Registered number
12500202
SAMRAA PROPERTIES LTD
Filleted Accounts
29 February 2024
SAMRAA PROPERTIES LTD
Registered number: 12500202
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 509,047 182,557
Current assets
Investments held as current assets 4 20,830 -
Cash at bank and in hand 46,818 96,697
67,648 96,697
Creditors: amounts falling due within one year 5 (144,970) (120,472)
Net current liabilities (77,322) (23,775)
Total assets less current liabilities 431,725 158,782
Creditors: amounts falling due after more than one year 6 (409,790) (149,800)
Net assets 21,935 8,982
Capital and reserves
Called up share capital 100 100
Profit and loss account 21,835 8,882
Shareholders' funds 21,935 8,982
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Salmin Saleh Aseri
Director
Approved by the board on 1 October 2024
SAMRAA PROPERTIES LTD
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land & buildings
Plant and machinery 20% straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 March 2023 181,692 1,442 183,134
Additions 323,978 2,800 326,778
At 29 February 2024 505,670 4,242 509,912
Depreciation
At 1 March 2023 - 577 577
Charge for the year - 288 288
At 29 February 2024 - 865 865
Net book value
At 29 February 2024 505,670 3,377 509,047
At 28 February 2023 181,692 865 182,557
4 Investments held as current assets 2024 2023
£ £
Fair value
Listed investments 20,830 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 2,449 1,099
Other creditors 142,521 119,373
144,970 120,472
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 409,790 149,800
7 Other information
SAMRAA PROPERTIES LTD is a private company limited by shares and incorporated in England. Its registered office is:
Suite 1, Parkway 5
Parkway Business Centre
300 Princess Road
Manchester
M14 7 HR
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