Registered number
12262685
SAQS HOMES LTD
Filleted Accounts
30 November 2024
SAQS HOMES LTD
Registered number: 12262685
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 470 564
Investments 4 218,437 215,261
218,907 215,825
Current assets
Cash at bank and in hand 15,636 7,948
Creditors: amounts falling due within one year 5 (2,485) (1,550)
Net current assets 13,151 6,398
Total assets less current liabilities 232,058 222,223
Creditors: amounts falling due after more than one year 6 (279,238) (260,953)
Net liabilities (47,180) (38,730)
Capital and reserves
Called up share capital 50 50
Profit and loss account (47,230) (38,780)
Shareholder's funds (47,180) (38,730)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
SADIQ SALAMI
Director
Approved by the board on 4 March 2025
SAQS HOMES LTD
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 0
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 December 2023 940
At 30 November 2024 940
Depreciation
At 1 December 2023 376
Charge for the year 94
At 30 November 2024 470
Net book value
At 30 November 2024 470
At 30 November 2023 564
4 Investments
Other
investments
£
Cost
At 1 December 2023 215,261
Additions 3,176
At 30 November 2024 218,437
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,945 1,010
Other creditors 540 540
2,485 1,550
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 204,282 174,161
Other creditors 74,956 86,792
279,238 260,953
7 Other information
SAQS HOMES LTD is a private company limited by shares and incorporated in England. Its registered office is:
58 GOODWOOD DRIVE
WOLVERHAMPTON
WV10 6GH
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