IRIS Accounts Production v24.3.2.46 SC265598 director 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2655982023-03-31SC2655982024-03-31SC2655982023-04-012024-03-31SC2655982022-03-31SC2655982022-04-012023-03-31SC2655982023-03-31SC265598ns15:Scotland2023-04-012024-03-31SC265598ns14:PoundSterling2023-04-012024-03-31SC265598ns10:Director12023-04-012024-03-31SC265598ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC265598ns10:SmallEntities2023-04-012024-03-31SC265598ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC265598ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC265598ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC265598ns10:FullAccounts2023-04-012024-03-31SC265598ns10:OrdinaryShareClass12023-04-012024-03-31SC265598ns10:CompanySecretary12023-04-012024-03-31SC265598ns10:RegisteredOffice2023-04-012024-03-31SC265598ns5:CurrentFinancialInstruments2024-03-31SC265598ns5:CurrentFinancialInstruments2023-03-31SC265598ns5:Non-currentFinancialInstruments2024-03-31SC265598ns5:Non-currentFinancialInstruments2023-03-31SC265598ns5:ShareCapital2024-03-31SC265598ns5:ShareCapital2023-03-31SC265598ns5:RetainedEarningsAccumulatedLosses2024-03-31SC265598ns5:RetainedEarningsAccumulatedLosses2023-03-31SC265598ns5:FurnitureFittings2023-04-012024-03-31SC265598ns5:LandBuildings2023-03-31SC265598ns5:LeaseholdImprovements2023-03-31SC265598ns5:FurnitureFittings2023-03-31SC265598ns5:LandBuildings2023-04-012024-03-31SC265598ns5:LeaseholdImprovements2023-04-012024-03-31SC265598ns5:LandBuildings2024-03-31SC265598ns5:LeaseholdImprovements2024-03-31SC265598ns5:FurnitureFittings2024-03-31SC265598ns5:LandBuildings2023-03-31SC265598ns5:LeaseholdImprovements2023-03-31SC265598ns5:FurnitureFittings2023-03-31SC265598ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31SC265598ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31SC265598ns10:OrdinaryShareClass12024-03-31SC265598ns5:RetainedEarningsAccumulatedLosses2023-03-31SC265598ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: SC265598 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

S & A Property Investments Limited

S & A Property Investments Limited (Registered number: SC265598)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S & A Property Investments Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: A Ul Haq





SECRETARY: A Ul Haq





REGISTERED OFFICE: Unit 3, Morris Park
37 Rosyth Road
Glasgow
G5 0YE





REGISTERED NUMBER: SC265598 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

S & A Property Investments Limited (Registered number: SC265598)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,778,908 1,838,437

CURRENT ASSETS
Debtors 5 266,530 489,728
Cash at bank and in hand 161,522 16,528
428,052 506,256
CREDITORS
Amounts falling due within one year 6 281,090 147,006
NET CURRENT ASSETS 146,962 359,250
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,925,870

2,197,687

CREDITORS
Amounts falling due after more than one
year

7

751,597

1,089,647
NET ASSETS 1,174,273 1,108,040

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 1,173,273 1,107,040
SHAREHOLDERS' FUNDS 1,174,273 1,108,040

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

S & A Property Investments Limited (Registered number: SC265598)

Balance Sheet - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 December 2024 and were signed by:





A Ul Haq - Director


S & A Property Investments Limited (Registered number: SC265598)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

S & A Property Investments Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

S & A Property Investments Limited (Registered number: SC265598)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
COST
At 1 April 2023 1,818,867 15,311 19,809 1,853,987
Additions 168,063 - - 168,063
Disposals (226,953 ) - - (226,953 )
At 31 March 2024 1,759,977 15,311 19,809 1,795,097
DEPRECIATION
At 1 April 2023 - - 15,550 15,550
Charge for year - - 639 639
At 31 March 2024 - - 16,189 16,189
NET BOOK VALUE
At 31 March 2024 1,759,977 15,311 3,620 1,778,908
At 31 March 2023 1,818,867 15,311 4,259 1,838,437

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Ul Haq & Ul Haq Investment Ltd - 222,798
Crema Coffee Ltd 5,000 5,000
U & U Investments Ltd 154,730 155,130
Loan a/c E.M Distribution Ltd 10,000 10,000
Loan: Shields Road Dental Ltd 94,000 94,000
Prepaid charges &
Accrued Income 2,800 2,800
266,530 489,728

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Creditors & accrued charges 31,830 35,966
Tax 106,150 103,040
Ulhaq + Ulhaq Investments Ltd 143,110 -
Directors' current accounts - 8,000
281,090 147,006

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Barclays Loan 751,597 1,089,647

S & A Property Investments Limited (Registered number: SC265598)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.24 31.3.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Barclays Loan 751,597 1,089,647

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 Ordinary shares £1 1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1 April 2023 1,107,040
Profit for the year 97,347
Dividends (31,114 )
At 31 March 2024 1,173,273