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REGISTERED NUMBER: 09074530 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

SARACEN LONDON LTD

SARACEN LONDON LTD (REGISTERED NUMBER: 09074530)

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


SARACEN LONDON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mr B A Ranson





REGISTERED OFFICE: Unit 2.02
High Weald House
Glovers End
Bexhill on sea
East Sussex
TN39 5ES





REGISTERED NUMBER: 09074530 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

SARACEN LONDON LTD (REGISTERED NUMBER: 09074530)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47 70

CURRENT ASSETS
Debtors 5 177,032 179,187
Cash at bank 5 108
177,037 179,295
CREDITORS
Amounts falling due within one year 6 144,170 145,159
NET CURRENT ASSETS 32,867 34,136
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,914

34,206

CREDITORS
Amounts falling due after more than one year 7 19,573 28,857
NET ASSETS 13,341 5,349

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 13,241 5,249
SHAREHOLDERS' FUNDS 13,341 5,349

SARACEN LONDON LTD (REGISTERED NUMBER: 09074530)

BALANCE SHEET - continued
31 JANUARY 2024


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 director acknowledges his 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.

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 director and authorised for issue on 21 October 2024 and were signed by:





Mr B A Ranson - Director


SARACEN LONDON LTD (REGISTERED NUMBER: 09074530)

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


1. STATUTORY INFORMATION

Saracen London 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 33% on cost
Office Equipment - 33% on cost

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 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 1 (2023 - 1 ) .

SARACEN LONDON LTD (REGISTERED NUMBER: 09074530)

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


4. TANGIBLE FIXED ASSETS
Short Office
leasehold Equipment Totals
£    £    £   
Cost
At 1 February 2023
and 31 January 2024 27,775 28,267 56,042
Depreciation
At 1 February 2023 27,775 28,197 55,972
Charge for year - 23 23
At 31 January 2024 27,775 28,220 55,995
Net book value
At 31 January 2024 - 47 47
At 31 January 2023 - 70 70

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 177,032 179,187

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 9,067 9,710
Taxation and social security 6,425 4,300
Other creditors 118,678 121,149
144,170 145,159

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 19,573 28,857

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary 1 100 100

SARACEN LONDON LTD (REGISTERED NUMBER: 09074530)

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


9. RELATED PARTY DISCLOSURES

Included in "Other creditors" is a loan from Ranson (UK) Ltd to Saracen London Ltd amounting to £87,525 (2023: £87,027). Ranson (UK) Ltd is a company under the same ownership and control as Saracen London Ltd.

Included in "Other debtors" is a loan from Saracen London Ltd to Ranson Property Ltd amounting to £45,682 (2023:£47,428). Ranson Property Limited is a company under the same ownership and control as Saracen London Ltd.

Included in "Other debtors" is a loan from Saracen London Ltd to Howsmart Ltd amounting to £527 (2023: £527). Howsmart Limited is a company under the same ownership and control as Saracen London Ltd.

Included in "Other debtors" is a loan from Saracen London Ltd to Ranson Property Short Term Ltd amounting to £84,437 (2023: £86,157). Ranson Property Short Term Limited is a company under the same ownership and control as Saracen London Ltd.

As at balance sheet date amount owed from directors amount to £14,405 (2023: £13,092) which has been fully repaid within 9 months from the end of financial year.