1 March 2023 false No description of principal activity Taxfiler 2024.5 13208457business:PrivateLimitedCompanyLtd2023-03-012024-02-29 132084572023-02-28 132084572023-03-012024-02-29 13208457business:AuditExempt-NoAccountantsReport2023-03-012024-02-29 13208457business:FilletedAccounts2023-03-012024-02-29 132084572024-02-29 132084572023-02-28 13208457core:WithinOneYear2024-02-29 13208457core:WithinOneYear2023-02-28 13208457core:AfterOneYear2024-02-29 13208457core:AfterOneYear2023-02-28 13208457core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 13208457core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 13208457core:RevaluationReservecore:PreviouslyStatedAmount2024-02-29 13208457core:RevaluationReservecore:PreviouslyStatedAmount2023-02-28 13208457core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 13208457core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 13208457core:PreviouslyStatedAmount2024-02-29 13208457core:PreviouslyStatedAmount2023-02-28 13208457business:SmallEntities2023-03-012024-02-29 13208457business:Director12023-03-012024-02-29 13208457countries:EnglandWales2023-03-012024-02-29 13208457business:RegisteredOffice2023-03-012024-02-29 132084572022-03-012023-02-28 iso4217:GBP xbrli:pure
SAWN Properties Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
215,988 
185,000 
Current assets
Cash at bank and in hand
4,992 
10,806 
Creditors: amounts falling due within one year
(61,262)
(61,220)
Net current liabilities
(56,270)
(50,414)
Total assets less current liabilities
159,718 
134,586 
Creditors: amounts falling due after more than one year
(125,631)
(125,631)
Provisions for liabilities
Deferred tax
(8,611)
(2,413)
Net assets
25,476 
6,542 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
35,781 
10,991 
Profit and loss account
(10,306)
(4,450)
Shareholders' funds
25,476 
6,542 
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 21 October 2024 and were signed on its behalf by
N Ali Director Company Registration No. 13208457
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SAWN Properties Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
SAWN Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 13208457. The registered office is 6 EMERSON ROAD, ILFORD, ESSEX, IG1 4XA, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2024 
£ 
Fair value at 1 March 2023
185,000 
Net gain from fair value adjustments
30,988 
At 29 February 2024
215,988 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
60,962 
60,962 
Accruals
300 
258 
61,262 
61,220 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
125,631 
125,631 
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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