IRIS Accounts Production v24.2.0.383 01984265 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh019842652023-03-31019842652024-03-31019842652023-04-012024-03-31019842652022-03-31019842652022-04-012023-03-31019842652023-03-3101984265ns15:EnglandWales2023-04-012024-03-3101984265ns14:PoundSterling2023-04-012024-03-3101984265ns10:Director12023-04-012024-03-3101984265ns10:Director22023-04-012024-03-3101984265ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3101984265ns10:SmallEntities2023-04-012024-03-3101984265ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3101984265ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3101984265ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3101984265ns10:FullAccounts2023-04-012024-03-3101984265ns10:RegisteredOffice2023-04-012024-03-3101984265ns5:CurrentFinancialInstruments2024-03-3101984265ns5:CurrentFinancialInstruments2023-03-3101984265ns5:ShareCapital2024-03-3101984265ns5:ShareCapital2023-03-3101984265ns5:RetainedEarningsAccumulatedLosses2024-03-3101984265ns5:RetainedEarningsAccumulatedLosses2023-03-3101984265ns5:LandBuildings2023-03-3101984265ns5:LandBuildings2023-04-012024-03-3101984265ns5:LandBuildings2024-03-3101984265ns5:LandBuildings2023-03-3101984265ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3101984265ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 01984265 (England and Wales)
















SAINI CONSTRUCTION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






SAINI CONSTRUCTION LIMITED (REGISTERED NUMBER: 01984265)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SAINI CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S.P.S. Saini
J.S. Saini





REGISTERED OFFICE: 21 Lodge Lane
Grays
Essex
RM17 5RY





REGISTERED NUMBER: 01984265 (England and Wales)





ACCOUNTANTS: CR Bland Baker Limited
Chartered Accountants
21 Lodge Lane
Grays
Essex
RM17 5RY

SAINI CONSTRUCTION LIMITED (REGISTERED NUMBER: 01984265)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,876,225 3,773,725

CURRENT ASSETS
Debtors 5 773 1,614
Cash at bank 12,243 10,460
13,016 12,074
CREDITORS
Amounts falling due within one year 6 66,213 59,991
NET CURRENT LIABILITIES (53,197 ) (47,917 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,823,028

3,725,808

PROVISIONS FOR LIABILITIES 851,200 524,900
NET ASSETS 2,971,828 3,200,908

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 2,971,726 3,200,806
SHAREHOLDERS' FUNDS 2,971,828 3,200,908

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SAINI CONSTRUCTION LIMITED (REGISTERED NUMBER: 01984265)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by:




S.P.S. Saini - Director



J.S. Saini - Director


SAINI CONSTRUCTION LIMITED (REGISTERED NUMBER: 01984265)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Saini Construction 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is not provided on the company's investment properties. This treatment may be a departure from the requirements of the Companies Act concerning depreciation of fixed assets. However these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the accounts to give a true and fair view. Depreciation or amortisation is only one of the many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified..

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

SAINI CONSTRUCTION LIMITED (REGISTERED NUMBER: 01984265)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 April 2023 3,773,725
Revaluations 102,500
At 31 March 2024 3,876,225
NET BOOK VALUE
At 31 March 2024 3,876,225
At 31 March 2023 3,773,725

Cost or valuation at 31 March 2024 is represented by:

Land and
buildings
£   
Valuation in 2010 1,190,000
Valuation in 2011 207,000
Valuation in 2013 2,000
Valuation in 2014 174,875
Valuation in 2015 47,216
Valuation in 2018 1,541,634
Valuation in 2023 611,000
Valuation in 2024 102,500
3,876,225

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 471,391 471,391

The investment properties were valued on an open market basis on 31 March 2024 by the directors .

The directors consider the above stated valuations to be appropriate at the balance sheet date.

SAINI CONSTRUCTION LIMITED (REGISTERED NUMBER: 01984265)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 773 1,614

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 37,000 30,000
Other creditors 29,213 29,991
66,213 59,991