REGISTERED NUMBER: 13536647 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

SAN PADAM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S Singh

REGISTERED OFFICE:

9 Douglas Little Strand

London

NW9 5NS

REGISTERED NUMBER:

13536647 (England and Wales)

ACCOUNTANTS:

Peter Jarman LLP

trading as

Peter Jarman & Company

1 Harbour House

Harbour Way

Shoreham by Sea

West Sussex

BN43 5HZ

FIXED ASSETS

Investment property

4

248,200

248,200

CURRENT ASSETS

Debtors

5

291

68

Cash at bank

1,233

2,224

1,524

2,292

CREDITORS

Amounts falling due within one year

6

(869

)

(391

)

NET CURRENT ASSETS

655

1,901

TOTAL ASSETS LESS CURRENT LIABILITIES

248,855

250,101

CREDITORS

Amounts falling due after more than one year

7

(248,645

)

(250,068

)

NET ASSETS

210

33

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

209

32

SHAREHOLDERS' FUNDS

210

33

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

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

The director acknowledges his 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.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 April 2025 and were signed by:

Mr S Singh - Director

1.	STATUTORY INFORMATION

San Padam Limited 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.

Turnover

Turnover represents rents receivable on investment properties for the accounting period.

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 1 (2023 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2023

and 31 July 2024

248,200

NET BOOK VALUE

At 31 July 2024

248,200

At 31 July 2023

248,200

The first property was purchased in October 2021 and has not been revalued at the year end 31st July 2024 as the director does not believe the market value of the property would have changed in this period.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

291

68

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

42

125

Other creditors

827

266

869

391

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

113,680

113,680

Other creditors

134,965

136,388

248,645

250,068

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans

113,680

113,680

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

113,680

113,680

The mortgage is secured by a charge over the assets in the company including the investment property.