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REGISTERED NUMBER: 13211565 (England and Wales)















Unaudited Financial Statements For The Year Ended 29 February 2024

for

Santera Properties Ltd

Santera Properties Ltd (Registered number: 13211565)

Contents of the Financial Statements
For The Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Santera Properties Ltd

Company Information
For The Year Ended 29 February 2024







DIRECTORS: S S Ghandial
H K Ghandial





REGISTERED OFFICE: 46 Ivy House Road
Ickenham
Uxbridge
Middlesex
UB10 8NG





REGISTERED NUMBER: 13211565 (England and Wales)





ACCOUNTANTS: Ashwells Associates Limited
Chartered Certified Accountants
54a Church Road
Ashford
Middlesex
TW15 2TS

Santera Properties Ltd (Registered number: 13211565)

Balance Sheet
29 February 2024

29/2/24 28/2/23
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 520 396
Investment property 5 710,000 702,000
710,520 702,396

CURRENT ASSETS
Cash at bank 29,953 65,062

CREDITORS
Amounts falling due within one year 6 25,627 15,457
NET CURRENT ASSETS 4,326 49,605
TOTAL ASSETS LESS CURRENT
LIABILITIES

714,846

752,001

CREDITORS
Amounts falling due after more than one
year

7

(539,311

)

(591,817

)

PROVISIONS FOR LIABILITIES (33,158 ) (23,656 )
NET ASSETS 142,377 136,528

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 8 99,084 100,530
Retained earnings 42,293 34,998
142,377 136,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Santera Properties Ltd (Registered number: 13211565)

Balance Sheet - continued
29 February 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 26 November 2024 and were signed on its behalf by:





S S Ghandial - Director


Santera Properties Ltd (Registered number: 13211565)

Notes to the Financial Statements
For The Year Ended 29 February 2024


1. STATUTORY INFORMATION

Santera Properties 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 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.
Fixtures and fittings - 33% on reducing balance
Computer equipment - 33% on 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Santera Properties Ltd (Registered number: 13211565)

Notes to the Financial Statements - continued
For The Year Ended 29 February 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2023 887 - 887
Additions - 270 270
At 29 February 2024 887 270 1,157
DEPRECIATION
At 1 March 2023 491 - 491
Charge for year 131 15 146
At 29 February 2024 622 15 637
NET BOOK VALUE
At 29 February 2024 265 255 520
At 28 February 2023 396 - 396

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 702,000
Revaluations 8,000
At 29 February 2024 710,000
NET BOOK VALUE
At 29 February 2024 710,000
At 28 February 2023 702,000

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2023 702,000
Valuation in 2024 8,000
710,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
as restated
£    £   
Taxation and social security 1,695 6,056
Other creditors 23,932 9,401
25,627 15,457

Santera Properties Ltd (Registered number: 13211565)

Notes to the Financial Statements - continued
For The Year Ended 29 February 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29/2/24 28/2/23
as restated
£    £   
Bank loans 464,560 411,230
Other creditors 74,751 180,587
539,311 591,817

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 464,560 411,230

8. RESERVES
Fair
value
reserve
£   
At 1 March 2023 100,530
Transfer (1,446 )

At 29 February 2024 99,084

9. RELATED PARTY DISCLOSURES

Included in the creditors is an amount of £96,441 (2023 - £150,819) owed to the director of the company.