1 April 2023 false No description of principal activity Taxfiler 2024.6 04604534business:PrivateLimitedCompanyLtd2023-04-012024-03-31 046045342023-03-31 046045342023-04-012024-03-31 04604534business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 04604534business:FilletedAccounts2023-04-012024-03-31 046045342024-03-31 04604534business:Director12023-04-012024-03-31 04604534business:Director22023-04-012024-03-31 04604534business:RegisteredOffice2023-04-012024-03-31 046045342023-03-31 04604534core:WithinOneYear2024-03-31 04604534core:WithinOneYear2023-03-31 04604534core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 04604534core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 04604534core:RevaluationReservecore:PreviouslyStatedAmount2024-03-31 04604534core:RevaluationReservecore:PreviouslyStatedAmount2023-03-31 04604534core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 04604534core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 04604534core:PreviouslyStatedAmount2024-03-31 04604534core:PreviouslyStatedAmount2023-03-31 04604534business:SmallEntities2023-04-012024-03-31 04604534countries:EnglandWales2023-04-012024-03-31 04604534business:OrdinaryShareClass12023-04-012024-03-31 04604534business:OrdinaryShareClass12022-04-012023-03-31 046045342022-04-012023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 04604534 (England and Wales)
SAKI PROPERTIES LIMITED Unaudited accounts for the year ended 31 March 2024
SAKI PROPERTIES LIMITED Unaudited accounts Contents
Page
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SAKI PROPERTIES LIMITED Company Information for the year ended 31 March 2024
Directors
Kaiser Munir Choudhry Ahmed Munir Ahmed
Company Number
04604534 (England and Wales)
Registered Office
14 SHERATON BUSINESS CENTRE WADSWORTH CLOSE PERIVALE MIDDLESEX UB6 7JB
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SAKI PROPERTIES LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
2,125,000 
2,125,000 
Current assets
Cash at bank and in hand
4,206 
2,568 
Creditors: amounts falling due within one year
(393,286)
(445,137)
Net current liabilities
(389,080)
(442,569)
Total assets less current liabilities
1,735,920 
1,682,431 
Provisions for liabilities
Other provisions
(115,397)
(115,397)
Net assets
1,620,523 
1,567,034 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
1,010,838 
1,010,838 
Profit and loss account
609,585 
556,096 
Shareholders' funds
1,620,523 
1,567,034 
For the year ending 31 March 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 12 November 2024 and were signed on its behalf by
Munir Ahmed Director Company Registration No. 04604534
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SAKI PROPERTIES LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
SAKI PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04604534. The registered office is 14 SHERATON BUSINESS CENTRE, WADSWORTH CLOSE, PERIVALE, MIDDLESEX, UB6 7JB.
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.
4
Investment property
2024 
£ 
Fair value at 1 April 2023
2,125,000 
At 31 March 2024
2,125,000 
Other investments comprise of freehold investment properties which are stated at fair value determined by director Mr Munir Ahmed, based on available data of other similiar properties in the area.
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
44,891 
51,961 
Other creditors
348,395 
393,176 
393,286 
445,137 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Transactions with related parties
The company owed its director and spouse, also shareholders, £342,056 (2023 £386,837) at the date of balance sheet. The loan is interest free and repayable on demand.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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