Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 13153406 Mrs Rejani Mohan Raju Mr Prasanth Vayalathra Thankappan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13153406 2023-01-31 13153406 2024-01-31 13153406 2023-02-01 2024-01-31 13153406 frs-core:CurrentFinancialInstruments 2024-01-31 13153406 frs-core:Non-currentFinancialInstruments 2024-01-31 13153406 frs-core:InvestmentPropertyIncludedWithinPPE 2024-01-31 13153406 frs-core:InvestmentPropertyIncludedWithinPPE 2023-01-31 13153406 frs-core:ShareCapital 2024-01-31 13153406 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 13153406 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13153406 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 13153406 frs-bus:SmallEntities 2023-02-01 2024-01-31 13153406 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13153406 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13153406 frs-bus:Director1 2023-02-01 2024-01-31 13153406 frs-bus:Director2 2023-02-01 2024-01-31 13153406 frs-countries:EnglandWales 2023-02-01 2024-01-31 13153406 2022-01-31 13153406 2023-01-31 13153406 2022-02-01 2023-01-31 13153406 frs-core:CurrentFinancialInstruments 2023-01-31 13153406 frs-core:Non-currentFinancialInstruments 2023-01-31 13153406 frs-core:ShareCapital 2023-01-31 13153406 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 13153406
Saffron City Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13153406
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 313,000 309,000
313,000 309,000
CURRENT ASSETS
Debtors 5 100 100
Cash at bank and in hand 14,519 18,037
14,619 18,137
Creditors: Amounts Falling Due Within One Year 6 (85,295 ) (83,348 )
NET CURRENT ASSETS (LIABILITIES) (70,676 ) (65,211 )
TOTAL ASSETS LESS CURRENT LIABILITIES 242,324 243,789
Creditors: Amounts Falling Due After More Than One Year 7 (198,200 ) (208,200 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,436 ) (5,676 )
NET ASSETS 37,688 29,913
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 37,588 29,813
SHAREHOLDERS' FUNDS 37,688 29,913
Page 1
Page 2
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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Rejani Mohan Raju
Director
07/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Saffron City Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13153406 . The registered office is 1 Hart Close, Longstanton, Cambridge, CB24 3EX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. The fair value of property was obtained from an online property resource company and has not been based on a valuation by an independent valuer with a professional qualification.
Changes in fair value are recognised in the profit and loss account.
2.4. Deferred Tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2.5. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the period was as follows:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 February 2023 309,000
Revaluation 4,000
As at 31 January 2024 313,000
Net Book Value
As at 31 January 2024 313,000
As at 1 February 2023 309,000
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 100 100
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 1,064 1,317
Other creditors 133 133
Accruals and deferred income - 7,800
Directors' loan accounts 84,098 74,098
85,295 83,348
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 198,200 208,200
8. Secured Creditors
Of the creditors falling due within and after more than one year the following amount is secured by a fixed charge over the investment property. The mortgage is interest only with a term of 25 years
2024 2023
£ £
Bank loans and overdrafts 198,200 208,200
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4