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Company Registration No. 10349399 (England and Wales)
Saint Properties London Ltd Unaudited accounts for the year ended 31 August 2024
Saint Properties London Ltd Unaudited accounts Contents
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Saint Properties London Ltd Company Information for the year ended 31 August 2024
Directors
Rajinder Saini Berjinder Saini
Company Number
10349399 (England and Wales)
Registered Office
22 Crowland Avenue Hayes England UB3 4JN United Kingdom
Accountants
Zenith Accountancy Ltd 243 The Broadway Southall London United Kingdom UB1 1NF
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Saint Properties London Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investments
279,461 
279,461 
Current assets
Cash at bank and in hand
1,116 
1,259 
Creditors: amounts falling due within one year
1,478 
(3,519)
Net current assets/(liabilities)
2,594 
(2,260)
Total assets less current liabilities
282,055 
277,201 
Creditors: amounts falling due after more than one year
(259,763)
(262,773)
Net assets
22,292 
14,428 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
22,291 
14,427 
Shareholders' funds
22,292 
14,428 
For the year ending 31 August 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 directors acknowledge their 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 of Directors and authorised for issue on 15 May 2025 and were signed on its behalf by
Rajinder Saini Director Company Registration No. 10349399
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Saint Properties London Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Saint Properties London Ltd is a private company, limited by shares, registered in England and Wales, registration number 10349399. The registered office is 22 Crowland Avenue, Hayes, England, UB3 4JN, 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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover
Turnover represents rent receivable. Income is recognised over the period of the tenancy agreement.
Financial instruments
The company has elected to apply the provisions of section 11 ' Basic Financial Instruments' and section 12 'Other Financial Instruments issues' of FRS 102 to all of its financial instruments. Basic financial assets, which includes debtors, cash and bank balances, are initially measured a transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement consists of a financing transaction, where the transaction is measured at the present value of the future receipts discounted at market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Cash at bank and in hand
Cash at bank and in hand 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.
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Saint Properties London Ltd Notes to the Accounts for the year ended 31 August 2024
Taxation
The tax expenses represents the sum of the tax currently payable. The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further includes 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 taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investments
Other investments 
£ 
Valuation at 1 September 2023
279,461 
Valuation at 31 August 2024
279,461 
The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 August 2018 by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. No depreciation is provided in respect of these investment properties.
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,845 
794 
Loans from directors
(5,857)
191 
Accruals
2,534 
2,534 
(1,478)
3,519 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
259,763 
262,773 
Director Loan to purchase the flats.
7
Transactions with related parties
Included within other creditors due more than one year at the year end is an amount of £268,028 (2021: £268,028) due to the directors and shareholders of the company. This loan has been provided unsecured, interest-free and is effectively repayable on demand.
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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