IRIS Accounts Production v24.3.2.46 10341722 director 1.9.23 31.8.24 31.8.24 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh103417222023-08-31103417222024-08-31103417222023-09-012024-08-31103417222022-08-31103417222022-09-012023-08-31103417222023-08-3110341722ns15:EnglandWales2023-09-012024-08-3110341722ns14:PoundSterling2023-09-012024-08-3110341722ns10:Director12023-09-012024-08-3110341722ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3110341722ns10:SmallEntities2023-09-012024-08-3110341722ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3110341722ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3110341722ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3110341722ns10:FullAccounts2023-09-012024-08-3110341722ns10:RegisteredOffice2023-09-012024-08-3110341722ns5:CurrentFinancialInstruments2024-08-3110341722ns5:CurrentFinancialInstruments2023-08-3110341722ns5:Non-currentFinancialInstruments2024-08-3110341722ns5:Non-currentFinancialInstruments2023-08-3110341722ns5:ShareCapital2024-08-3110341722ns5:ShareCapital2023-08-3110341722ns5:RetainedEarningsAccumulatedLosses2024-08-3110341722ns5:RetainedEarningsAccumulatedLosses2023-08-3110341722ns5:PlantMachinery2023-09-012024-08-3110341722ns5:PlantMachinery2023-08-3110341722ns5:PlantMachinery2024-08-3110341722ns5:PlantMachinery2023-08-3110341722ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3110341722ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3110341722ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-08-3110341722ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-08-31
REGISTERED NUMBER: 10341722 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

SAFDER ESTATES LIMITED

SAFDER ESTATES LIMITED (REGISTERED NUMBER: 10341722)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAFDER ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: Mr N Safder





REGISTERED OFFICE: 17 Cavendish Gardens
Barking
Essex
IG11 9DR





REGISTERED NUMBER: 10341722 (England and Wales)





ACCOUNTANTS: Hadleys & Co.
Ground Floor
Import Building
2 Clove Crescent
London
E14 2BE

SAFDER ESTATES LIMITED (REGISTERED NUMBER: 10341722)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 3 819 97
Investment property 4 659,889 653,189
660,708 653,286

CURRENT ASSETS
Debtors 5 188 159
Cash at bank 8,351 25,991
8,539 26,150
CREDITORS
Amounts falling due within one year 6 (161,351 ) (130,436 )
NET CURRENT LIABILITIES (152,812 ) (104,286 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

507,896

549,000

CREDITORS
Amounts falling due after more than one year 7 (477,566 ) (523,974 )
NET ASSETS 30,330 25,026

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 30,230 24,926
SHAREHOLDERS' FUNDS 30,330 25,026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SAFDER ESTATES LIMITED (REGISTERED NUMBER: 10341722)

BALANCE SHEET - continued
31 AUGUST 2024


The 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.

The financial statements were approved by the director and authorised for issue on 26 May 2025 and were signed by:





Mr N Safder - Director


SAFDER ESTATES LIMITED (REGISTERED NUMBER: 10341722)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

SAFDER ESTATES LIMITED (REGISTERED NUMBER: 10341722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 306
Additions 994
At 31 August 2024 1,300
DEPRECIATION
At 1 September 2023 209
Charge for year 272
At 31 August 2024 481
NET BOOK VALUE
At 31 August 2024 819
At 31 August 2023 97

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 653,189
Additions 6,700
At 31 August 2024 659,889
NET BOOK VALUE
At 31 August 2024 659,889
At 31 August 2023 653,189

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 188 159

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,310 1,014
Other creditors 160,041 129,422
161,351 130,436

SAFDER ESTATES LIMITED (REGISTERED NUMBER: 10341722)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 477,566 523,974

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 477,566 523,974

8. SECURED DEBTS

The bank loan and overdraft are secured by debentures of all sums over the assets (mentioned below) of the company. The bank has a first legal charge over 137 Davington Road and 139 Davington Road.