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Company Registration No. 13940709 (England and Wales)
SAIKRISH PROPERTIES LIMITED Unaudited accounts for the year ended 29 February 2024
SAIKRISH PROPERTIES LIMITED Unaudited accounts Contents
Page
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SAIKRISH PROPERTIES LIMITED Company Information for the year ended 29 February 2024
Directors
MADANAGOPAL, Jayakumar SURESH, Lakshmi
Company Number
13940709 (England and Wales)
Registered Office
69 Whitton Road Hounslow England TW3 2DG United Kingdom
Accountants
Tally Tally Accountants 79 College Road Harrow HA1 1BD
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SAIKRISH PROPERTIES LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
761,819 
- 
Current assets
Debtors
44,788 
100 
Cash at bank and in hand
32,626 
10,422 
77,414 
10,522 
Creditors: amounts falling due within one year
(6,328)
(12,375)
Net current assets/(liabilities)
71,086 
(1,853)
Total assets less current liabilities
832,905 
(1,853)
Creditors: amounts falling due after more than one year
(835,964)
- 
Net liabilities
(3,059)
(1,853)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(3,159)
(1,953)
Shareholders' funds
(3,059)
(1,853)
For the year ending 29 February 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by
SURESH, Lakshmi Director Company Registration No. 13940709
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SAIKRISH PROPERTIES LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
SAIKRISH PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13940709. The registered office is 69, Whitton Road, Hounslow, England, TW3 2DG, United Kingdom.
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 year, 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.
Going concern
The financial statements have been prepared on a going concern basis, which is dependent upon the company's directors continuing to provide the necessary financial facilities, to enable the company to continue in operation for the foreseeable future.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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:
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SAIKRISH PROPERTIES LIMITED Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 March 2023
- 
Additions
761,819 
At 29 February 2024
761,819 
Depreciation
At 29 February 2024
- 
Net book value
At 29 February 2024
761,819 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
100 
- 
Amounts falling due after more than one year
Accrued income and prepayments
9,375 
- 
Other debtors
35,313 
100 
44,688 
100 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
5,578 
12,000 
Accruals
750 
375 
6,328 
12,375 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
311,000 
- 
Other creditors
524,964 
- 
835,964 
- 
8
Transactions with related parties
At the year-end date, the directors have a debit balance of £35,413 on their current account, and this amount is included in other debtors payable more than one year.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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