Registered number
09531731
Saibick Limited
Filleted Accounts
31 March 2024
Saibick Limited
Registered number: 09531731
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 875,324 875,324
Current assets
Debtors 4 - 15,000
Cash at bank and in hand 22,111 1,137
22,111 16,137
Creditors: amounts falling due within one year 5 (14,634) (22,518)
Net current assets/(liabilities) 7,477 (6,381)
Total assets less current liabilities 882,801 868,943
Creditors: amounts falling due after more than one year 6 (682,476) (656,187)
Provisions for liabilities (34,200) (34,200)
Net assets 166,125 178,556
Capital and reserves
Called up share capital 100 100
Profit and loss account 166,025 178,456
Shareholders' funds 166,125 178,556
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
I Stroud
Director
Approved by the board on 25 November 2024
Saibick Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value method, fair value being the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date
Investment Properties
Investment properties are recognised using the fair value method, fair value being the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at measurement date
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments as it is not considered material
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 2
3 Investments
Other
investments
£
Cost
At 1 April 2023 875,324
At 31 March 2024 875,324
4 Debtors 2024 2023
£ £
Trade debtors - 15,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 9,924 9,924
Taxation and social security costs 4,590 4,254
Other creditors 120 8,340
14,634 22,518
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 19,947 29,708
Trade creditors 624,429 573,379
Other creditors 38,100 53,100
682,476 656,187
7 Other information
Saibick Limited is a private company limited by shares and incorporated in England. Its registered office is:
Central House
124 High Street
Hampton Hill
Middlesex
TW12 1NS
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