Company Registration No. 13136782 (England and Wales)
SANGHA REAL ESTATE LTD
Unaudited accounts
for the year ended 31 January 2024
SANGHA REAL ESTATE LTD
Unaudited accounts
Contents
SANGHA REAL ESTATE LTD
Company Information
for the year ended 31 January 2024
Director
Dr Satveer Singh Sangha
Company Number
13136782 (England and Wales)
Registered Office
38 VINE LANE
HILLINGDON
UB10 0BA
UNITED KINGDOM
SANGHA REAL ESTATE LTD
Statement of financial position
as at 31 January 2024
Tangible assets
241,514
255,703
Cash at bank and in hand
64,804
137,666
Creditors: amounts falling due within one year
(174,410)
(322,086)
Net current liabilities
(108,986)
(180,176)
Total assets less current liabilities
132,528
75,527
Provisions for liabilities
Deferred tax
(7,790)
(10,886)
Called up share capital
100
100
Profit and loss account
124,638
64,541
Shareholders' funds
124,738
64,641
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 October 2024 and were signed on its behalf by
Dr Satveer Singh Sangha
Director
Company Registration No. 13136782
SANGHA REAL ESTATE LTD
Notes to the Accounts
for the year ended 31 January 2024
SANGHA REAL ESTATE LTD is a private company, limited by shares, registered in England and Wales, registration number 13136782. The registered office is 38 VINE LANE, HILLINGDON, UB10 0BA, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 January 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% per annum at cost
Fixtures & fittings
20% per annum at cost
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
213,134
49,077
21,870
284,081
At 31 January 2024
213,134
49,077
21,870
284,081
At 1 February 2023
-
19,630
8,748
28,378
Charge for the year
-
9,815
4,374
14,189
At 31 January 2024
-
29,445
13,122
42,567
At 31 January 2024
213,134
19,632
8,748
241,514
At 31 January 2023
213,134
29,447
13,122
255,703
SANGHA REAL ESTATE LTD
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Accrued income and prepayments
620
4,244
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
3,676
5,097
Taxes and social security
19,899
4,723
Loans from directors
120,560
294,694
7
Average number of employees
During the year the average number of employees was 7 (2023: 7).