Company registration number 02594940 (England and Wales)
SARAH-M ENTERPRISES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
92 Station Road
Clacton on Sea
Essex
CO15 1SG
SARAH-M ENTERPRISES LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
SARAH-M ENTERPRISES LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mrs J E Mirza
Mr S A Mirza
Company number
02594940
Registered office
22 Wash Lane
Clacton on Sea
Essex
CO15 1UR
Accountants
TC Group
92 Station Road
Clacton on Sea
Essex
CO15 1SG
SARAH-M ENTERPRISES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
2
3
Investment properties
5
2,522,421
2,292,121
2,522,423
2,292,124
Current assets
Debtors
6
72,803
137,604
Cash at bank and in hand
107,086
230,595
179,889
368,199
Creditors: amounts falling due within one year
7
(341,496)
(397,969)
Net current liabilities
(161,607)
(29,770)
Total assets less current liabilities
2,360,816
2,262,354
Creditors: amounts falling due after more than one year
8
(522,984)
(522,984)
Provisions for liabilities
(98,944)
(162,388)
Net assets
1,738,888
1,576,982
Capital and reserves
Called up share capital
1,000
1,000
Revaluation reserve
9
477,980
837,138
Profit and loss reserves
1,259,908
738,844
Total equity
1,738,888
1,576,982
SARAH-M ENTERPRISES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 3 -
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 7 May 2025 and are signed on its behalf by:
Mrs J E Mirza
Director
Company Registration No. 02594940
The notes on pages 4 to 7 form part of these financial statements
SARAH-M ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
1
Accounting policies
Company information
Sarah-M Enterprises Limited is a private company limited by shares incorporated in England and Wales. The registered office is 22 Wash Lane, Clacton on Sea, Essex, CO15 1UR.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for property rental provided in the normal course of business. The fair value of consideration takes into account trade discounts and settlement discounts.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
1.5
Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
SARAH-M ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
In the opinion of the directors there are no significant judgements or areas of estimation uncertainty.
SARAH-M ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
2
2
4
Tangible fixed assets
Plant and machinery
£
Cost
At 1 April 2024 and 31 March 2025
20,229
Depreciation and impairment
At 1 April 2024
20,226
Depreciation charged in the year
1
At 31 March 2025
20,227
Carrying amount
At 31 March 2025
2
At 31 March 2024
3
5
Investment property
2025
£
Fair value
At 1 April 2024
2,292,121
Additions
230,300
At 31 March 2025
2,522,421
The fair value of the investment properties at 31 March 2025 has been arrived at on the basis of a valuation carried out at that date by the directors who are not professionally qualified valuers.
SARAH-M ENTERPRISES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
801
Other debtors
72,803
136,803
72,803
137,604
7
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
32,821
27,319
Other creditors
308,675
370,650
341,496
397,969
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
522,984
522,984
9
Revaluation reserve
2025
2024
£
£
At the beginning of the year
837,138
837,138
Transfer to retained earnings
(359,158)
At the end of the year
477,980
837,138