Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01falseThe principal activity of the company in the year under review was that of holding investment properties and property development22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04518517 2023-07-01 2024-06-30 04518517 2022-07-01 2023-06-30 04518517 2024-06-30 04518517 2023-06-30 04518517 c:Director1 2023-07-01 2024-06-30 04518517 d:FreeholdInvestmentProperty 2023-07-01 2024-06-30 04518517 d:FreeholdInvestmentProperty 2024-06-30 04518517 d:FreeholdInvestmentProperty 2023-06-30 04518517 d:FreeholdInvestmentProperty 2 2023-07-01 2024-06-30 04518517 d:FreeholdInvestmentProperty 3 2023-07-01 2024-06-30 04518517 d:CurrentFinancialInstruments 2024-06-30 04518517 d:CurrentFinancialInstruments 2023-06-30 04518517 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 04518517 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 04518517 d:ShareCapital 2024-06-30 04518517 d:ShareCapital 2023-06-30 04518517 d:InvestmentPropertiesRevaluationReserve 2024-06-30 04518517 d:InvestmentPropertiesRevaluationReserve 2023-06-30 04518517 d:RetainedEarningsAccumulatedLosses 2024-06-30 04518517 d:RetainedEarningsAccumulatedLosses 2023-06-30 04518517 c:OrdinaryShareClass1 2023-07-01 2024-06-30 04518517 c:OrdinaryShareClass1 2024-06-30 04518517 c:OrdinaryShareClass1 2023-06-30 04518517 c:OrdinaryShareClass2 2023-07-01 2024-06-30 04518517 c:OrdinaryShareClass2 2024-06-30 04518517 c:OrdinaryShareClass2 2023-06-30 04518517 c:OrdinaryShareClass3 2023-07-01 2024-06-30 04518517 c:OrdinaryShareClass3 2024-06-30 04518517 c:OrdinaryShareClass3 2023-06-30 04518517 c:FRS102 2023-07-01 2024-06-30 04518517 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04518517 c:FullAccounts 2023-07-01 2024-06-30 04518517 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04518517 6 2023-07-01 2024-06-30 04518517 f:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04518517










SAHANA ESTATES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024



 
SAHANA ESTATES LIMITED
REGISTERED NUMBER: 04518517

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
-
100

Investment property
 5 
3,448,420
2,265,420

  
3,448,420
2,265,520

Current assets
  

Stocks
 6 
-
736,650

Debtors: amounts falling due within one year
 7 
693,484
752,230

Cash at bank and in hand
  
407,244
202,426

  
1,100,728
1,691,306

Creditors: amounts falling due within one year
 8 
(1,326,513)
(879,726)

Net current (liabilities)/assets
  
 
 
(225,785)
 
 
811,580

Total assets less current liabilities
  
3,222,635
3,077,100

  

Net assets
  
3,222,635
3,077,100


Capital and reserves
  

Called up share capital 
 9 
11,827
11,827

Investment property reserve
  
(194,833)
(195,316)

Profit and loss account
  
3,405,641
3,260,589

  
3,222,635
3,077,100


Page 1

 
SAHANA ESTATES LIMITED
REGISTERED NUMBER: 04518517

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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: 




D R Fitzjohn
Director

Date: 20 March 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
SAHANA ESTATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Sahana Estates Limited is a limited liability company incorporated in England and Wales. The company's registered office is The Orchard, Manor Road, Goring, Reading, RG8 9DP.

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 following principal accounting policies have been applied:

 
2.2

Turnover

Turnover represents sale of property, rents receivable and net invoiced sales of services, excluding value added tax.

 
2.3

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each balance sheet date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each balance sheet date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

 
2.4

Investment property

Investment properties are included in the financial statements at their fair value in accordance with FRS 102 and are not depreciated. Changes in fair value are recognised in profit or loss. 

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

Work in progress

Work in progress is stated at the lower of cost and net realisable value.

 
2.7

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.

Page 3

 
SAHANA ESTATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
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.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.12

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.



3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
SAHANA ESTATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Fixed asset investments





Investments in subsidiary companies

£





At 1 July 2023
100


Disposals
(100)



At 30 June 2024
-





5.


Investment property


Freehold investment property

£



Valuation


At 1 July 2023
2,265,420


Additions at cost
440,717


Surplus on revaluation
483


Transfers between classes
741,800



At 30 June 2024
3,448,420


Comprising


Cost
3,643,253

Annual revaluation surplus/(deficit):


Pre 2023
(195,316)

2024
483

At 30 June 2024
3,448,420

The 2024 valuations were made by the directors, on an open market value for existing use basis.

2024
2023
£
£

Revaluation reserves


At 1 July 2023
(195,316)
(195,316)

Net gain in investment properties
483
-

At 30 June 2024
(194,833)
(195,316)




Page 5

 
SAHANA ESTATES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Work in progress

2024
2023
£
£

Work in progress
-
736,650



7.


Debtors

2024
2023
£
£


Other debtors
677,395
750,825

Prepayments and accrued income
16,089
1,405

693,484
752,230



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
51,091
26,729

Other creditors
1,229,497
829,497

Accruals and deferred income
45,925
23,500

1,326,513
879,726



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



11,807 (2023 - 11,807) Ordinary shares of £1.00 each
11,807
11,807
10 (2023 - 10) Ordinary A shares of £1.00 each
10
10
10 (2023 - 10) Ordinary B shares of £1.00 each
10
10

11,827

11,827

All shares rank pari passu with each other, however the directors have the authority to pay differing rates of dividends on each class of share.



10.


Related party transactions

At the balance sheet date the company owed £400,000 to a director (2023: £750,168 was owed by a director to the company). The balance is included in other creditors (2023: other debtors). Interest has been charged on the balance at 2% and the loan has no fixed repayment terms.

Page 6