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Registered Number: 12744580
England and Wales

 

 

 

SAAX PROPERTY INVESTMENTS LTD


Dormant Accounts
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Saax Property Investments Ltd for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Saax Property Investments Ltd for the year ended 31 August 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of Saax Property Investments Ltd, as a body, in accordance with the terms of our engagement letter dated 06 May 2025. Our work has been undertaken solely to prepare for your approval the accounts of Saax Property Investments Ltd and state those matters that we have agreed to state to the Board of Directors of Saax Property Investments Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Saax Property Investments Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Saax Property Investments Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Saax Property Investments Ltd. You consider that Saax Property Investments Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Saax Property Investments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 August 2024



....................................................
aa Chartered Accountants
5 Blenheim Court
Peppercorn Close
Peterborough
United Kingdom
PE1 2DU
06 May 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 511    511 
511    511 
Current assets      
Creditors: amount falling due within one year (8,660)   (8,660)
Net current assets (8,660)   (8,660)
 
Total assets less current liabilities (8,149)   (8,149)
Accruals and deferred income 1    1 
Net assets (8,148)   (8,148)
 

Capital and reserves
     
Called up share capital 1 100    100 
Profit and loss account (8,248)   (8,248)
Shareholders' funds (8,148)   (8,148)
 


For the year ended 31 August 2024 the company was entitled to exemption from audit under Section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.


The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 06 May 2025 and were signed on its behalf by:


-------------------------------
David John Saunders
Director
2
General Information
Saax Property Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 12744580, registration address Orchard House, The Village, Orton Longueville, Peterborough, England, PE2 7DN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Group accounts
SAAX Property Investments Ltd is 95% owned by Saunders-Axam & Sons Ltd (12740335) a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has, therefore, taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 20% Reducing Balance
2.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

3.

Average number of employees including directors

Average number of employees during the year was 2 (2023 : 2).
4.

Related Party Transactions


During the year the company entered into the following transactions with related parties:

Particulars Current
£
 2023
£
Saunders- Axam & Sons Ltd4,427 4,427 




3