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Registration number: 14071692

Satila SAC Holdings Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Satila SAC Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Satila SAC Holdings Limited

Company Information

Directors

Ted Lennart Grebelius

Carl Oliver Grebelius

Registered office

80-82 Long Lane
London
EC1A 9ET

Accountants

Carbon Accountancy Limited
80-83 Long Lane
London
EC1A 9ET

 

Satila SAC Holdings Limited

(Registration number: 14071692)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

198,977

95,822

Current assets

 

Debtors

5

99

99

Net assets

 

199,076

95,921

Capital and reserves

 

Called up share capital

6

100

100

Other reserves

198,976

95,821

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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 Board on 29 January 2025 and signed on its behalf by:
 

.........................................
Carl Oliver Grebelius
Director

 

Satila SAC Holdings Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
80-82 Long Lane
London
EC1A 9ET

These financial statements were authorised for issue by the Board on 29 January 2025.

2

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

4

Investments

2024
£

2023
£

Investments in associates

198,977

95,822

Associates

£

Cost

At 1 May 2023

95,822

Revaluation

103,155

At 30 April 2024

198,977

Provision

Carrying amount

At 30 April 2024

198,977

At 30 April 2023

95,822

Aggregate financial information of associates

2024
£

2023
£

Total assets

1,011,072

1,112,330

Total liabilities

(613,119)

(920,686)

Net assets

397,953

191,644

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

     

2024

2023

Associates

Sessions Arts Club Limited

101 New Cavendish Street, 1st Floor South, London, W1W 6XH

A Ordinary

50%

50%

 

England

     
 

Satila SAC Holdings Limited

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

5

Debtors

Note

2024
£

2023
£

Amounts owed by related parties

7

93

93

Other debtors

 

6

6

 

99

99

6

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary A of £1 each

94

94

94

94

B Ordinary of £1 each

6

6

6

6

 

100

100

100

100

7

Related party transactions

Summary of transactions with parent

Satila Farringdon Limited
(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.


 

8

Parent and ultimate parent undertaking

The company's immediate parent is Sessions Studios Limited, incorporated in UK.

 The ultimate parent is Satila Property Development AB, incorporated in Sweden.

  These financial statements are available upon request from Västra Hamngatan 9, 411 17 Göteborg, Sweden.