31 December 2023 false No description of principal activity Taxfiler 2024.6 05240073business:PrivateLimitedCompanyLtd2023-12-312024-12-30 052400732023-12-30 052400732023-12-312024-12-30 05240073business:AuditExempt-NoAccountantsReport2023-12-312024-12-30 05240073business:FilletedAccounts2023-12-312024-12-30 052400732024-12-30 05240073business:Director22023-12-312024-12-30 05240073business:Director32023-12-312024-12-30 05240073business:CompanySecretary12023-12-312024-12-30 05240073business:RegisteredOffice2023-12-312024-12-30 052400732023-12-30 05240073core:WithinOneYear2024-12-30 05240073core:WithinOneYear2023-12-30 05240073core:ShareCapitalcore:PreviouslyStatedAmount2024-12-30 05240073core:ShareCapitalcore:PreviouslyStatedAmount2023-12-30 05240073core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-30 05240073core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-30 05240073core:PreviouslyStatedAmount2024-12-30 05240073core:PreviouslyStatedAmount2023-12-30 05240073business:SmallEntities2023-12-312024-12-30 05240073countries:EnglandWales2023-12-312024-12-30 05240073business:OrdinaryShareClass12023-12-312024-12-30 05240073business:OrdinaryShareClass12022-12-312023-12-30 052400732022-12-312023-12-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 05240073 (England and Wales)
Saines Limited Unaudited accounts for the year ended 30 December 2024
Saines Limited Unaudited accounts Contents
Page
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Saines Limited Company Information for the year ended 30 December 2024
Directors
Mr M Saines A M Angel
Secretary
Mrs E Zecler
Company Number
05240073 (England and Wales)
Registered Office
12 Berkeley Place Wimbledon London SW19 4NN United Kingdom
Accountants
Evolve Accounting and Tax Solutions Ltd Congress House 14 Lyon Road Harrow Middlesex HA1 2EN
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Saines Limited Statement of financial position as at 30 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
817,635 
817,635 
Current assets
Debtors
28,685 
21,506 
Cash at bank and in hand
1,178,133 
1,090,192 
1,206,818 
1,111,698 
Creditors: amounts falling due within one year
(60,255)
(48,681)
Net current assets
1,146,563 
1,063,017 
Net assets
1,964,198 
1,880,652 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
1,963,198 
1,879,652 
Shareholders' funds
1,964,198 
1,880,652 
For the year ending 30 December 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 8 May 2025 and were signed on its behalf by
Mr M Saines Director Company Registration No. 05240073
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Saines Limited Notes to the Accounts for the year ended 30 December 2024
1
Statutory information
Saines Limited is a private company, limited by shares, registered in England and Wales, registration number 05240073. The registered office is 12 Berkeley Place, Wimbledon, London, SW19 4NN, 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.
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.
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.
Dividends
Dividends are recognised in the company's financial statements in the year in which they are approved in general meetings by the company's shareholders. Interim dividends are recognised when they are paid.
4
Investment property
2024 
£ 
Fair value at 31 December 2023
817,635 
At 30 December 2024
817,635 
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.
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Saines Limited Notes to the Accounts for the year ended 30 December 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
28,685 
21,506 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
25,515 
16,419 
Other creditors
5 
2,933 
Loans from directors
10,013 
5,177 
Accruals
2,432 
2,300 
Deferred income
22,290 
21,852 
60,255 
48,681 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
9
Transactions with related parties
As at the balance sheet date an amount of £10,013 was owed to a director (2023: £5,177 ). There are no fixed repayment terms, interest charges or security attached to this loan.
10
Controlling party
The company is controlled by M Saines by virtue of his 100% sharholding.
11
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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