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REGISTERED NUMBER: 10572634 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

SEARCH CLOUD LTD

SEARCH CLOUD LTD (Registered number: 10572634)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

SEARCH CLOUD LTD

Company Information
for the Year Ended 31 January 2024







DIRECTORS: R S Powar
R S Sahota





SECRETARY: R S Powar





REGISTERED OFFICE: 9 Quickthorns
Oadby
Leicester
Leicestershire
LE2 4EE





REGISTERED NUMBER: 10572634 (England and Wales)





ACCOUNTANTS: RT Accountancy Services Limited
3 Fernleigh Business Park
Blaby Road
Enderby
Leicester
Leicestershire
LE19 4AQ

SEARCH CLOUD LTD (Registered number: 10572634)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 360,000 360,000

CURRENT ASSETS
Debtors 5 40,427 40,477
Cash at bank and in hand 5,852 9,812
46,279 50,289
CREDITORS
Amounts falling due within one year 6 (79,851 ) (80,089 )
NET CURRENT LIABILITIES (33,572 ) (29,800 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

326,428

330,200

CREDITORS
Amounts falling due after more than one
year

7

(171,233

)

(176,410

)

PROVISIONS FOR LIABILITIES (26,873 ) (26,873 )
NET ASSETS 128,322 126,917

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 128,318 126,913
128,322 126,917

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.

SEARCH CLOUD LTD (Registered number: 10572634)

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.

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 29 October 2024 and were signed on its behalf by:





R S Powar - Director


SEARCH CLOUD LTD (Registered number: 10572634)

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

1. STATUTORY INFORMATION

SEARCH CLOUD LTD 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.

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.

Turnover
Turnover comprises of rents received.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

SEARCH CLOUD LTD (Registered number: 10572634)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 360,000
NET BOOK VALUE
At 31 January 2024 360,000
At 31 January 2023 360,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2021 310,562
Valuation in 2022 49,438
360,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 40,427 40,477

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,178 11,178
Trade creditors 6,291 450
Taxation and social security 329 1,578
Other creditors 62,053 66,883
79,851 80,089

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 171,233 176,410

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 171,233 176,410

SEARCH CLOUD LTD

Report of the Accountants to the Directors of
SEARCH CLOUD LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2024 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






RT Accountancy Services Limited
3 Fernleigh Business Park
Blaby Road
Enderby
Leicester
Leicestershire
LE19 4AQ


29 October 2024