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REGISTERED NUMBER: 10691085 (England and Wales)









Unaudited Financial Statements

for the Year Ended

31 March 2024

for

SAU Residence Limited

SAU Residence Limited (Registered number: 10691085)






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

Report of the Accountants 6

SAU Residence Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Dr S Nagendran
Mrs A Nagendran





SECRETARY:





REGISTERED OFFICE: 55 New Road
North Runcton
King's Lynn
Norfolk
PE33 0QR





REGISTERED NUMBER: 10691085 (England and Wales)





ACCOUNTANTS: G A Services
10 Ash Grove
South Wootton
King's Lynn
Norfolk
PE30 3TS

SAU Residence Limited (Registered number: 10691085)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,167,494 1,167,494

CURRENT ASSETS
Cash at bank 5,204 8,096

CREDITORS
Amounts falling due within one year 5 143,943 147,420
NET CURRENT LIABILITIES (138,739 ) (139,324 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,028,755

1,028,170

CREDITORS
Amounts falling due after more than one
year

6

1,072,821

1,082,321
NET LIABILITIES (44,066 ) (54,151 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (44,166 ) (54,251 )
SHAREHOLDERS' FUNDS (44,066 ) (54,151 )

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.

SAU Residence Limited (Registered number: 10691085)

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 26 November 2024 and were signed on its behalf by:





Dr S Nagendran - Director


SAU Residence Limited (Registered number: 10691085)

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

1. STATUTORY INFORMATION

SAU Residence 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.

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.

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 NIL (2023 - NIL).

SAU Residence Limited (Registered number: 10691085)

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2023
and 31 March 2024 1,167,494
NET BOOK VALUE
At 31 March 2024 1,167,494
At 31 March 2023 1,167,494

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 1
Other creditors 143,943 147,419
143,943 147,420

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 608,321 608,321
Other creditors 464,500 474,000
1,072,821 1,082,321

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the end of the year the company owed the following amounts to the directors:

Dr S Nagendran - £71,954 Mrs A Nagendran - £71,509 totalling £143,463

2023

Dr S Nagendran - £73,692 Mrs A Nagendran - £73,248 totalling £146,940

This amount is made up primarily from personal monies invested into the business for the purpose of purchasing properties.

8. RELATED PARTY DISCLOSURES

Included in other loans is £474,000 loaned (2022 £474,000) from SAI Vision UK Ltd. This company is jointly owned by the directors of SAU Residence Ltd.This loan is repayable upon demand.

SAU Residence Limited

Report of the Accountants to the Directors of
SAU Residence Limited

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 March 2024 set out on page nil 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.






G A Services
10 Ash Grove
South Wootton
King's Lynn
Norfolk
PE30 3TS


26 November 2024