Caseware UK (AP4) 2024.0.164 2024.0.164 2023-04-01falseNo description of principal activity00falsetruefalse 09515314 2023-04-01 2024-03-31 09515314 2022-04-01 2023-03-31 09515314 2024-03-31 09515314 2023-03-31 09515314 2022-04-01 09515314 c:Director1 2023-04-01 2024-03-31 09515314 d:FreeholdInvestmentProperty 2023-04-01 2024-03-31 09515314 d:FreeholdInvestmentProperty 2024-03-31 09515314 d:FreeholdInvestmentProperty 2023-03-31 09515314 d:FreeholdInvestmentProperty 2 2023-04-01 2024-03-31 09515314 d:CurrentFinancialInstruments 2024-03-31 09515314 d:CurrentFinancialInstruments 2023-03-31 09515314 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09515314 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09515314 d:ShareCapital 2023-04-01 2024-03-31 09515314 d:ShareCapital 2024-03-31 09515314 d:ShareCapital 2022-04-01 2023-03-31 09515314 d:ShareCapital 2023-03-31 09515314 d:ShareCapital 2022-04-01 09515314 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 09515314 d:RetainedEarningsAccumulatedLosses 2024-03-31 09515314 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 09515314 d:RetainedEarningsAccumulatedLosses 2023-03-31 09515314 d:RetainedEarningsAccumulatedLosses 2022-04-01 09515314 c:OrdinaryShareClass1 2023-04-01 2024-03-31 09515314 c:OrdinaryShareClass1 2024-03-31 09515314 c:OrdinaryShareClass1 2023-03-31 09515314 c:FRS102 2023-04-01 2024-03-31 09515314 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09515314 c:FullAccounts 2023-04-01 2024-03-31 09515314 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09515314 6 2023-04-01 2024-03-31 09515314 f:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 09515314










Sarnia (Office) Properties Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 March 2024

 
Sarnia (Office) Properties Limited
Registered number: 09515314

Balance sheet
As at 31 March 2024

2024
2024
2023
2023
Note
£
£
£
£

Fixed assets
  

Investments
 3 
1
-

Investment property
 4 
687,702
2,615,000

  
687,703
2,615,000

Current assets
  

Debtors: amounts falling due within one year
 5 
2,276,551
34,555

Bank and cash balances
  
1,079
50,192

  
2,277,630
84,747

Creditors: amounts falling due within one year
 6 
(1,683,779)
(1,379,078)

Net current assets/(liabilities)
  
 
 
593,851
 
 
(1,294,331)

Total assets less current liabilities
  
1,281,554
1,320,669

  

Net assets
  
1,281,554
1,320,669


Capital and reserves
  

Called up share capital 
 7 
300
300

Profit and loss account
 8 
1,281,254
1,320,369

  
1,281,554
1,320,669


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 members have not required the Company to obtain an audit.

The Company has opted not to file the profit and loss account 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 on 9 March 2025.




R N Harris
Director

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

Page 1

 
Sarnia (Office) Properties Limited
 

Statement of changes in equity
For the year ended 31 March 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2023
300
1,320,369
1,320,669


Comprehensive income for the year

Loss for the year
-
(39,115)
(39,115)
Total comprehensive income for the year
-
(39,115)
(39,115)


At 31 March 2024
300
1,281,254
1,281,554



Statement of changes in equity
For the year ended 31 March 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 April 2022
300
261,753
262,053


Comprehensive income for the year

Profit for the year
-
1,058,616
1,058,616
Total comprehensive income for the year
-
1,058,616
1,058,616


At 31 March 2023
300
1,320,369
1,320,669


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

Page 2

 
Sarnia (Office) Properties Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

1.


General information

Sarnia (Office) Properties Limited ("the company") is a private company limited by shares and was incorporated in England with the registration number 09515314. The address of the registered office is 2nd Floor, 168 Shoreditch High Street, London, E1 6RA. The principal activity of the company is that of property investment.

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

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.6

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.

 
2.7

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 3

 
Sarnia (Office) Properties Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

2.Accounting policies (continued)

 
2.8

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.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


Additions
1



At 31 March 2024
1







4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
2,615,000


Additions at cost
198,585


Disposals
(941,509)


Surplus on revaluation
(1,184,374)



At 31 March 2024
687,702

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



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
687,702
1,430,626

687,702
1,430,626

Page 4

 
Sarnia (Office) Properties Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
2,243,136
-

Other debtors
15,400
18,359

Called up share capital not paid
300
300

Prepayments and accrued income
17,715
15,896

2,276,551
34,555



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
1,625,928
952,832

Other loans
-
400,000

Trade creditors
44,255
23,574

Other creditors
6,096
2,672

Accruals and deferred income
7,500
-

1,683,779
1,379,078



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



300 (2023 - 300) Ordinary shares of £1.00 each
300
300





8.


Reserves

Profit and loss account

The Profit and loss account comprises all current and prior period retained profits and losses.
Share capital
This represents the nominal value of shares that have been issued by the company.

Page 5

 
Sarnia (Office) Properties Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

9.


Related party transactions

During the year the company paid interim dividends of £Nil (2023: £30,000) to the directors.
During the year the company was owed an amount of £2,243,136 (2023: £Nil), from Oxlo Residential Developments Limited. A company which Sarnia (Office) Properties Limted has full ownership of. 


10.


Controlling party

The company is controlled by its directors.


Page 6