Registered number
03349530
Saran UK Limited
Filleted Accounts
31 December 2023
Saran UK Limited
Registered number: 03349530
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 703,470 706,460
Investments 4 10,059 10,059
713,529 716,519
Current assets
Debtors 5 104,168 105,976
Creditors: amounts falling due within one year 6 (29,153) (34,268)
Net current assets 75,015 71,708
Total assets less current liabilities 788,544 788,227
Creditors: amounts falling due after more than one year 7 (154,344) (164,733)
Provisions for liabilities (70,036) (70,036)
Net assets 564,164 553,458
Capital and reserves
Called up share capital 10,002 10,002
Capital redemption reserve 3,334 3,334
Revaluation reserve 8 316,041 316,041
Profit and loss account 234,787 224,081
Shareholders' funds 564,164 553,458
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
O H Larson
Director Approved by the board on 30 April 2024
Saran UK Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings nil
Fixtures fittings and equipment over 4 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Fixtures fittings and equipment Total
£ £ £
Cost
At 1 January 2023 700,000 220,218 920,218
At 31 December 2023 700,000 220,218 920,218
Depreciation
At 1 January 2023 - 213,758 213,758
Charge for the year - 2,990 2,990
At 31 December 2023 - 216,748 216,748
Net book value
At 31 December 2023 700,000 3,470 703,470
At 31 December 2022 700,000 6,460 706,460
4 Investments
Other
investments
£
Cost
At 1 January 2023 10,059
At 31 December 2023 10,059
5 Debtors 2023 2022
£ £
Intercompany loan 5,653 7,461
Other debtors 98,515 98,515
104,168 105,976
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 17,447 17,123
Trade creditors 35 35
Taxation and social security costs 562 562
Directors loan 7,527 10,060
Other creditors 3,582 6,488
29,153 34,268
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 154,344 164,733
8 Revaluation reserve 2023 2022
£ £
At 1 January 2023 316,041 316,041
At 31 December 2023 316,041 316,041
9 Controlling party
The company is controlled by the directors.
10 Other information
Saran UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
11 North Place
Cheltenham
Glos
Saran UK Limited 03349530 false 2023-01-01 2023-12-31 2023-12-31 VT Final Accounts April 2024 O H Larson No description of principal activity 03349530 2022-01-01 2022-12-31 03349530 core:WithinOneYear 2022-12-31 03349530 core:AfterOneYear 2022-12-31 03349530 core:ShareCapital 2022-12-31 03349530 core:SharePremium 2022-12-31 03349530 core:OtherReservesSubtotal 2022-12-31 03349530 core:RetainedEarningsAccumulatedLosses 2022-12-31 03349530 core:RevaluationReserve 2021-12-31 03349530 2023-01-01 2023-12-31 03349530 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03349530 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03349530 bus:Director40 2023-01-01 2023-12-31 03349530 1 2023-01-01 2023-12-31 03349530 2 2023-01-01 2023-12-31 03349530 core:LandBuildings 2023-01-01 2023-12-31 03349530 core:PlantMachinery 2023-01-01 2023-12-31 03349530 countries:England 2023-01-01 2023-12-31 03349530 bus:FRS102 2023-01-01 2023-12-31 03349530 bus:FilletedAccounts 2023-01-01 2023-12-31 03349530 2023-12-31 03349530 core:WithinOneYear 2023-12-31 03349530 core:AfterOneYear 2023-12-31 03349530 core:ShareCapital 2023-12-31 03349530 core:SharePremium 2023-12-31 03349530 core:OtherReservesSubtotal 2023-12-31 03349530 core:RetainedEarningsAccumulatedLosses 2023-12-31 03349530 core:LandBuildings 2023-12-31 03349530 core:PlantMachinery 2023-12-31 03349530 core:RevaluationReserve 2023-12-31 03349530 2022-12-31 03349530 core:LandBuildings 2022-12-31 03349530 core:PlantMachinery 2022-12-31 03349530 core:RevaluationReserve 2022-12-31 iso4217:GBP xbrli:pure