Silverfin false false 30/11/2023 01/12/2022 30/11/2023 Mr Zubin Saihan Mrs Carys Williams 30 August 2024 no description of principal activity 13752411 2023-11-30 13752411 core:CurrentFinancialInstruments 2023-11-30 13752411 core:CurrentFinancialInstruments 2022-11-30 13752411 2022-11-30 13752411 core:ShareCapital 2023-11-30 13752411 core:ShareCapital 2022-11-30 13752411 core:RetainedEarningsAccumulatedLosses 2023-11-30 13752411 core:RetainedEarningsAccumulatedLosses 2022-11-30 13752411 2022-12-01 2023-11-30 13752411 bus:FilletedAccounts 2022-12-01 2023-11-30 13752411 bus:SmallEntities 2022-12-01 2023-11-30 13752411 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 13752411 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13752411 bus:Director1 2022-12-01 2023-11-30 13752411 bus:Director2 2022-12-01 2023-11-30 13752411 2021-12-01 2022-11-30 iso4217:GBP xbrli:pure

Company No: 13752411 (England and Wales)

SAIHAN LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2023
Pages for filing with the registrar

SAIHAN LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2023

Contents

SAIHAN LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 November 2023
SAIHAN LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 November 2023
Note 2023 2022
£ £
Current assets
Debtors 3 905 3,939
Cash at bank and in hand 4 50,047 20,401
50,952 24,340
Creditors: amounts falling due within one year 5 ( 15,862) ( 9,761)
Net current assets 35,090 14,579
Total assets less current liabilities 35,090 14,579
Net assets 35,090 14,579
Capital and reserves
Called-up share capital 100 100
Profit and loss account 34,990 14,479
Total shareholders' funds 35,090 14,579

For the financial 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 financial statements of Saihan Limited (registered number: 13752411) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

Mr Zubin Saihan
Director

30 August 2024

SAIHAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
SAIHAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Saihan Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Larking Gowen 1st Floor Prospect House, Rouen Road, Norwich, NR1 1RE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Debtors

2023 2022
£ £
Trade debtors 905 3,939

4. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 50,047 20,401

5. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 5,374 1,808
Taxation and social security 4,811 3,523
Other creditors 5,677 4,430
15,862 9,761