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
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
SAKI PROPERTIES LIMITED
Statement of financial position
as at 31 March 2024
Investment property
2,125,000
2,125,000
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
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
SAKI PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
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.
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
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).