IRIS Accounts Production v24.3.0.553 03600719 Board of Directors 1.4.23 31.3.24 31.3.24 true false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh036007192023-03-31036007192024-03-31036007192023-04-012024-03-31036007192022-03-31036007192022-04-012023-03-31036007192023-03-3103600719ns15:EnglandWales2023-04-012024-03-3103600719ns14:PoundSterling2023-04-012024-03-3103600719ns10:Director12023-04-012024-03-3103600719ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103600719ns10:SmallEntities2023-04-012024-03-3103600719ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3103600719ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103600719ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103600719ns10:FullAccounts2023-04-012024-03-310360071912023-04-012024-03-3103600719ns10:Director22023-04-012024-03-3103600719ns10:RegisteredOffice2023-04-012024-03-3103600719ns5:CurrentFinancialInstruments2024-03-3103600719ns5:CurrentFinancialInstruments2023-03-3103600719ns5:Non-currentFinancialInstruments2024-03-3103600719ns5:Non-currentFinancialInstruments2023-03-3103600719ns5:ShareCapital2024-03-3103600719ns5:ShareCapital2023-03-3103600719ns5:CapitalRedemptionReserve2024-03-3103600719ns5:CapitalRedemptionReserve2023-03-3103600719ns5:RetainedEarningsAccumulatedLosses2024-03-3103600719ns5:RetainedEarningsAccumulatedLosses2023-03-3103600719ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3103600719ns5:NetGoodwill2023-03-3103600719ns5:NetGoodwill2024-03-3103600719ns5:NetGoodwill2023-03-3103600719ns5:MotorVehicles2023-03-3103600719ns5:MotorVehicles2023-04-012024-03-3103600719ns5:MotorVehicles2024-03-3103600719ns5:MotorVehicles2023-03-3103600719ns5:CostValuation2024-03-3103600719ns5:Subsidiary12023-04-012024-03-31036007191ns5:Subsidiary12023-04-012024-03-3103600719ns5:Subsidiary12024-03-3103600719ns5:Subsidiary12023-03-3103600719ns5:Subsidiary12023-03-3103600719ns5:Subsidiary12022-04-012023-03-3103600719ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3103600719ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: 03600719 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SATYAN JEWELLERS LIMITED

SATYAN JEWELLERS LIMITED (REGISTERED NUMBER: 03600719)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SATYAN JEWELLERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs V Pala
S K Pala





REGISTERED OFFICE: 7 St John's Road
Harrow
Middlesex
HA1 2EY





REGISTERED NUMBER: 03600719 (England and Wales)





ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY

SATYAN JEWELLERS LIMITED (REGISTERED NUMBER: 03600719)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 40,551 50,689
Investments 6 760,000 760,000
Investment property 7 724,500 724,500
1,525,051 1,535,189

CURRENT ASSETS
Stocks 8 255,178 293,344
Debtors 9 5,406,703 5,774,586
Cash at bank 308,879 164,198
5,970,760 6,232,128
CREDITORS
Amounts falling due within one year 10 98,795 463,649
NET CURRENT ASSETS 5,871,965 5,768,479
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,397,016

7,303,668

CREDITORS
Amounts falling due after more than one year 11 (12,730 ) -

PROVISIONS FOR LIABILITIES (10,138 ) (5,850 )
NET ASSETS 7,374,148 7,297,818

CAPITAL AND RESERVES
Called up share capital 75,500 75,500
Capital redemption reserve 24,500 24,500
Retained earnings 7,274,148 7,197,818
SHAREHOLDERS' FUNDS 7,374,148 7,297,818

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

SATYAN JEWELLERS LIMITED (REGISTERED NUMBER: 03600719)

BALANCE SHEET - continued
31 MARCH 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 13 November 2024 and were signed on its behalf by:





S K Pala - Director


SATYAN JEWELLERS LIMITED (REGISTERED NUMBER: 03600719)

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

1. STATUTORY INFORMATION

Satyan Jewellers Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor Vehicle - 20% reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial assets and liabilities are recognised in the company's balance sheet when the company becomes a party to the contractual provisions of the instrument.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

SATYAN JEWELLERS LIMITED (REGISTERED NUMBER: 03600719)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investment in subsidiaries
Investment in subsidiaries are recognised at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 14,000
AMORTISATION
At 1 April 2023
and 31 March 2024 14,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 59,644
DEPRECIATION
At 1 April 2023 8,955
Charge for year 10,138
At 31 March 2024 19,093
NET BOOK VALUE
At 31 March 2024 40,551
At 31 March 2023 50,689

6. FIXED ASSET INVESTMENTS
Investment
in
Subsidiary
Compa ny
£   
COST
At 1 April 2023
and 31 March 2024 760,000
NET BOOK VALUE
At 31 March 2024 760,000
At 31 March 2023 760,000

SATYAN JEWELLERS LIMITED (REGISTERED NUMBER: 03600719)

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

6. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

BOUCHERNE LTD
Registered office: England
Nature of business: Residential care activities
%
Class of shares: holding
ORDINARY 100.00
30.9.23 30.9.22
£    £   
Aggregate capital and reserves 410,499 382,661
Profit for the year 20,669 27,838

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 724,500
NET BOOK VALUE
At 31 March 2024 724,500
At 31 March 2023 724,500

8. STOCKS
31.3.24 31.3.23
£    £   
Finished goods 255,178 293,344

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 163,903 880,047
Other debtors 5,242,800 4,894,539
5,406,703 5,774,586

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 32,614
Trade creditors 16,570 8,722
Taxation and social security 49,120 362,657
Other creditors 23,105 59,656
98,795 463,649

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 12,730 -

SATYAN JEWELLERS LIMITED (REGISTERED NUMBER: 03600719)

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

12. RELATED PARTY DISCLOSURES

Included in other debtors as at balance sheet date is an amount of £2,336,950 (2023: £3,006,950) due from Sona Enterprises Limited, a related company by virtue of common director and shareholder. The amount owed is interest free and there are no specific terms of repayment.

Also, included in other debtors as at balance sheet date is an amount of £2,905,000 (2023: £1,885,000) due from Abbeybeck Estates Ltd, a related company by virtue of common director and shareholder. The amount owed is interest free and there are no specific terms of repayment.

Included in other creditors as at balance sheet date is an amount of £15,300 (2023: £30,422) due to the directors of the company. There are no specific terms of repayment.