Registered number
14302182
SATHI PROPERTIES GROUP LIMITED
Filleted Accounts
31 August 2024
SATHI PROPERTIES GROUP LIMITED
Registered number: 14302182
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 137,536 137,038
Current assets
Cash at bank and in hand 2,716 556
Creditors: amounts falling due within one year 4 (147,705) (141,634)
Net current liabilities (144,989) (141,078)
Net liabilities (7,453) (4,040)
Capital and reserves
Called up share capital 100 100
Profit and loss account (7,553) (4,140)
Shareholders' funds (7,453) (4,040)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr Iftikhar Mobin Khan
Director
Approved by the board on 23 May 2025
SATHI PROPERTIES GROUP LIMITED
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
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).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
FA - Land and buildings over 50 years
FA - Plant and machinery 33.33% S.L
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 September 2023 136,220 1,090 137,310
Additions - 1,000 1,000
At 31 August 2024 136,220 2,090 138,310
Depreciation
At 1 September 2023 - 272 272
Charge for the year - 502 502
At 31 August 2024 - 774 774
Net book value
At 31 August 2024 136,220 1,316 137,536
At 31 August 2023 136,220 818 137,038
4 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 142,360 140,360
Other creditors 5,345 1,274
147,705 141,634
5 Other information
SATHI PROPERTIES GROUP LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Parkway 5 Suite 2
Parkway Business Centre
300 Princess Road
Manchester
M14 7HR
SATHI PROPERTIES GROUP LIMITED 14302182 false 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts July 2024 Dr Iftikhar Mobin Khan No description of principal activity 14302182 2022-08-17 2023-08-31 14302182 core:WithinOneYear 2023-08-31 14302182 core:ShareCapital 2023-08-31 14302182 core:RetainedEarningsAccumulatedLosses 2023-08-31 14302182 2023-09-01 2024-08-31 14302182 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 14302182 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 14302182 bus:Director40 2023-09-01 2024-08-31 14302182 2 2023-09-01 2024-08-31 14302182 core:LandBuildings 2023-09-01 2024-08-31 14302182 core:PlantMachinery 2023-09-01 2024-08-31 14302182 countries:England 2023-09-01 2024-08-31 14302182 bus:FRS102 2023-09-01 2024-08-31 14302182 bus:FilletedAccounts 2023-09-01 2024-08-31 14302182 2024-08-31 14302182 core:WithinOneYear 2024-08-31 14302182 core:ShareCapital 2024-08-31 14302182 core:RetainedEarningsAccumulatedLosses 2024-08-31 14302182 core:LandBuildings 2024-08-31 14302182 core:PlantMachinery 2024-08-31 14302182 2023-08-31 14302182 core:LandBuildings 2023-08-31 14302182 core:PlantMachinery 2023-08-31 iso4217:GBP xbrli:pure