OFFICE: 120 The Green
Southall
Middlesex
UB2 4BQ





REGISTERED NUMBER: 01247861 (England and Wales)





ACCOUNTANTS: Dawn & Co
35A High Street
Ruislip
Middlesex
HA4 7AU

SAGOO & TAKHAR LIMITED (REGISTERED NUMBER: 01247861)

INCOME STATEMENT
For The Year Ended 31 March 2024

31.3.24 31.3.23
Notes £    £   

REVENUE 1,440,620 1,289,424

Administrative expenses 268,764 252,491
OPERATING PROFIT 4 1,171,856 1,036,933

Interest receivable and similar income 13,992 5,091
1,185,848 1,042,024

Interest payable and similar expenses - 5,591
PROFIT BEFORE TAXATION 1,185,848 1,036,433

Tax on profit 5 297,587 193,757
PROFIT FOR THE FINANCIAL YEAR 888,261 842,676

SAGOO & TAKHAR LIMITED (REGISTERED NUMBER: 01247861)

OTHER COMPREHENSIVE INCOME
For The Year Ended 31 March 2024

31.3.24 31.3.23
Notes £    £   

PROFIT FOR THE YEAR 888,261 842,676


OTHER COMPREHENSIVE INCOME
Total comprehensive income
Income tax relating to other comprehensive
income

-

-
OTHER COMPREHENSIVE INCOME
FOR THE YEAR, NET OF INCOME TAX

-

-
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

888,261

842,676

SAGOO & TAKHAR LIMITED (REGISTERED NUMBER: 01247861)

STATEMENT OF FINANCIAL POSITION
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 7 9,338 13,838
Investment property 8 20,462,702 20,462,702
20,472,040 20,476,540

CURRENT ASSETS
Debtors 9 1,343,610 1,252,228
Cash at bank 1,363,720 727,904
2,707,330 1,980,132
CREDITORS
Amounts falling due within one year 10 665,196 350,759
NET CURRENT ASSETS 2,042,134 1,629,373
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,514,174

22,105,913

PROVISIONS FOR LIABILITIES 2,933,445 2,933,445
NET ASSETS 19,580,729 19,172,468

CAPITAL AND RESERVES
Called up share capital 60,000 60,000
Retained earnings 19,520,729 19,112,468
SHAREHOLDERS' FUNDS 19,580,729 19,172,468

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.

SAGOO & TAKHAR LIMITED (REGISTERED NUMBER: 01247861)

STATEMENT OF FINANCIAL POSITION - 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.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by:





P S TAKHAR - Director


SAGOO & TAKHAR LIMITED (REGISTERED NUMBER: 01247861)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

SAGOO & TAKHAR LIMITED 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 as modified by the revaluation of certain assets.

Turnover
Revenue 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 20% 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 2 (2023 - 2 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.3.24 31.3.23
£    £   
Depreciation - owned assets 4,500 4,500

SAGOO & TAKHAR LIMITED (REGISTERED NUMBER: 01247861)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.3.24 31.3.23
£    £   
Current tax:
UK corporation tax 297,587 193,757
Tax on profit 297,587 193,757

Tax effects relating to effects of other comprehensive income

There were no tax effects for the year ended 31 March 2024.

31.3.23
Gross Tax Net
£    £    £   
Total comprehensive income

6. DIVIDENDS
31.3.24 31.3.23
£    £   
Ordinary shares shares of £1 each
Final 480,000 480,000

7. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 57,253
DEPRECIATION
At 1 April 2023 43,415
Charge for year 4,500
At 31 March 2024 47,915
NET BOOK VALUE
At 31 March 2024 9,338
At 31 March 2023 13,838

SAGOO & TAKHAR LIMITED (REGISTERED NUMBER: 01247861)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024

7. PROPERTY, PLANT AND EQUIPMENT - continued

Cost or valuation at 31 March 2024 is represented by:

Fixtures
and
fittings
£   
Valuation in 2020 38,915
Cost 18,338
57,253

8. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 20,462,702
NET BOOK VALUE
At 31 March 2024 20,462,702
At 31 March 2023 20,462,702

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2020 13,219,589
Valuation in 2021 506,478
Valuation in 2022 6,410,933
Valuation in 2023 325,702
20,462,702

Investment property was valued on a fair value basis on 31 March 2024 by the directors .

9. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Other debtors 1,218,077 1,218,077

Amounts falling due after more than one year:
Trade debtors 125,533 34,151

Aggregate amounts 1,343,610 1,252,228

SAGOO & TAKHAR LIMITED (REGISTERED NUMBER: 01247861)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2024

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 4,000 -
Taxation and social security 301,572 194,645
Other creditors 359,624 156,114
665,196 350,759

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SAGOO & TAKHAR LIMITED

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 SAGOO & TAKHAR LIMITED for the year ended 31 March 2024 which comprise the Income Statement, Other Comprehensive Income, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of SAGOO & TAKHAR LIMITED, 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 SAGOO & TAKHAR LIMITED and state those matters that we have agreed to state to the Board of Directors of SAGOO & TAKHAR LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that SAGOO & TAKHAR LIMITED 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 SAGOO & TAKHAR LIMITED. You consider that SAGOO & TAKHAR LIMITED 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 SAGOO & TAKHAR LIMITED. 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.






Dawn & Co
35A High Street
Ruislip
Middlesex
HA4 7AU


19 August 2024