Sahni Capital Limited 11971988 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is that of providing finance to property investment companies. Digita Accounts Production Advanced 6.30.9574.0 true false true true 11971988 2023-06-01 2024-05-31 11971988 2024-05-31 11971988 bus:OrdinaryShareClass1 2024-05-31 11971988 core:RetainedEarningsAccumulatedLosses 2024-05-31 11971988 core:ShareCapital 2024-05-31 11971988 core:CurrentFinancialInstruments 2024-05-31 11971988 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 11971988 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 11971988 core:AllSubsidiaries 2024-05-31 11971988 core:OtherRelatedParties 2024-05-31 11971988 bus:SmallEntities 2023-06-01 2024-05-31 11971988 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 11971988 bus:FilletedAccounts 2023-06-01 2024-05-31 11971988 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11971988 bus:RegisteredOffice 2023-06-01 2024-05-31 11971988 bus:Director1 2023-06-01 2024-05-31 11971988 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 11971988 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11971988 core:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 11971988 core:ShareCapital 2023-06-01 2024-05-31 11971988 core:AllSubsidiaries 2023-06-01 2024-05-31 11971988 core:AllSubsidiaries core:TransfersUnderFinanceArrangements 2023-06-01 2024-05-31 11971988 core:OtherRelatedParties 2023-06-01 2024-05-31 11971988 core:Subsidiary1 2023-06-01 2024-05-31 11971988 core:Subsidiary1 1 2023-06-01 2024-05-31 11971988 core:Subsidiary1 countries:AllCountries 2023-06-01 2024-05-31 11971988 core:UKTax 2023-06-01 2024-05-31 11971988 countries:UnitedKingdom 2023-06-01 2024-05-31 11971988 2023-05-31 11971988 core:RetainedEarningsAccumulatedLosses 2023-05-31 11971988 core:ShareCapital 2023-05-31 11971988 core:AllSubsidiaries 2023-05-31 11971988 core:OtherRelatedParties 2023-05-31 11971988 2022-06-01 2023-05-31 11971988 2023-05-31 11971988 bus:OrdinaryShareClass1 2023-05-31 11971988 core:CurrentFinancialInstruments 2023-05-31 11971988 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 11971988 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 11971988 core:AllSubsidiaries 2023-05-31 11971988 core:OtherRelatedParties 2023-05-31 11971988 core:RetainedEarningsAccumulatedLosses 2022-06-01 2023-05-31 11971988 core:ShareCapital 2022-06-01 2023-05-31 11971988 core:AllSubsidiaries 2022-06-01 2023-05-31 11971988 core:AllSubsidiaries core:TransfersUnderFinanceArrangements 2022-06-01 2023-05-31 11971988 core:Subsidiary1 1 2022-06-01 2023-05-31 11971988 core:UKTax 2022-06-01 2023-05-31 11971988 2022-05-31 11971988 core:RetainedEarningsAccumulatedLosses 2022-05-31 11971988 core:ShareCapital 2022-05-31 11971988 core:AllSubsidiaries 2022-05-31 11971988 core:OtherRelatedParties 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11971988

Sahni Capital Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2024

 

Sahni Capital Limited

Company Information

Director

Mr Rajkaran Singh Sahni

Registered office

9 Berners Place
London
W1T 3AD

Accountants

Mehta & Tengra
Chartered Accountants
9 Berners Place
London
W1T 3AD

 

Sahni Capital Limited

(Registration number: 11971988)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Group loan to subsidiary company

5

1,070,025

1,070,025

Current assets

 

Debtors

6

52,500

-

Cash at bank and in hand

 

86,882

58,283

 

139,382

58,283

Creditors: Amounts falling due within one year

7

(28,317)

(19,099)

Net current assets

 

111,065

39,184

Total assets less current liabilities

 

1,181,090

1,109,209

Creditors: Amounts falling due after more than one year

7

(1,034,175)

(1,039,175)

Net assets

 

146,915

70,034

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

146,815

69,934

Shareholders' funds

 

146,915

70,034

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 February 2025
 

.........................................
Mr Rajkaran Singh Sahni
Director

 

Sahni Capital Limited

Statement of Changes in Equity for the Year Ended 31 May 2024

Share capital
£

Retained earnings
£

Total
£

At 1 June 2023

100

69,934

70,034

Profit for the year

-

76,881

76,881

At 31 May 2024

100

146,815

146,915

Share capital
£

Retained earnings
£

Total
£

At 1 June 2022

100

23,124

23,224

Profit for the year

-

51,810

51,810

Dividends

-

(5,000)

(5,000)

At 31 May 2023

100

69,934

70,034

 

Sahni Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
9 Berners Place
London
W1T 3AD
United Kingdom

These financial statements were authorised for issue by the director on 26 February 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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises interest on loans to property investment companies.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investments

Fixed asset investment represents shares and loans in subsidiary companies.

Both the shares and loans are shown at cost.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Sahni Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

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.

Group accounts
The company and its subsidiaries comprise a small group.

Sahini Capital Ltd has taken advantage of the exemption for small companies not to prepare group accounts.
 

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

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

4

Taxation

Tax charged/(credited) in the profit and loss account

2024
£

2023
£

Current taxation

UK corporation tax

22,681

12,153

UK corporation tax adjustment to prior periods

177

-

22,858

12,153

 

Sahni Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

5

Investments

2024
£

2023
£

Loans to group undertakings

1,069,960

1,069,960

Shares in group undertakings

65

65

1,070,025

1,070,025

Fixed asset group loan

£

Cost or valuation

At 1 June 2023

1,069,960

Details of undertakings

Details of the investments 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

Subsidiary undertakings

Gravitas Real Estate Ltd

6 Wellesley House, Sloane Square, London SW1W 8AL

United kingdom

Ordinary shares

65%

 

65%

6

Debtors

Current

2024
£

2023
£

Short term loan

52,500

-

 

52,500

-

 

Sahni Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Corporation tax

22,681

14,153

Accruals and deferred income

5,636

4,946

28,317

19,099

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

1,034,175

1,039,175

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

9

Dividends

Dividends paid for the year were £5,000 (2023: £5000).

10

Related party transactions

Summary of transactions with subsidiaries

Loan to Gravitas Real Estates Ltd
Interest received from Gravitas Real Estates Ltd

 

Summary of transactions with other related parties

Loan from Shareholder
Dividends paid to shareholder
Consultancy service by an associate

 

Income and receivables from related parties

2024

Subsidiary
£

Interest received

130,000

2023

Subsidiary
£

Interest received

76,285

 

Sahni Capital Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Expenditure with and payables to related parties

2024

Other related parties
£

Dividends paid to shareholder

5,000

2023

Other related parties
£

Dividends paid to shareholder

5,000

Loans to related parties

2024

Subsidiary
£

Total
£

At start of period

1,069,960

1,069,960

At end of period

1,069,960

1,069,960

2023

Subsidiary
£

Total
£

At start of period

919,725

919,725

Advanced

494,568

494,568

Repaid

(344,333)

(344,333)

At end of period

1,069,960

1,069,960

Loans from related parties

2024

Other related parties
£

Total
£

At start of period

499,900

499,900

Repaid

(5,000)

(5,000)

At end of period

494,900

494,900

2023

Other related parties
£

Total
£

At start of period

499,900

499,900

At end of period

499,900

499,900