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REGISTERED NUMBER: 03207523 (England and Wales)











SARACEN HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024






SARACEN HOLDINGS LIMITED (REGISTERED NUMBER: 03207523)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


SARACEN HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTOR: M J Gardiner





REGISTERED OFFICE: 20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE





REGISTERED NUMBER: 03207523 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE

SARACEN HOLDINGS LIMITED (REGISTERED NUMBER: 03207523)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investments 4 200 200
Investment property 5 560,000 560,000
560,200 560,200

CURRENT ASSETS
Cash at bank 3,460 2,604

CREDITORS
Amounts falling due within one year 6 1,032,327 1,011,294
NET CURRENT LIABILITIES (1,028,867 ) (1,008,690 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(468,667

)

(448,490

)

CREDITORS
Amounts falling due after more than one
year

7

16,708

37,006
NET LIABILITIES (485,375 ) (485,496 )

CAPITAL AND RESERVES
Called up share capital 9 67,200 67,200
Fair value reserve 10 464,500 464,500
Retained earnings 10 (1,017,075 ) (1,017,196 )
SHAREHOLDERS' FUNDS (485,375 ) (485,496 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SARACEN HOLDINGS LIMITED (REGISTERED NUMBER: 03207523)

BALANCE SHEET - continued
30TH SEPTEMBER 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 director and authorised for issue on 3rd May 2025 and were signed by:





M J Gardiner - Director


SARACEN HOLDINGS LIMITED (REGISTERED NUMBER: 03207523)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


1. STATUTORY INFORMATION

Saracen Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Saracen Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value 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 balance sheet date.


SARACEN HOLDINGS LIMITED (REGISTERED NUMBER: 03207523)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued
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 year 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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1st October 2023
and 30th September 2024 200
NET BOOK VALUE
At 30th September 2024 200
At 30th September 2023 200

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st October 2023
and 30th September 2024 560,000
NET BOOK VALUE
At 30th September 2024 560,000
At 30th September 2023 560,000

SARACEN HOLDINGS LIMITED (REGISTERED NUMBER: 03207523)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


5. INVESTMENT PROPERTY - continued

Fair value at 30th September 2024 is represented by:
£   
Valuation in 2015 384,500
Valuation in 2016 10,000
Valuation in 2017 10,000
Valuation in 2018 10,000
Valuation in 2019 10,000
Valuation in 2020 40,000
Cost 95,500
560,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 95,500 95,500

Investment property was valued on an open market basis on 30th September 2024 by the director .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,897 9,654
Amounts owed to group undertakings 646,538 622,108
Taxation and social security 2,034 1,786
Other creditors 377,858 377,746
1,032,327 1,011,294

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 16,708 37,006

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 22,605 46,660

The bank loans are secured on the freehold properties.

SARACEN HOLDINGS LIMITED (REGISTERED NUMBER: 03207523)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
67,200 Ordinary £1 67,200 67,200

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1st October 2023 (1,017,196 ) 464,500 (552,696 )
Profit for the year 121 121
At 30th September 2024 (1,017,075 ) 464,500 (552,575 )