Caseware UK (AP4) 2024.0.164 2024.0.164 2024-05-312024-05-312025-05-131Letting and operating of real estatetrue2023-05-16falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14873389 2023-05-15 14873389 2023-05-16 2024-05-31 14873389 2024-05-31 14873389 2022-05-16 2023-05-15 14873389 c:Director1 2023-05-16 2024-05-31 14873389 d:FreeholdInvestmentProperty 2023-05-16 2024-05-31 14873389 d:FreeholdInvestmentProperty 2024-05-31 14873389 d:CurrentFinancialInstruments 2024-05-31 14873389 d:Non-currentFinancialInstruments 2024-05-31 14873389 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 14873389 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 14873389 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-05-31 14873389 d:ShareCapital 2024-05-31 14873389 d:RetainedEarningsAccumulatedLosses 2024-05-31 14873389 c:FRS102 2023-05-16 2024-05-31 14873389 c:AuditExempt-NoAccountantsReport 2023-05-16 2024-05-31 14873389 c:FullAccounts 2023-05-16 2024-05-31 14873389 c:PrivateLimitedCompanyLtd 2023-05-16 2024-05-31 14873389 2 2023-05-16 2024-05-31 14873389 e:PoundSterling 2023-05-16 2024-05-31 iso4217:GBP xbrli:pure
Registered number: 14873389


SAR INVESTMENT LONDON LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MAY 2024

 
SAR INVESTMENT LONDON LTD
REGISTERED NUMBER: 14873389

BALANCE SHEET
AS AT 31 MAY 2024

2024
Note
£

Fixed assets
  

Investment property
 4 
2,015,629

  
2,015,629

Current assets
  

Cash at bank and in hand
 5 
2,109

  
2,109

Creditors: amounts falling due within one year
  
(2,400)

Net current (liabilities)/assets
  
 
 
(291)

Total assets less current liabilities
  
2,015,338

Creditors: amounts falling due after more than one year
 7 
(2,034,396)

  

Net (liabilities)/assets
  
(19,058)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(19,158)

  
(19,058)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Page 1

 
SAR INVESTMENT LONDON LTD
REGISTERED NUMBER: 14873389
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

................................................
E V Ozyilmaz
Director

Date: 13 May 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
SAR INVESTMENT LONDON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

1.


General information

SAR investment London Ltd is a limited company, registered in the UK in England and Wales. The registered office address is 1 Vincent Square, London, SW1P 2PN.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.

Page 3

 
SAR INVESTMENT LONDON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
2,015,629



At 31 May 2024
2,015,629

The 2024 valuations were made by the director, on an open market value for existing use basis.



At 31 May 2024



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
£


Historic cost
2,045,109

2,045,109


5.


Cash and cash equivalents

2024
£

Cash at bank and in hand
2,109

2,109



6.


Creditors: Amounts falling due within one year

2024
£

Accruals and deferred income
2,400

2,400


Page 4

 
SAR INVESTMENT LONDON LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

7.


Creditors: Amounts falling due after more than one year

2024
£

Other loans
2,034,396

2,034,396



8.


Loans


Analysis of the maturity of loans is given below:


2024
£




Amounts falling due after more than 5 years

Other loans
2,034,396

2,034,396

2,034,396



9.


Related party transactions

During the period under review, the company was advanced loans of £2,034,396 by Mr I H Sari, a relative of the director.  The amount owing at the balance sheet date, shown within creditors due after more than 5 years is made interest free.

 
Page 5