Company Registration No. 02716452 (England and Wales)
The Saines Properties Limited
Unaudited accounts
for the year ended 31 December 2024
The Saines Properties Limited
Unaudited accounts
Contents
The Saines Properties Limited
Company Information
for the year ended 31 December 2024
Directors
E Zecler
A M Angel
M Saines
V Gold
Company Number
02716452 (England and Wales)
Registered Office
12 Berkeley Place
Wimbledon, London
SW19 4NN
England
Accountants
Evolve Accounting and Tax Solutions Ltd
Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN
The Saines Properties Limited
Statement of financial position
as at 31 December 2024
Investment property
1,100,000
1,100,000
Cash at bank and in hand
691,574
595,055
Creditors: amounts falling due within one year
(153,372)
(147,395)
Net current assets
539,368
448,508
Total assets less current liabilities
1,639,368
1,548,508
Provisions for liabilities
Deferred tax
(63,159)
(63,159)
Net assets
1,576,209
1,485,349
Called up share capital
100
100
Revaluation reserve
644,977
644,977
Profit and loss account
931,132
840,272
Shareholders' funds
1,576,209
1,485,349
For the year ending 31 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
A M Angel
Director
Company Registration No. 02716452
The Saines Properties Limited
Notes to the Accounts
for the year ended 31 December 2024
The Saines Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 02716452. The registered office is 12 Berkeley Place, Wimbledon, London, SW19 4NN, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at fair market 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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.
Fair value at 1 January 2024
1,100,000
At 31 December 2024
1,100,000
Investment properties are included in the financial statements at the director, E Zecler's , best estimate of their open market value as at the balance sheet date, based on her experience of the trade and locality. No depreciation is provided in respect of these properties.
The Saines Properties Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
22,976
20,392
Loans from directors
97,070
97,050
Deferred income
27,500
27,500
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
As at the balance sheet date the company owed an amount of £97,070 to the director ( 2023: £97,050). The loan is unsecured, bears no interest and has no fixed repayment terms.
The Company is controlled by the director, A Angel.
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Average number of employees
During the year the average number of employees was 3 (2023: 3).