Registration number:
Satila SAC Holdings Limited
for the Year Ended 30 April 2024
Satila SAC Holdings Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Satila SAC Holdings Limited
Company Information
Directors |
Ted Lennart Grebelius Carl Oliver Grebelius |
Registered office |
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Accountants |
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Satila SAC Holdings Limited
(Registration number: 14071692)
Balance Sheet as at 30 April 2024
Note |
2024 |
2023 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Other reserves |
198,976 |
95,821 |
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Shareholders' funds |
199,076 |
95,921 |
For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Satila SAC Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss.
Investments in unlisted equity shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the statement of comprehensive income for the period. Where market value can not be reliably determined, such investments are measured at cost less impairment.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Satila SAC Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investments |
2024 |
2023 |
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Investments in associates |
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Associates |
£ |
Cost |
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At 1 May 2023 |
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Revaluation |
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At 30 April 2024 |
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Provision |
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Carrying amount |
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At 30 April 2024 |
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At 30 April 2023 |
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Aggregate financial information of associates
2024 |
2023 |
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Total assets |
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Total liabilities |
( |
( |
Net assets |
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Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2024 |
2023 |
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Associates |
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101 New Cavendish Street, 1st Floor South, London, W1W 6XH |
A Ordinary |
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England |
Satila SAC Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024
Debtors |
Note |
2024 |
2023 |
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Amounts owed by related parties |
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Other debtors |
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Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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94 |
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94 |
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6 |
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6 |
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Related party transactions |
Summary of transactions with parent
(Former parent)
At the balance sheet date amount due from Satila Farringdon Limted was £93 (2023: £93).
Change of ownership
On 24 October 2024, shares were transferred to another group company, being Sessions Studios Limited.
Parent and ultimate parent undertaking |
The company's immediate parent is
The ultimate parent is
These financial statements are available upon request from Västra Hamngatan 9, 411 17 Göteborg, Sweden.