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SAGOO PROPERTIES LTD

Unaudited Financial Statements

for the Year Ended 30 April 2024






SAGOO PROPERTIES LTD (REGISTERED NUMBER: 09346224)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4

Chartered Accountants' Report 5

SAGOO PROPERTIES LTD

Company Information
for the Year Ended 30 April 2024







DIRECTOR: S Sagoo



REGISTERED OFFICE: 4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH



REGISTERED NUMBER: 09346224 (England and Wales)



ACCOUNTANTS: Botros & Co
Chartered Accountants
4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH



BANKERS: Lloyds Bank plc
7th Floor
6/7 Park Row
Leeds
West Yorkshire
LS1 1NX

SAGOO PROPERTIES LTD (REGISTERED NUMBER: 09346224)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 248,307 4,421

CURRENT ASSETS
Debtors 5 27,473 69,477
Cash at bank and in hand 8,687 24,957
36,160 94,434
CREDITORS
Amounts falling due within one year 6 18,626 18,927
NET CURRENT ASSETS 17,534 75,507
TOTAL ASSETS LESS CURRENT
LIABILITIES

265,841

79,928

CREDITORS
Amounts falling due after more than one
year

7

202,935

28,768
NET ASSETS 62,906 51,160

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 62,806 51,060
SHAREHOLDERS' FUNDS 62,906 51,160

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 3 October 2024 and were signed by:





S Sagoo - Director


SAGOO PROPERTIES LTD (REGISTERED NUMBER: 09346224)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Sagoo Properties Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 - 6,500 1,200 7,700
Additions 244,888 - - 244,888
At 30 April 2024 244,888 6,500 1,200 252,588
DEPRECIATION
At 1 May 2023 - 2,479 800 3,279
Charge for year - 603 399 1,002
At 30 April 2024 - 3,082 1,199 4,281
NET BOOK VALUE
At 30 April 2024 244,888 3,418 1 248,307
At 30 April 2023 - 4,021 400 4,421

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 11,000 9,027
Grace & Tailor Ltd 16,473 58,000
Prepayments - 2,450
27,473 69,477

SAGOO PROPERTIES LTD (REGISTERED NUMBER: 09346224)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 11,232 11,232
Tax 2,970 4,805
Directors' loan accounts 1,859 150
Accrued expenses 2,565 2,740
18,626 18,927

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 17,935 28,768
Directors Loan 185,000 -
202,935 28,768

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary shares £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 May 2023 51,060
Profit for the year 11,746
At 30 April 2024 62,806

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Sagoo Properties Ltd


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 Sagoo Properties Ltd for the year ended 30 April 2024 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 Sagoo Properties Ltd in accordance with the terms of our engagement letter dated 8 December 2014. Our work has been undertaken solely to prepare for your approval the financial statements of Sagoo Properties Ltd and state those matters that we have agreed to state to the director of Sagoo Properties Ltd 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 Sagoo Properties Ltd and its director for our work or for this report.

It is your duty to ensure that Sagoo Properties Ltd 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 profit of Sagoo Properties Ltd. You consider that Sagoo Properties Ltd 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 Sagoo Properties Ltd. 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.






Botros & Co
Chartered Accountants
4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH


Date: .............................................