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
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
SAIGA PROPERTY LTD
Statement of financial position
as at 31 August 2023
Intangible assets
24,334
28,298
Tangible assets
1,485
2,358
Investment property
1,104,999
1,026,256
Cash at bank and in hand
2,156
798
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
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
SAIGA PROPERTY LTD
Notes to the Accounts
for the period from 1 January 2023 to 31 August 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
At 31 December 2022
28,298
SAIGA PROPERTY LTD
Notes to the Accounts
for the period from 1 January 2023 to 31 August 2023
5
Tangible fixed assets
Computer equipment
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
Valuation at 31 August 2023
-
Amounts falling due within one year
Accrued income and prepayments
658
-
Amounts falling due after more than one year
Amounts due from group undertakings etc.
284,474
-
Other debtors
345,604
593,278
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
-
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
11
Average number of employees
During the period the average number of employees was 1 (2022: 1).