SAWN Properties Ltd
Statement of financial position
as at 29 February 2024
Investment property
215,988
185,000
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)
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
SAWN Properties Ltd
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
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
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).