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REGISTERED NUMBER: 05532634 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SAFFRON CAPITAL LIMITED

SAFFRON CAPITAL LIMITED (REGISTERED NUMBER: 05532634)

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


SAFFRON CAPITAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: R R Shah MSc FRICS





SECRETARIES: Mrs N Thanki
V B Vaghela





REGISTERED OFFICE: 55A Welbeck Street
London
W1G 9XQ





REGISTERED NUMBER: 05532634 (England and Wales)





ACCOUNTANTS: Arithma LLP
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

SAFFRON CAPITAL LIMITED (REGISTERED NUMBER: 05532634)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,305,944 2,113,409

CURRENT ASSETS
Debtors 5 5,610,292 4,097,149
Cash at bank 31,765 42,191
5,642,057 4,139,340
CREDITORS
Amounts falling due within one year 6 2,563,138 890,750
NET CURRENT ASSETS 3,078,919 3,248,590
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,384,863

5,361,999

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 5,384,862 5,361,998
SHAREHOLDERS' FUNDS 5,384,863 5,361,999

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 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.

SAFFRON CAPITAL LIMITED (REGISTERED NUMBER: 05532634)

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 director and authorised for issue on 17 September 2024 and were signed by:





R R Shah MSc FRICS - Director


SAFFRON CAPITAL LIMITED (REGISTERED NUMBER: 05532634)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Saffron Capital 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.

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS
The financial statements contain information about Saffron Capital Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

INVESTMENTS IN SUBSIDIARIES AND ASSOCIATES
Investments in subsidiary and associate undertakings are recognised at cost.

FIXED ASSET INVESTMENTS
Investments held as fixed assets are stated at cost less any provisions for impairment. Investments are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairments are calculated such that the carrying value of the fixed asset investment is the lower of its cost or recoverable amount. Recoverable amount is the higher of its net realisable value and its value-in-use.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in Interest
group in Other
undertakings associate investments Totals
£    £    £    £   
COST
At 1 January 2023 1,017,913 2 1,095,494 2,113,409
Additions 172,435 - 20,100 192,535
At 31 December 2023 1,190,348 2 1,115,594 2,305,944
NET BOOK VALUE
At 31 December 2023 1,190,348 2 1,115,594 2,305,944
At 31 December 2022 1,017,913 2 1,095,494 2,113,409

SAFFRON CAPITAL LIMITED (REGISTERED NUMBER: 05532634)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 2,405,631 2,288,788
Amounts owed by associates 539,498 539,498
Other debtors 2,665,163 1,268,863
5,610,292 4,097,149

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 869,764 870,764
Amounts owed to participating interests 13,376 13,376
Other creditors 1,532,199 10
Directors' current accounts 134,599 -
Accrued expenses 13,200 6,600
2,563,138 890,750

7. CONTROLLING PARTY

The company is controlled by Mr R R Shah by virtue of his shareholding.