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Company Registration No. 11056254 (England and Wales)
Satalan Developments Limited Unaudited accounts for the year ended 30 April 2024
Satalan Developments Limited Unaudited accounts Contents
Page
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Satalan Developments Limited Company Information for the year ended 30 April 2024
Directors
Alan Bruter Amanpreet Kaur Dhillon
Company Number
11056254 (England and Wales)
Registered Office
Arena Business Centre 100 Berkshire Place Winnersh Wokingham Berkshire RG41 5RD England
Accountants
BIZ ACCOUNTING SOLUTIONS LTD CHARTERED CERTIFIED ACCOUNTANTS 100 Berkshire Place Winnersh Wokingham RG41 5RD
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Satalan Developments Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
54,995 
74,995 
Current assets
Inventories
1,114,466 
1,077,193 
Debtors
484 
11,524 
Cash at bank and in hand
2,000 
251,616 
1,116,950 
1,340,333 
Creditors: amounts falling due within one year
(1,014,908)
(1,237,846)
Net current assets
102,042 
102,487 
Net assets
157,037 
177,482 
Capital and reserves
Called up share capital
20 
20 
Profit and loss account
157,017 
177,462 
Shareholders' funds
157,037 
177,482 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by
Alan Bruter Director Company Registration No. 11056254
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Satalan Developments Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Satalan Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 11056254. The registered office is Arena Business Centre, 100 Berkshire Place, Winnersh, Wokingham, Berkshire, RG41 5RD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on cost
Stocks
Work in progress in relation to housing developments is valued at the lower of cost and net realisable value whilst under construction. Land held for development is stated at cost.
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.
Presentation currency
The accounts are presented in £ sterling.
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Satalan Developments Limited Notes to the Accounts for the year ended 30 April 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 May 2023
99,995 
At 30 April 2024
99,995 
Depreciation
At 1 May 2023
25,000 
Charge for the year
20,000 
At 30 April 2024
45,000 
Net book value
At 30 April 2024
54,995 
At 30 April 2023
74,995 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
11,524 
Other debtors
484 
- 
484 
11,524 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
3,103 
Taxes and social security
399 
190,202 
Other creditors
1,014,509 
1,044,541 
1,014,908 
1,237,846 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares A of £1 each
10 
10 
10 Ordinary shares B of £1 each
10 
10 
20 
20 
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Satalan Developments Limited Notes to the Accounts for the year ended 30 April 2024
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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