2022-12-01 2023-11-30 false Capium Accounts Production 1.1 12313901 bus:AbridgedAccounts 2022-12-01 2023-11-30 12313901 bus:Micro-entities 2022-12-01 2023-11-30 12313901 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 12313901 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 12313901 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12313901 2022-12-01 2023-11-30 12313901 2023-11-30 12313901 bus:RegisteredOffice 2022-12-01 2023-11-30 12313901 core:WithinOneYear 2023-11-30 12313901 core:AfterOneYear 2023-11-30 12313901 bus:Director1 2022-12-01 2023-11-30 12313901 bus:Director1 2023-11-30 12313901 bus:Director1 2021-12-01 2022-11-30 12313901 2021-12-01 12313901 bus:LeadAgentIfApplicable 2022-12-01 2023-11-30 12313901 2021-12-01 2022-11-30 12313901 2022-11-30 12313901 core:WithinOneYear 2022-11-30 12313901 core:AfterOneYear 2022-11-30 12313901 bus:EntityAccountantsOrAuditors 2021-12-01 2022-11-30 12313901 core:LandBuildings 2022-12-01 2023-11-30 12313901 core:LandBuildings 2023-11-30 12313901 core:LandBuildings 2022-11-30 12313901 core:PlantMachinery 2022-12-01 2023-11-30 12313901 core:PlantMachinery 2023-11-30 12313901 core:PlantMachinery 2022-11-30 12313901 core:ComputerEquipment 2022-12-01 2023-11-30 12313901 core:ComputerEquipment 2023-11-30 12313901 core:ComputerEquipment 2022-11-30 12313901 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-11-30 12313901 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-11-30 12313901 core:CostValuation core:Non-currentFinancialInstruments 2023-11-30 12313901 core:CostValuation core:Non-currentFinancialInstruments 2022-11-30 12313901 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-11-30 12313901 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-11-30 12313901 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-11-30 12313901 core:Non-currentFinancialInstruments 2023-11-30 12313901 core:Non-currentFinancialInstruments 2022-11-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 12313901
England and Wales

 

 

 

SAAHI PROPERTIES LTD


Abridged Accounts
 


Period of accounts

Start date: 01 December 2022

End date: 30 November 2023
  2023   2022
    £ £   £ £
Fixed assets   1,201,770      966,911 
Current assets 50,313      335   
Creditors: amount falling due within one year (829,539)     (670,212)  
Net current assets   (779,226)     (669,877)
Total assets less current liabilities   422,544      297,034 
Creditors: amount falling due after more than one year   (582,580)     (399,250)
Net assets   (160,036)     (102,216)
 

         
Capital and reserves   (160,036)     (102,216)
 
NOTES TO THE ACCOUNTS

General Information
Saahi Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 12313901, registration address 653 London Road, Alvaston, Derby, DE24 8UQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover represents the amount (excluding value added tax) of completed property sales. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the company will receive the agreed upon payment.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Stocks
Stock and work in progress is valued at the lower of cost and net realisable value. Cost represents the purchase price of land and development costs. Net realisable value is based on the estimated selling price less further costs expected to be incurred in completion and disposal.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the director on 28 August 2024 and were signed by:


--------------------------------
Prasad Kumar Hegde
Director
1