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REGISTERED NUMBER: 10741895 (England and Wales)















Financial Statements for the Year Ended 31 October 2024

for

Saihent Limited

Saihent Limited (Registered number: 10741895)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Saihent Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: G T Shanks
C Shanks





REGISTERED OFFICE: 1 Northbury Avenue
Ruscombe
Reading
Berkshire
RG10 9LH





REGISTERED NUMBER: 10741895 (England and Wales)





ACCOUNTANTS: Millward, May & Co
The Overhangs
55a Peach Street
Wokingham
Berkshire
RG40 1XP

Saihent Limited (Registered number: 10741895)

Statement of Financial Position
31 October 2024

31.10.24 31.10.23
Notes £    £   
CURRENT ASSETS
Debtors 5 30,094 62,071
Cash at bank 2,731 3,603
32,825 65,674
CREDITORS
Amounts falling due within one year 6 1,608 1,508
NET CURRENT ASSETS 31,217 64,166
TOTAL ASSETS LESS CURRENT LIABILITIES 31,217 64,166

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 31,117 64,066
SHAREHOLDERS' FUNDS 31,217 64,166

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

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

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by:





G T Shanks - Director


Saihent Limited (Registered number: 10741895)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Saihent 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 3 year straight line

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to or from related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss 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 statement of financial position date.

Fixed asset investments
Equity investments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2023 712
Disposals (712 )
At 31 October 2024 -
DEPRECIATION
At 1 November 2023 712
Eliminated on disposal (712 )
At 31 October 2024 -
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

Saihent Limited (Registered number: 10741895)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. DEBTORS
31.10.24 31.10.23
£    £   
Amounts falling due within one year:
Other debtors 30,094 -

Amounts falling due after more than one year:
Amounts owed by related parties - 62,071

Aggregate amounts 30,094 62,071

Included above is £211,441 of monies due from related companies in the 2023 Financial Accounts. The Directors considered recoverability of the balances owed and found it appropriate to impair these balances by £149,370 in the 2023 Accounts.

The companies are related by mutual Director. This loan is secured by a floating charge over the related company’s assets and accrues interest at 8% which is payable on maturity.

Within the 2024 Financial Accounts, the remaining balances have been written off as they were deemed irrecoverable.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other creditors 1,608 1,508

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

During the period the directors maintained a loan account with the company. At the period end the company owed the directors £758 (2023 - £758). This loan is interest free, repayable on demand and shown within other creditors.