Company Registration No. 11881853 (England and Wales)
SA ASSETS LTD
Unaudited accounts
for the year ended 29 February 2024
SA ASSETS LTD
Unaudited accounts
Contents
SA ASSETS LTD
Company Information
for the year ended 29 February 2024
Company Number
11881853 (England and Wales)
Registered Office
Flat 2, 28 Redbridge Lane West
Wanstead
London
E11 2JU
Accountants
Taxez
5 South Charlotte Street
Edinburgh
EH2 4AN
SA ASSETS LTD
Statement of financial position
as at 29 February 2024
Tangible assets
249,808
249,808
Cash at bank and in hand
1,905
40,042
Creditors: amounts falling due within one year
(45,055)
(85,793)
Net current liabilities
(43,150)
(45,751)
Total assets less current liabilities
206,658
204,057
Creditors: amounts falling due after more than one year
(170,363)
(169,682)
Called up share capital
1
1
Revaluation reserve
32,860
32,860
Profit and loss account
3,434
1,514
Shareholders' funds
36,295
34,375
For the year ending 29 February 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 3 October 2024 and were signed on its behalf by
Stefano Aurino
Director
Company Registration No. 11881853
SA ASSETS LTD
Notes to the Accounts
for the year ended 29 February 2024
SA ASSETS LTD is a private company, limited by shares, registered in England and Wales, registration number 11881853. The registered office is Flat 2, 28 Redbridge Lane West, Wanstead, London, E11 2JU.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover includes revenue earned from property rental and is recognised when receivable from the tenant.
Tangible fixed assets and depreciation
Tangible assets include land and buildings only. No depreciation is charged on land and buildings.
4
Tangible fixed assets
Land & buildings
At 29 February 2024
249,808
At 29 February 2024
249,808
At 28 February 2023
249,808
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
450
615
Loans from directors
44,246
84,819
SA ASSETS LTD
Notes to the Accounts
for the year ended 29 February 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
168,092
168,092
Other creditors
2,271
1,590
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).