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REGISTERED NUMBER: SC584230 (Scotland)





















Unaudited Financial Statements

For The Year Ended 31 December 2023

for

Saa Property Ltd

Saa Property Ltd (Registered number: SC584230)






Contents of the Financial Statements
For The Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Saa Property Ltd

Company Information
For The Year Ended 31 December 2023







DIRECTORS: S P Ford
A N Macintyre
A E Mackay





REGISTERED OFFICE: 1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH





REGISTERED NUMBER: SC584230 (Scotland)





ACCOUNTANTS: Atkinson Donnelly LLP
1 Cambuslang Court
Cambuslang
Glasgow
Strathclyde
G32 8FH

Saa Property Ltd (Registered number: SC584230)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 547,402 470,917

CURRENT ASSETS
Debtors 5 3,197 1,719
Cash at bank 41,824 13,422
45,021 15,141
CREDITORS
Amounts falling due within one year 6 285,608 161,140
NET CURRENT LIABILITIES (240,587 ) (145,999 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

306,815

324,918

CREDITORS
Amounts falling due after more than one
year

7

(364,219

)

(272,800

)

PROVISIONS FOR LIABILITIES 9 - (717 )
NET (LIABILITIES)/ASSETS (57,404 ) 51,401

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings (57,407 ) 51,398
SHAREHOLDERS' FUNDS (57,404 ) 51,401

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

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

The directors acknowledge their 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.

Saa Property Ltd (Registered number: SC584230)

Balance Sheet - continued
31 December 2023


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 Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





A N Macintyre - Director


Saa Property Ltd (Registered number: SC584230)

Notes to the Financial Statements
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

Saa Property Ltd is a private company, limited by shares , registered in Scotland. 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.

The accounts have been prepared on the going concern basis on the understanding that the company will continue to be financially supported by it's directors and other lenders.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Short leasehold - in accordance with the property
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% on cost

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and Bank Balances
Cash and bank balances are measured at the transaction price.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Saa Property Ltd (Registered number: SC584230)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST
At 1 January 2023 476,635 - 1,212
Additions - 142,284 586
At 31 December 2023 476,635 142,284 1,798
DEPRECIATION
At 1 January 2023 9,491 - 242
Charge for year 9,532 71,142 360
At 31 December 2023 19,023 71,142 602
NET BOOK VALUE
At 31 December 2023 457,612 71,142 1,196
At 31 December 2022 467,144 - 970

Saa Property Ltd (Registered number: SC584230)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 3,297 - 481,144
Additions 14,904 3,003 160,777
At 31 December 2023 18,201 3,003 641,921
DEPRECIATION
At 1 January 2023 494 - 10,227
Charge for year 2,657 601 84,292
At 31 December 2023 3,151 601 94,519
NET BOOK VALUE
At 31 December 2023 15,050 2,402 547,402
At 31 December 2022 2,803 - 470,917

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 764 762
Other debtors 2,433 957
3,197 1,719

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 22,149 13,155
Trade creditors 380 -
Taxation and social security 5,956 1,891
Other creditors 257,123 146,094
285,608 161,140

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 364,219 272,800

Saa Property Ltd (Registered number: SC584230)

Notes to the Financial Statements - continued
For The Year Ended 31 December 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 355,894 168,215
- 83,113
355,894 251,328

The Royal Bank of Scotland holds a floating charge over all of the property and undertaking of the company.

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax - 717

Deferred
tax
£   
Balance at 1 January 2023 717
Provided during year (717 )
Balance at 31 December 2023 -