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Registered number: 09002645










SANNAM S4 LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
SANNAM S4 LIMITED
REGISTERED NUMBER: 09002645

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
4,828
5,837

Investments
 6 
71,694
71,694

  
76,522
77,531

Current assets
  

Debtors
 7 
1,887,150
2,915,670

Bank and cash balances
  
436,013
403,653

  
2,323,163
3,319,323

Creditors: amounts falling due within one year
 8 
(4,142,614)
(4,387,468)

Net current liabilities
  
 
 
(1,819,451)
 
 
(1,068,145)

Total assets less current liabilities
  
(1,742,929)
(990,614)

  

Net liabilities
  
(1,742,929)
(990,614)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(1,742,930)
(990,615)

  
(1,742,929)
(990,614)


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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
A N Mutton
Director

Date: 1 March 2025

Page 1

 
SANNAM S4 LIMITED
REGISTERED NUMBER: 09002645
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 
SANNAM S4 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Sannam S4 Limited is a private company limited by shares, and incorporated in England and Wales. The address of the registered office is 2 London Wall Place, London, EC2Y 5AU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis.  The Directors have considered relevant information, including the annual budget, forecast future cash flows and the impact of subsequent events in making their assessment.
The company made a loss of £752,316 (2023: £283,664), its current liabilities exceeded its current assets by £1,819,451 (2023: £1,068,145) and has net liabilities of £1,742,929 (2023: £990,614).  The parent company has confirmed its continued support for the company and that it has the ability to do so.
Based on these assessments and having regard to the resources available to the entity, the Directors have concluded that there is no material uncertainty and that they can continue to adopt the going concern basis in preparing the annual report and accounts for the foreseeable future.


Page 3

 
SANNAM S4 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP and the financial statements have
been rounded to the nearest £1.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
SANNAM S4 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer and office equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
SANNAM S4 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company's accounting policies.
The critical accounting estimates or judgements relevant to the financial statements are embedded within relevant notes to the financial statements:
Recoverability of trade debtors
Management determine whether an impairment provision is required against trade debtors. Management's assessment is based on the financial position and performance of the customers, including
the ability of the customers to repay the outstanding amounts. 
Timing of revenue recognition
The Company enters into some project based work, and revenue is only recognised to the extent that it is
probable that the economic benefits will flow to the company and the revenue can be reliably measured.


4.


Employees

The average monthly number of employees, including directors, during the year was 11 (2023 - 13).

Page 6

 
SANNAM S4 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Computer and office equipment

£



Cost 


At 1 April 2023
16,482


Additions
2,907



At 31 March 2024

19,389



Depreciation


At 1 April 2023
10,645


Charge for the year
3,916



At 31 March 2024

14,561



Net book value



At 31 March 2024
4,828



At 31 March 2023
5,837


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 April 2023
71,694



At 31 March 2024
71,694




Page 7

 
SANNAM S4 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Debtors

2024
2023
£
£



Trade debtors
314,705
691,079

Amounts owed by group undertakings
588,718
812,087

Other debtors
2,660
21,958

Prepayments and accrued income
981,067
1,390,546

1,887,150
2,915,670



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
29,469
49,548

Amounts owed to group undertakings
961,040
1,660,191

Other taxation and social security
343,824
366,914

Other creditors
292,972
187,209

Accruals and deferred income
2,515,309
2,123,606

4,142,614
4,387,468



9.


Related party transactions

As the company is a wholly owned subsidiary of Sannam S4 Acumen Ltd, the company has taken advantage of the exemption in FRS102 disclosure paragraph 33.1A not to disclose transactions in the year between the group undertakings where 100% of the voting rights are controlled within the group.


10.


Controlling party

On 18 December 2023, all shares owned by Sannam S4 Investment Pte Ltd were transferred to Sannam S4 Acumen Limited.  The smallest and largest Group in which Sannam S4 Limited is a member and for which Group financial statements are prepared is headed up by Sannam S4 Acumen Limited.
There is no ultimate controlling party.


11.


Auditor's information

The auditor's report on the financial statements for the year ended 31 March 2024 was unqualified.

The audit report was signed on 3 March 2025 by Yogan Patel FCA (Senior statutory auditor) on behalf of MHA.

 
Page 8