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REGISTERED NUMBER: 14118261 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 May 2024

for

Sa Future Living Ltd

Sa Future Living Ltd (Registered number: 14118261)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Sa Future Living Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: A J Pereira
S C Wright





SECRETARY: A J Pereira





REGISTERED OFFICE: 20-22 Wenlock Road
London
N1 7GU





REGISTERED NUMBER: 14118261 (England and Wales)





ACCOUNTANTS: KLN Accountancy Services Ltd
1 - 2 Basford House
Derby Road
Heanor
Derbyshire
DE75 7QL

Sa Future Living Ltd (Registered number: 14118261)

Report of the Directors
for the Year Ended 31 May 2024

The directors present their report with the financial statements of the company for the year ended 31 May 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 June 2023 to the date of this report.

A J Pereira
S C Wright

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





A J Pereira - Director


27 February 2025

Sa Future Living Ltd (Registered number: 14118261)

Income Statement
for the Year Ended 31 May 2024

Period
19.5.22
Year Ended to
31.5.24 31.5.23
£    £   

TURNOVER - -

Administrative expenses 17,399 11,706
(17,399 ) (11,706 )

Other operating income 25,484 -
OPERATING PROFIT/(LOSS) 8,085 (11,706 )


Interest payable and similar expenses - 9,811
PROFIT/(LOSS) BEFORE TAXATION 8,085 (21,517 )

Tax on profit/(loss) - -
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

8,085

(21,517

)

Sa Future Living Ltd (Registered number: 14118261)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 397,101 362,623

CURRENT ASSETS
Cash at bank 5,940 8,716

CREDITORS
Amounts falling due within one year 5 416,471 201,604
NET CURRENT LIABILITIES (410,531 ) (192,888 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(13,430

)

169,735

CREDITORS
Amounts falling due after more than one year 6 - 191,250
NET LIABILITIES (13,430 ) (21,515 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (13,432 ) (21,517 )
(13,430 ) (21,515 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Sa Future Living Ltd (Registered number: 14118261)

Balance Sheet - continued
31 May 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:




A J Pereira - Director



S C Wright - Director


Sa Future Living Ltd (Registered number: 14118261)

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

1. STATUTORY INFORMATION

Sa Future Living Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Sa Future Living Ltd (Registered number: 14118261)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 362,623
Additions 34,478
At 31 May 2024 397,101
NET BOOK VALUE
At 31 May 2024 397,101
At 31 May 2023 362,623

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors (1 ) -
Other creditors 416,472 201,604
416,471 201,604

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans - 191,250

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 191,250