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REGISTERED NUMBER: 11303055 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Sas Prop Services Ltd

Sas Prop Services Ltd (Registered number: 11303055)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sas Prop Services Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTOR: D Smith





REGISTERED OFFICE: City, Chartered Accountants
Suite 540, 5th Floor, Linen Hall
182-168 Regent Street
London
W1B 5TF





REGISTERED NUMBER: 11303055 (England and Wales)





ACCOUNTANTS: City, Chartered Accountants
Suite 540, 5th Floor,
Linen Hall
162- 168 Regent Street
London
W1B 5TF

Sas Prop Services Ltd (Registered number: 11303055)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,650 3,299
Investment property 5 282,926 282,926
284,576 286,225

CURRENT ASSETS
Cash at bank 39,825 47,327

CREDITORS
Amounts falling due within one year 6 (6,333 ) (6,639 )
NET CURRENT ASSETS 33,492 40,688
TOTAL ASSETS LESS CURRENT
LIABILITIES

318,068

326,913

CREDITORS
Amounts falling due after more than one
year

7

(150,050

)

(150,050

)
NET ASSETS 168,018 176,863

CAPITAL AND RESERVES
Called up share capital 1 1
Other reserves 130,208 156,208
Retained earnings 37,809 20,654
168,018 176,863

Sas Prop Services Ltd (Registered number: 11303055)

Balance Sheet - continued
30 April 2024


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 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.

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 24 January 2025 and were signed by:





D Smith - Director


Sas Prop Services Ltd (Registered number: 11303055)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Sas Prop Services Ltd 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.

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.
Plant and machinery etc - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

Sas Prop Services Ltd (Registered number: 11303055)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 8,249
DEPRECIATION
At 1 May 2023 4,950
Charge for year 1,649
At 30 April 2024 6,599
NET BOOK VALUE
At 30 April 2024 1,650
At 30 April 2023 3,299

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 282,926
NET BOOK VALUE
At 30 April 2024 282,926
At 30 April 2023 282,926

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 175 904
Taxation and social security 4,411 4,071
Other creditors 1,747 1,664
6,333 6,639

Sas Prop Services Ltd (Registered number: 11303055)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 150,050 150,050

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 150,050 150,050

On 27 August 2021, a mortgage of £100,050 was agreed with Paragon Bank plc. A legal charge was created over the property at 71 Hough Lane and remains outstanding at the year end.
On 29 October 2021, a mortgage of £50,000 was agreed with The Mortgage Works (UK) plc. A mortgage deed charge was created over the property at 14 Stratton Road and remains outstanding at the year end.

8. RELATED PARTY DISCLOSURES

At the year end, the Company owed the director £130,208 (2023: £156,208).