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REGISTERED NUMBER: 05811842 (England and Wales)













Financial Statements

for the Year Ended 30 April 2024

for

SARF (NE) Limited

SARF (NE) Limited (Registered number: 05811842)






Contents of the Financial Statements
for the year ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SARF (NE) Limited

Company Information
for the year ended 30 April 2024







DIRECTORS: G R Farnan
Mrs B Farnan





SECRETARY: G R Farnan





REGISTERED OFFICE: 9 Redmill Close
Sandbrook Meadows
Sunderland
Tyne & Wear
SR6 8BJ





REGISTERED NUMBER: 05811842 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

SARF (NE) Limited (Registered number: 05811842)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 176,962 176,962

CREDITORS
Amounts falling due within one year 5 96,492 96,075
NET CURRENT LIABILITIES (96,492 ) (96,075 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,470

80,887

CAPITAL AND RESERVES
Called up share capital 4 4
Share premium 88,478 88,478
Retained earnings (8,012 ) (7,595 )
SHAREHOLDERS' FUNDS 80,470 80,887

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2025 and were signed on its behalf by:




G R Farnan - Director



Mrs B Farnan - Director


SARF (NE) Limited (Registered number: 05811842)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

SARF (NE) Limited is a private company, limited by shares , registered in England and Wales. 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.

The financial statements have been prepared on the going concern basis,which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider appropriate.

Preparation of consolidated financial statements
The financial statements contain information about SARF (NE) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2023 - 2 ) .

SARF (NE) Limited (Registered number: 05811842)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 176,962
NET BOOK VALUE
At 30 April 2024 176,962
At 30 April 2023 176,962

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 96,114 95,732
Other creditors 378 343
96,492 96,075

6. RELATED PARTY DISCLOSURES

New Dawn Property & Investment Limited

SARF (NE) Limited is the ultimate parent of New Dawn Property & Investment Limited

During the year New Dawn Property & Investment Limited paid expenses on behalf of the company amounting to £382 (2023: £343).

2024 2023
£    £   
Amount due to related party at the balance sheet date 96,114 95,732