1 January 2023 false No description of principal activity Taxfiler 2024.6 10528149business:PrivateLimitedCompanyLtd2023-01-012023-08-31 105281492022-12-31 105281492023-01-012023-08-31 10528149business:AuditExempt-NoAccountantsReport2023-01-012023-08-31 10528149business:FilletedAccounts2023-01-012023-08-31 105281492023-08-31 10528149business:Director12023-01-012023-08-31 10528149business:RegisteredOffice2023-01-012023-08-31 105281492022-12-31 10528149core:WithinOneYear2023-08-31 10528149core:WithinOneYear2022-12-31 10528149core:AfterOneYear2023-08-31 10528149core:AfterOneYear2022-12-31 10528149core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 10528149core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 10528149core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 10528149core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 10528149core:PreviouslyStatedAmount2023-08-31 10528149core:PreviouslyStatedAmount2022-12-31 10528149business:SmallEntities2023-01-012023-08-31 10528149countries:EnglandWales2023-01-012023-08-31 10528149core:ComputerEquipment2023-01-012023-08-31 10528149core:IntangibleAssetsOtherThanGoodwill2022-12-31 10528149core:IntangibleAssetsOtherThanGoodwill2023-01-012023-08-31 10528149core:IntangibleAssetsOtherThanGoodwill2023-08-31 10528149core:ComputerEquipment2022-12-31 10528149core:ComputerEquipment2023-08-31 10528149core:DisposalsRepaymentsInvestments2023-08-31 105281492022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 10528149 (England and Wales)
SAIGA PROPERTY LTD Unaudited accounts for the period from 1 January 2023 to 31 August 2023
SAIGA PROPERTY LTD Unaudited accounts Contents
Page
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SAIGA PROPERTY LTD Company Information for the period from 1 January 2023 to 31 August 2023
Director
Muhammad Abubakar Khan
Company Number
10528149 (England and Wales)
Registered Office
UNIT C1 A POOLE HALL ROAD INDUSTRIAL ESTATE ELLESMERE PORT CH66 1ST ENGLAND
Accountants
PRIME ACCOUNTANTS 10 LOCKWOOD HOUSE LOCKWOOD PARK HUDDERSFIELD HD4 6EN
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SAIGA PROPERTY LTD Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
24,334 
28,298 
Tangible assets
1,485 
2,358 
Investment property
1,104,999 
1,026,256 
Investments
- 
100 
1,130,818 
1,057,012 
Current assets
Debtors
630,736 
592,723 
Cash at bank and in hand
2,156 
798 
632,892 
593,521 
Creditors: amounts falling due within one year
(14,694)
(18,288)
Net current assets
618,198 
575,233 
Total assets less current liabilities
1,749,016 
1,632,245 
Creditors: amounts falling due after more than one year
(1,433,012)
(1,403,211)
Provisions for liabilities
Deferred tax
(96,106)
(74,986)
Net assets
219,898 
154,048 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
219,798 
153,948 
Shareholders' funds
219,898 
154,048 
For the period ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 November 2024 and were signed on its behalf by
Muhammad Abubakar Khan Director Company Registration No. 10528149
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SAIGA PROPERTY LTD Notes to the Accounts for the period from 1 January 2023 to 31 August 2023
1
Statutory information
SAIGA PROPERTY LTD is a private company, limited by shares, registered in England and Wales, registration number 10528149. The registered office is UNIT C1 A, POOLE HALL ROAD INDUSTRIAL ESTATE, ELLESMERE PORT, CH66 1ST, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% straight line
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2023
28,298 
Disposals
(9,703)
Revaluations
5,739 
At 31 August 2023
24,334 
Amortisation
At 1 January 2023
- 
At 31 August 2023
- 
Net book value
At 31 August 2023
24,334 
At 31 December 2022
28,298 
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SAIGA PROPERTY LTD Notes to the Accounts for the period from 1 January 2023 to 31 August 2023
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
3,970 
At 31 August 2023
3,970 
Depreciation
At 1 January 2023
1,612 
Charge for the period
873 
At 31 August 2023
2,485 
Net book value
At 31 August 2023
1,485 
At 31 December 2022
2,358 
6
Investment property
2023 
£ 
Fair value at 1 January 2023
1,026,256 
Net gain from fair value adjustments
78,743 
At 31 August 2023
1,104,999 
7
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2023
100 
Disposals
(100)
Valuation at 31 August 2023
- 
8
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
(555)
Accrued income and prepayments
658 
- 
658 
(555)
Amounts falling due after more than one year
Amounts due from group undertakings etc.
284,474 
- 
Other debtors
345,604 
593,278 
630,078 
593,278 
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SAIGA PROPERTY LTD Notes to the Accounts for the period from 1 January 2023 to 31 August 2023
9
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
13,648 
18,288 
Taxes and social security
1,046 
- 
14,694 
18,288 
10
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
678,176 
681,880 
Loans from directors
754,836 
721,331 
1,433,012 
1,403,211 
11
Average number of employees
During the period the average number of employees was 1 (2022: 1).
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