Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31Investment in real estate2023-04-012false2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14113383 2023-04-01 2024-03-31 14113383 2022-05-17 2023-03-31 14113383 2024-03-31 14113383 2023-03-31 14113383 c:Director1 2023-04-01 2024-03-31 14113383 d:CurrentFinancialInstruments 2024-03-31 14113383 d:CurrentFinancialInstruments 2023-03-31 14113383 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 14113383 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 14113383 d:ShareCapital 2024-03-31 14113383 d:ShareCapital 2023-03-31 14113383 d:RetainedEarningsAccumulatedLosses 2024-03-31 14113383 d:RetainedEarningsAccumulatedLosses 2023-03-31 14113383 c:FRS102 2023-04-01 2024-03-31 14113383 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 14113383 c:FullAccounts 2023-04-01 2024-03-31 14113383 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 14113383 d:EntityControlledByKeyManagementPersonnel1 2023-04-01 2024-03-31 14113383 d:EntityControlledByKeyManagementPersonnel1 2024-03-31 14113383 d:EntityControlledByKeyManagementPersonnel1 2023-03-31 14113383 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 14113383









SABK 56 WEST HILL LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
SABK 56 WEST HILL LTD
REGISTERED NUMBER: 14113383

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
 4 
2,986,415
1,449,542

Debtors: amounts falling due within one year
 5 
673,562
87,059

  
3,659,977
1,536,601

Creditors: amounts falling due within one year
 6 
(3,951,434)
(1,647,390)

Net current liabilities
  
 
 
(291,457)
 
 
(110,789)

Total assets less current liabilities
  
(291,457)
(110,789)

  

Net liabilities
  
(291,457)
(110,789)


Capital and reserves
  

Called up share capital 
  
5,000
5,000

Profit and loss account
  
(296,457)
(115,789)

  
(291,457)
(110,789)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 December 2024.




A Khan
Director

Page 1

 
SABK 56 WEST HILL LTD
REGISTERED NUMBER: 14113383
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
SABK 56 WEST HILL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

SABK 56 West Hill Ltd is a private company limited by shares, domiciled in England and Wales, registration number 09910289. The address of the registered office is 34 Widecombe Gardens, Ilford, Essex, United Kingdom, IG4 5LT.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis. The directors and associated companies will continue to support the company liaiblities as they fall due. 

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
SABK 56 WEST HILL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including the director, during the period was as follows:


        2024
        2023
            No.
            No.







Directors
2
2


4.


Stocks

2024
2023
£
£

Work in progress
2,986,415
1,449,542

2,986,415
1,449,542



5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
668,562
82,059

Called up share capital not paid
5,000
5,000

673,562
87,059


Page 4

 
SABK 56 WEST HILL LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
2,279,476
738,500

Trade creditors
2,700
3,163

Amounts owed to group undertakings
1,374,258
615,727

Other creditors
295,000
290,000

3,951,434
1,647,390



7.


Related party transactions

At the year end the following amounts were due from/(to) related parties:


2024
2023
£
£

Entities under common control
705,697
533,668
705,697
533,668


8.


Controlling party

The company is controlled by the SABK Holding Limited by virtue of its 100% shareholding in the company.

Page 5