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COMPANY REGISTRATION NUMBER: 11430367
Sai Real Estate Ltd
Unaudited Financial Statements
31 December 2024
Sai Real Estate Ltd
Strategic Report
Period from 1 July 2023 to 31 December 2024
This report was approved by the board of directors on 1 May 2025 and signed on behalf of the board by:
Mr Amit Pancholi Pancholi
Director
Registered office:
2 The Roundway
Leicester
England
LE4 9JY
Sai Real Estate Ltd
Directors' Report
Period from 1 July 2023 to 31 December 2024
The directors present their report and the unaudited financial statements of the company for the period ended 31 December 2024 .
Directors
The directors who served the company during the period were as follows:
Mr Amit Pancholi Pancholi
Mrs Hansa Pancholi Pancholi
Dividends
The directors do not recommend the payment of a dividend.
This report was approved by the board of directors on 1 May 2025 and signed on behalf of the board by:
Mr Amit Pancholi Pancholi
Director
Registered office:
2 The Roundway
Leicester
England
LE4 9JY
Sai Real Estate Ltd
Statement of Income and Retained Earnings
Period from 1 July 2023 to 31 December 2024
Period from
1 Jul 23 to
Year to
31 Dec 24
30 Jun 23
Note
£
£
Turnover
4
8,948
109
Cost of sales
288
-------
----
Gross profit
8,660
109
Administrative expenses
3,859
3,343
-------
-------
Operating profit/(loss)
5
4,801
( 3,234)
Other interest receivable and similar income
6
1
-------
-------
Profit/(loss) before taxation
4,802
( 3,234)
Tax on profit/(loss)
-------
-------
Profit/(loss) for the financial period and total comprehensive income
4,802
( 3,234)
-------
-------
All the activities of the company are from continuing operations.
Sai Real Estate Ltd
Statement of Financial Position
31 December 2024
31 Dec 24
30 Jun 23
Note
£
£
Fixed assets
Tangible assets
7
125
188
Current assets
Debtors
8
1,394
110
Cash at bank and in hand
599
215
-------
----
1,993
325
Creditors: amounts falling due within one year
9
450
3,647
-------
-------
Net current assets/(liabilities)
1,543
( 3,322)
-------
-------
Total assets less current liabilities
1,668
( 3,134)
-------
-------
Net assets/(liabilities)
1,668
( 3,134)
-------
-------
Capital and reserves
Called up share capital
10
100
100
Profit and loss account
1,568
( 3,234)
-------
-------
Shareholders funds/(deficit)
1,668
( 3,134)
-------
-------
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of directors and authorised for issue on 1 May 2025 , and are signed on behalf of the board by:
Mr Amit Pancholi Pancholi
Director
Company registration number: 11430367
Sai Real Estate Ltd
Statement of Cash Flows
Period from 1 July 2023 to 31 December 2024
31 Dec 24
30 Jun 23
£
£
Cash flows from operating activities
Profit/(loss) for the financial period
4,802
( 3,234)
Adjustments for:
Depreciation of tangible assets
63
62
Other interest receivable and similar income
( 1)
Accrued expenses
450
Changes in:
Trade and other debtors
( 1,284)
( 110)
Trade and other creditors
( 350)
350
-------
-------
Cash generated from operations
3,680
( 2,932)
Interest received
1
-------
-------
Net cash from/(used in) operating activities
3,681
( 2,932)
-------
-------
Cash flows from financing activities
Proceeds from borrowings
( 3,297)
3,297
-------
-------
Net cash (used in)/from financing activities
( 3,297)
3,297
-------
-------
Net increase in cash and cash equivalents
384
365
Cash and cash equivalents at beginning of period
215
----
----
Cash and cash equivalents at end of period
599
365
----
----
Sai Real Estate Ltd
Notes to the Financial Statements
Period from 1 July 2023 to 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 The Roundway, Leicester, LE4 9JY, England.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Turnover
The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.
5. Operating profit/(loss)
Operating profit or loss is stated after charging:
Period from
1 Jul 23 to
Year to
31 Dec 24
30 Jun 23
£
£
Depreciation of tangible assets
63
62
----
----
6. Other interest receivable and similar income
Period from
1 Jul 23 to
Year to
31 Dec 24
30 Jun 23
£
£
Interest on cash and cash equivalents
1
----
----
7. Tangible assets
Equipment
£
Cost
At 1 July 2023 and 31 December 2024
250
----
Depreciation
At 1 July 2023
62
Charge for the period
63
----
At 31 December 2024
125
----
Carrying amount
At 31 December 2024
125
----
At 30 June 2023
188
----
8. Debtors
31 Dec 24
30 Jun 23
£
£
Directors loan account
1,394
Other debtors
110
-------
----
1,394
110
-------
----
9. Creditors: amounts falling due within one year
31 Dec 24
30 Jun 23
£
£
Accruals and deferred income
450
Director loan accounts
3,297
Other creditors
350
----
-------
450
3,647
----
-------
10. Called up share capital
Issued and called up
31 Dec 24
30 Jun 23
No.
£
No.
£
Ordinary shares of £ 1 each
100
----
----
----
----
11. Analysis of changes in net debt
At 1 Jul 2023
Cash flows
At 31 Dec 2024
£
£
£
Cash at bank and in hand
215
384
599
Debt due within one year
(3,297)
3,297
-------
-------
----
( 3,082)
3,681
599
-------
-------
----
12. Directors' advances, credits and guarantees