IRIS Accounts Productionv24.1.4.3314118027Board of Directors1.6.2331.3.2431.3.2400falsetruefalsefalsetruefalse iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh141180272023-05-31141180272024-03-31141180272023-06-012024-03-31141180272022-05-18141180272022-05-192023-05-31141180272023-05-3114118027ns15:EnglandWales2023-06-012024-03-3114118027ns14:PoundSterling2023-06-012024-03-3114118027ns10:Director12023-06-012024-03-3114118027ns10:PrivateLimitedCompanyLtd2023-06-012024-03-3114118027ns10:SmallEntities2023-06-012024-03-3114118027ns10:AuditExempt-NoAccountantsReport2023-06-012024-03-3114118027ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-03-3114118027ns10:SmallCompaniesRegimeForAccounts2023-06-012024-03-3114118027ns10:FullAccounts2023-06-012024-03-3114118027ns10:Director22023-06-012024-03-3114118027ns10:RegisteredOffice2023-06-012024-03-3114118027ns5:CurrentFinancialInstruments2024-03-3114118027ns5:CurrentFinancialInstruments2023-05-3114118027ns5:Non-currentFinancialInstruments2024-03-3114118027ns5:Non-currentFinancialInstruments2023-05-3114118027ns5:ShareCapital2024-03-3114118027ns5:ShareCapital2023-05-3114118027ns5:FurtherSpecificReserve1ComponentTotalEquity2024-03-3114118027ns5:FurtherSpecificReserve1ComponentTotalEquity2023-05-3114118027ns5:RetainedEarningsAccumulatedLosses2024-03-3114118027ns5:RetainedEarningsAccumulatedLosses2023-05-3114118027ns5:LandBuildings2023-05-3114118027ns5:LandBuildings2024-03-3114118027ns5:LandBuildings2023-05-3114118027ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-03-3114118027ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-05-31

REGISTERED NUMBER: 14118027 (England and Wales)




Report of the Directors and

Unaudited Financial Statements

for the Period 1 June 2023 to 31 March 2024

for


Sapphire Heights Ltd


Sapphire Heights Ltd (Registered number: 14118027)







Contents of the Financial Statements

for the Period 1 June 2023 to 31 March 2024





Page



Company Information  

1



Report of the Directors  

2



Balance Sheet  

3



Notes to the Financial Statements  

5




Sapphire Heights Ltd


Company Information

for the Period 1 June 2023 to 31 March 2024









DIRECTORS:

Mr Said Shittu


Mr Henry Okpor







REGISTERED OFFICE:

71-75 Shelton Street


Covent Garden


London


WC2H 9JQ







REGISTERED NUMBER:

14118027 (England and Wales)







ACCOUNTANTS:

Argon & Krypton Consulting Ltd


(Chartered Certified Accountants & Tax Advisers)


Unit 6


Town Quay Wharf


Abbey Road


Barking


Essex


IG11 7BZ


Sapphire Heights Ltd (Registered number: 14118027)


Report of the Directors

for the Period 1 June 2023 to 31 March 2024


The directors present their report with the financial statements of the company for the period 1 June 2023 to 31 March 2024.  


DIRECTORS

The directors set out in the table below have held office during the whole of the period from 1 June 2023 to the date of this report.


The beneficial interests of the directors holding office at 31 March 2024 in the shares of the company, according to the register of directors' interests, were as follows:



31.3.24


1.6.23

Ordinary shares of £1 each

Mr Said Shittu   

-


-



Mr Henry Okpor   

200


200




These directors did not hold any non-beneficial interests in the shares of the company.


This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.


ON BEHALF OF THE BOARD:






Mr Henry Okpor - Director



1 May 2025


Sapphire Heights Ltd (Registered number: 14118027)


Balance Sheet

31 March 2024



31.3.24

31.5.23



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

428,928


428,928




CURRENT ASSETS

Debtors

5

100


100



Cash in hand

200


200



300


300



CREDITORS

Amounts falling due within one year

6

1,410


685



NET CURRENT LIABILITIES

(1,110

)

(385

)


TOTAL ASSETS LESS CURRENT

LIABILITIES

427,818


428,543




CREDITORS

Amounts falling due after more than one

year

7

405,671


405,328



NET ASSETS

22,147


23,215




CAPITAL AND RESERVES

Called up share capital

300


300



Directors Loan

38,049


38,049



Retained earnings

(16,202

)

(15,134

)


SHAREHOLDERS' FUNDS

22,147


23,215




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


The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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.


Sapphire Heights Ltd (Registered number: 14118027)


Balance Sheet - continued

31 March 2024



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 1 May 2025 and were signed on its behalf by:






Mr Henry Okpor - Director



Sapphire Heights Ltd (Registered number: 14118027)


Notes to the Financial Statements

for the Period 1 June 2023 to 31 March 2024


1.

STATUTORY INFORMATION



Sapphire Heights Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.


Tangible fixed assets


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



Taxation

Taxation for the period 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 period 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.


Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.

EMPLOYEES AND DIRECTORS



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


Sapphire Heights Ltd (Registered number: 14118027)


Notes to the Financial Statements - continued

for the Period 1 June 2023 to 31 March 2024


4.

TANGIBLE FIXED ASSETS


Land and


buildings

£   



COST


At 1 June 2023


and 31 March 2024

428,928




NET BOOK VALUE


At 31 March 2024

428,928




At 31 May 2023

428,928




5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.3.24


31.5.23

£   

£   



Debtors

100


100




6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.3.24


31.5.23

£   

£   



Trade creditors

1,410


685




7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR



31.3.24


31.5.23

£   

£   



Mortgage

279,328


279,328




Directors Loan

126,343


126,000



405,671


405,328





Amounts falling due in more than five years:



Repayable otherwise than by instalments


Mortgage

279,328


279,328