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Company Registration No. 12630262 (England and Wales)
SAAS Properties Ltd Unaudited accounts for the year ended 31 May 2024
SAAS Properties Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
SAAS Properties Ltd Company Information for the year ended 31 May 2024
Director
Syed Ali Adnan Shah
Company Number
12630262 (England and Wales)
Registered Office
455 Whalley New Road Blackburn Lancashire BB1 9SP United Kingdom
- 3 -
SAAS Properties Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
702,103 
702,103 
Current assets
Cash at bank and in hand
8,695 
10,360 
Creditors: amounts falling due within one year
5
(480)
(480)
Net current assets
8,215 
9,880 
Total assets less current liabilities
710,318 
711,983 
Creditors: amounts falling due after more than one year
6
(673,109)
(675,318)
Net assets
37,209 
36,665 
Capital and reserves
Called up share capital
1 
1 
Capital contribution reserve
69,741 
69,741 
Profit and loss account
(32,533)
(33,077)
Shareholders' funds
37,209 
36,665 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 May 2025 and were signed on its behalf by
Syed Ali Adnan Shah Director Company Registration No. 12630262
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SAAS Properties Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
SAAS Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 12630262. The registered office is 455 Whalley New Road, Blackburn, Lancashire, BB1 9SP, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 June 2023
702,103 
At 31 May 2024
702,103 
Depreciation
At 31 May 2024
- 
Net book value
At 31 May 2024
702,103 
At 31 May 2023
702,103 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
480 
480 
- 5 -
SAAS Properties Ltd Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
440,150 
451,009 
Amounts owed to group undertakings and other participating interests
123,037 
123,037 
Loans from directors
109,922 
101,272 
673,109 
675,318 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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