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REGISTERED NUMBER: 08727179 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

Sanfig Limited

Sanfig Limited (Registered number: 08727179)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Sanfig Limited

COMPANY INFORMATION
for the Year Ended 31 October 2023







DIRECTOR: Mr S Pi-Figueras





REGISTERED OFFICE: Units SCF 1 & 2
Western International Market
Hayes Road
Southall
Middlesex
UB2 5XJ





REGISTERED NUMBER: 08727179 (England and Wales)





ACCOUNTANTS: Cooper Dawn Jerrom Limited
Chartered Accountants
Units SCF 1 & 2
Western International Market
Hayes Road
Southall
Middlesex
UB2 5XJ

Sanfig Limited (Registered number: 08727179)

BALANCE SHEET
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,091,912 2,220,944

CURRENT ASSETS
Debtors 5 817,660 856,775
Prepayments and accrued income 170,859 164,352
Cash at bank 21,836 55,716
1,010,355 1,076,843
CREDITORS
Amounts falling due within one year 6 189,915 344,695
NET CURRENT ASSETS 820,440 732,148
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,912,352

2,953,092

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,912,252 2,952,992
SHAREHOLDERS' FUNDS 2,912,352 2,953,092

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





Mr S Pi-Figueras - Director


Sanfig Limited (Registered number: 08727179)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Sanfig 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS

31.10.23 31.10.22
£    £   
Other investments not loans 2,091,912 2,220,944

Additional information is as follows:
Other
investments
£   
COST
At 1 November 2022 2,129,032
Disposals (129,032 )
At 31 October 2023 2,000,000
NET BOOK VALUE
At 31 October 2023 2,000,000
At 31 October 2022 2,129,032

Investments (neither listed nor unlisted) were as follows:
31.10.23 31.10.22
£    £   
2,750 PIMCO GBL Invrs 21,264 21,264



5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 817,660 856,775

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 121,550 321,463
Taxation and social security 5 5
Other creditors 68,360 23,227
189,915 344,695

Sanfig Limited (Registered number: 08727179)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

7. RELATED PARTY DISCLOSURES

At the year end, the company was owed £655,706 (2022 - £655,706) from Sajama Investment S.L, in which Mr S Pi-Figueras has a vested interest. Loans are repayable on demand and accrue interest at 2.5% per annum. Included in other debtors is £5,639 (2022: £5,639), owing by the director, Mr S Pi-Figueras.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S Pi-Figueras.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SANFIG LIMITED

The following reproduces the text of the report prepared for the director 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director 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 Sanfig Limited for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Sanfig Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sanfig Limited and state those matters that we have agreed to state to the director of Sanfig Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sanfig Limited and its director for our work or for this report.

It is your duty to ensure that Sanfig 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 loss of Sanfig Limited. You consider that Sanfig 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 Sanfig 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.






Cooper Dawn Jerrom Limited
Chartered Accountants
Units SCF 1 & 2
Western International Market
Hayes Road
Southall
Middlesex
UB2 5XJ


31 July 2024