Registered number
06329390
SACISA LIMITED
Accounts
31 July 2024
SACISA LIMITED
Registered number: 06329390
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 47,216 62,955
Current assets
Investments held as current assets 4 23,642,476 12,344,634
Cash at bank and in hand 1,935 27,829
23,644,411 12,372,463
Creditors: amounts falling due within one year 5 (15,868,397) (5,807,436)
Net current assets 7,776,014 6,565,027
Net assets 7,823,230 6,627,982
Capital and reserves
Called up share capital 200 200
Profit and loss account 7,823,030 6,927,782
Shareholders' funds 7,823,230 6,927,982
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 members have 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.
MR BHAVESH PATEL
Director
Approved by the board on 30 April 2025
SACISA LIMITED
Notes to the Accounts
for the year ended 31 July 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 represents the commissions and profits earned on the trading of stocks and securities.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office Equipment 25% Reducing Balance
Motor vehicle 25% Reducing Balance
Investments
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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2023 19,374 104,689 124,063
At 31 July 2024 19,374 104,689 124,063
Depreciation
At 1 August 2023 15,307 45,801 61,108
Charge for the year 1,017 14,722 15,739
At 31 July 2024 16,324 60,523 76,847
Net book value
At 31 July 2024 3,050 44,166 47,216
At 31 July 2023 4,067 58,888 62,955
4 Investments held as current assets 2024 2023
£ £
Fair value
Listed investments 23,642,477 12,644,634
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 50,631 357
Other creditors 15,817,766 5,807,079
15,868,397 5,807,436
6 Controlling party
The company is controlled by the director, who together with his other family members, hold all of the ordinary issued share capital.
7 Other information
SACISA LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
264, Stoney Stanton Rd. Coventry. CV1 4FP
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