Company Registration No. 05240073 (England and Wales)
Saines Limited
Unaudited accounts
for the year ended 30 December 2024
Saines Limited
Unaudited accounts
Contents
Saines Limited
Company Information
for the year ended 30 December 2024
Directors
Mr M Saines
A M Angel
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
Saines Limited
Statement of financial position
as at 30 December 2024
Investment property
817,635
817,635
Cash at bank and in hand
1,178,133
1,090,192
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
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
Saines Limited
Notes to the Accounts
for the year ended 30 December 2024
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.
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.
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 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 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.
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.
Saines Limited
Notes to the Accounts
for the year ended 30 December 2024
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
Loans from directors
10,013
5,177
Deferred income
22,290
21,852
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.
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).