Acorah Software Products - Accounts Production 16.1.300 false true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 10292649 Mr Hitesh Patel Miss Saiyna Patel Mrs Uma Patel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10292649 2023-07-31 10292649 2024-07-31 10292649 2023-08-01 2024-07-31 10292649 frs-core:Non-currentFinancialInstruments 2024-07-31 10292649 frs-core:FurnitureFittings 2023-08-01 2024-07-31 10292649 frs-core:ShareCapital 2024-07-31 10292649 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 10292649 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10292649 frs-bus:AbridgedAccounts 2023-08-01 2024-07-31 10292649 frs-bus:SmallEntities 2023-08-01 2024-07-31 10292649 frs-bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 10292649 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 10292649 frs-bus:Director1 2023-08-01 2024-07-31 10292649 frs-bus:Director2 2023-08-01 2024-07-31 10292649 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 10292649 frs-countries:EnglandWales 2023-08-01 2024-07-31 10292649 2022-07-31 10292649 2023-07-31 10292649 2022-08-01 2023-07-31 10292649 frs-core:Non-currentFinancialInstruments 2023-07-31 10292649 frs-core:ShareCapital 2023-07-31 10292649 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 10292649
SAI Properties and Rentals Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 July 2024
Chrissie Accountancy Services
16 Morley Road
Sutton
Surrey
SM3 9LN
Contents
Page
Company Information 1
Accountant's Report 2
Abridged Balance Sheet 3—4
Notes to the Abridged Financial Statements 5—7
Page 1
Company Information
Directors Mr Hitesh Patel
Miss Saiyna Patel
Secretary Mrs Uma Patel
Company Number 10292649
Registered Office Mickledore
Potter Street Hill
Pinner
HA5 3YH
Business Mickledore
Potter Street Hill
Pinner
HA5 3YH
Accountants Chrissie Accountancy Services
Certified Public Accountants Association
16 Morley Road
Sutton
Surrey
SM3 9LN
Bankers Lloyds
44 Bridge Street
Pinner
MIddlesex
HA5 3JJ
Page 1
Page 2
Accountant's Report
Accountant's report to the directors on the preparation of the unaudited statutory accounts of SAI Properties and Rentals Limited for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of SAI Properties and Rentals Limited for the year ended 31 July 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of Association of Certified Public Accountants (CPAA), we are subject to its ethical and other professional requirements which are detailed at http://www.cpaa.co.uk.
This report is made solely to the directors of SAI Properties and Rentals Limited , as a body, in accordance with the terms of our engagement letter dated 25 October 2018. Our work has been undertaken solely to prepare for your approval the accounts of SAI Properties and Rentals Limited and state those matters that we have agreed to state to the directors of SAI Properties and Rentals Limited , as a body, in this report in accordance with CPAA as detailed at http:/www.cpaa.co.uk. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SAI Properties and Rentals Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that SAI Properties and Rentals Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of SAI Properties and Rentals Limited . You consider that SAI Properties and Rentals Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of SAI Properties and Rentals Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Christy Wignarajah
16 January 2025
Chrissie Accountancy Services
Certified Public Accountants Association
16 Morley Road
Sutton
Surrey
SM3 9LN
Page 2
Page 3
Abridged Balance Sheet
Registered number: 10292649
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,396,853 1,397,163
1,396,853 1,397,163
CURRENT ASSETS
Debtors 3,354 7,641
Cash at bank and in hand 15,460 10,604
18,814 18,245
Creditors: Amounts Falling Due Within One Year (6,629 ) (6,198 )
NET CURRENT ASSETS (LIABILITIES) 12,185 12,047
TOTAL ASSETS LESS CURRENT LIABILITIES 1,409,038 1,409,210
Creditors: Amounts Falling Due After More Than One Year (1,406,907 ) (1,405,182 )
NET ASSETS 2,131 4,028
CAPITAL AND RESERVES
Called up share capital 5 1,000 1,000
Profit and Loss Account 1,131 3,028
SHAREHOLDERS' FUNDS 2,131 4,028
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Page 4
For the year ending 31 July 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 July 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Hitesh Patel
Director
16 January 2025
The notes on pages 5 to 7 form part of these financial statements.
Page 4
Page 5
Notes to the Abridged Financial Statements
1. General Information
SAI Properties and Rentals Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10292649 . The registered office is Mickledore, Potter Street Hill, Pinner, HA5 3YH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Total
£
Cost
As at 1 August 2023 1,400,602
As at 31 July 2024 1,400,602
Depreciation
As at 1 August 2023 3,439
Provided during the period 310
As at 31 July 2024 3,749
Net Book Value
As at 31 July 2024 1,396,853
As at 1 August 2023 1,397,163
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5. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 7