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REGISTERED NUMBER: 03912491 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Sirae Limited

Sirae Limited (Registered number: 03912491)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Sirae Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: N P Williamson
Mrs D Williamson





REGISTERED OFFICE: 2 Wyevale Business Park
Kings Acre
Hereford
Herefordshire
HR4 7BS





REGISTERED NUMBER: 03912491 (England and Wales)





ACCOUNTANTS: Thorne Widgery Accountancy Ltd
Chartered Accountants
2 Wyevale Business Park
Kings Acre
Hereford
Herefordshire
HR4 7BS

Sirae Limited (Registered number: 03912491)

Abridged Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 17,507 22,930
Investments 5 1,186,045 873,750
1,203,552 896,680

CURRENT ASSETS
Debtors 497 372
Cash at bank 97,466 430,558
97,963 430,930
CREDITORS
Amounts falling due within one year (8,071 ) (2,000 )
NET CURRENT ASSETS 89,892 428,930
TOTAL ASSETS LESS CURRENT LIABILITIES 1,293,444 1,325,610

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,293,344 1,325,510
SHAREHOLDERS' FUNDS 1,293,444 1,325,610

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Sirae Limited (Registered number: 03912491)

Abridged Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by:




Mrs D Williamson - Director



N P Williamson - Director


Sirae Limited (Registered number: 03912491)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Sirae 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 provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

Sirae Limited (Registered number: 03912491)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023
and 31 January 2024 53,998
DEPRECIATION
At 1 February 2023 31,068
Charge for year 5,423
At 31 January 2024 36,491
NET BOOK VALUE
At 31 January 2024 17,507
At 31 January 2023 22,930

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 February 2023 873,750
Additions 1,422,515
Disposals (1,110,813 )
Revaluations 593
At 31 January 2024 1,186,045
NET BOOK VALUE
At 31 January 2024 1,186,045
At 31 January 2023 873,750

Cost or valuation at 31 January 2024 is represented by:
Totals
£   
Valuation in 2024 1,186,045