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REGISTERED NUMBER: 06020825 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

SARNA DIAMOND JEWELLERS LIMITED

SARNA DIAMOND JEWELLERS LIMITED (REGISTERED NUMBER: 06020825)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SARNA DIAMOND JEWELLERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTOR: Mr R Sarna





SECRETARY: Mrs N B Sarna





REGISTERED OFFICE: 31 Cannonbury Avenue
Pinner
Middlesex
HA5 1TW





REGISTERED NUMBER: 06020825 (England and Wales)






SARNA DIAMOND JEWELLERS LIMITED (REGISTERED NUMBER: 06020825)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Inventories 88,200 106,560
Cash at bank and in hand 778 847
88,978 107,407
CREDITORS
Amounts falling due within one year 4 4,907 6,372
NET CURRENT ASSETS 84,071 101,035
TOTAL ASSETS LESS CURRENT
LIABILITIES

84,071

101,035

CREDITORS
Amounts falling due after more than one year 5 460,700 460,700
NET LIABILITIES (376,629 ) (359,665 )

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings (376,729 ) (359,765 )
SHAREHOLDERS' FUNDS (376,629 ) (359,665 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

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 6th June 2025 and were signed by:





Mr R Sarna - Director


SARNA DIAMOND JEWELLERS LIMITED (REGISTERED NUMBER: 06020825)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024


1. STATUTORY INFORMATION

Sarna Diamond Jewellers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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.

At 31st December 2024, the company had Net Liabilities of £ 376,629 (2023: £359,665) and the issued share capital has been eroded due to the losses incurred. The validity of the going concern basis under which these financial statements are prepared, depends upon the continued support from the directors and shareholders.

After making due enquiries, the director is confident that the company has sufficient resources to continue in existence for the foreseeable future. For this reason he continues to adopt the going concern basis in preparing the financial statements.

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

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 747 1,492
Taxation and social security 1,604 1,782
Other creditors 2,556 3,098
4,907 6,372

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 460,700 460,700

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

SARNA DIAMOND JEWELLERS LIMITED (REGISTERED NUMBER: 06020825)

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


7. RELATED PARTY DISCLOSURES

Shown in creditors due after more than one year is an amount of £460,700 (2023:£460,700) due to the sole director and the shareholder of the company. This is an interest free unsecured loan.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party was Mr. R Sarna and Mrs. N Sarna, by virtue of their majority shareholding in the company.