Registered number
12925609
SANALISH LTD
Filleted Accounts
30 April 2024
SANALISH LTD
Registered number: 12925609
Balance Sheet
as at 30 April 2024
Notes 2024 2022
£ £
Fixed assets
Tangible assets 3 1,900,000 487,882
Current assets
Cash at bank and in hand 42,802 94,913
Creditors: amounts falling due within one year 4 (761,098) (154,391)
Net current liabilities (718,296) (59,478)
Total assets less current liabilities 1,181,704 428,404
Creditors: amounts falling due after more than one year 5 (674,843) (476,939)
Provisions for liabilities (125,751) -
Net assets/(liabilities) 381,110 (48,535)
Capital and reserves
Called up share capital (100) (100)
Revaluation reserve 6 473,063 -
Profit and loss account (91,853) (48,435)
Shareholders' funds 381,110 (48,535)
The director is 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 director acknowledges her 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.
Illyas Bux Yusuf
Director
Approved by the board on 19 August 2024
SANALISH LTD
Notes to the Accounts
for the period from 1 November 2022 to 30 April 2024
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 No depreciation
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 November 2022 487,882
Additions 813,304
Surplus on revaluation 598,814
At 30 April 2024 1,900,000
Depreciation
At 30 April 2024 -
Net book value
At 30 April 2024 1,900,000
At 31 October 2022 487,882
4 Creditors: amounts falling due within one year 2024 2022
£ £
Other creditors 761,098 154,391
5 Creditors: amounts falling due after one year 2024 2022
£ £
Bank loans 69 -
Other creditors 674,774 476,939
674,843 476,939
6 Revaluation reserve 2024 2022
£ £
Gain on revaluation of land and buildings 598,814 -
Deferred taxation arising on the revaluation of land and buildings (125,751) -
At 30 April 2024 473,063 -
7 Other information
SANALISH LTD is a private company limited by shares and incorporated in England. Its registered office is:
47-49 New Hall Lane
Preston
PR1 5NY
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