Registered number
05929379
SARIYER PROPERTIES LIMITED
Unaudited Filleted Accounts
30 September 2024
SARIYER PROPERTIES LIMITED
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of SARIYER PROPERTIES LIMITED for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SARIYER PROPERTIES LIMITED for the year ended 30 September 2024 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
….......................................
Fordhams & Co. Limited
Chartered Accountants
Studio 6
6 Hornsey Street
London
N7 8GR
20 June 2025
SARIYER PROPERTIES LIMITED
Registered number: 05929379
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,561 1,952
Investments 4 1,119,781 1,119,781
1,121,342 1,121,733
Current assets
Debtors 5 27,541 -
Cash at bank and in hand 23,082 12,410
50,623 12,410
Creditors: amounts falling due within one year 6 (1,439) (1,199)
Net current assets 49,184 11,211
Total assets less current liabilities 1,170,526 1,132,944
Creditors: amounts falling due after more than one year 7 (1,130,600) (1,100,241)
Net assets 39,926 32,703
Capital and reserves
Called up share capital 2 2
Profit and loss account 39,924 32,701
Shareholders' funds 39,926 32,703
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
….............................
Ms Gulten Dogan
Director
Approved by the board on 20 June 2025
SARIYER PROPERTIES LIMITED
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is represented by rent received during the year.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment 20% Reducing Balance Method
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 15,889
At 30 September 2024 15,889
Depreciation
At 1 October 2023 13,937
Charge for the year 391
At 30 September 2024 14,328
Net book value
At 30 September 2024 1,561
At 30 September 2023 1,952
4 Investments
Other
investments
£
Cost
At 1 October 2023 1,119,781
At 30 September 2024 1,119,781
5 Debtors 2024 2023
£ £
Other debtors 27,541 -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 1,439 1,199
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 919,960 919,960
Other creditors 210,640 180,281
1,130,600 1,100,241
8 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 919,960 919,960
Loans are secured against investment properties.
9 Other information
SARIYER PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
STUDIO 6
6 HORNSEY STREET
LONDON
N7 8G7
SARIYER PROPERTIES LIMITED 05929379 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts April 2025 Ms Gulten Dogan No description of principal activity 05929379 2022-10-01 2023-09-30 05929379 core:WithinOneYear 2023-09-30 05929379 core:AfterOneYear 2023-09-30 05929379 core:ShareCapital 2023-09-30 05929379 core:RetainedEarningsAccumulatedLosses 2023-09-30 05929379 2023-10-01 2024-09-30 05929379 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05929379 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 05929379 bus:Director40 2023-10-01 2024-09-30 05929379 2 2023-10-01 2024-09-30 05929379 core:PlantMachinery 2023-10-01 2024-09-30 05929379 countries:England 2023-10-01 2024-09-30 05929379 bus:FRS102 2023-10-01 2024-09-30 05929379 bus:FilletedAccounts 2023-10-01 2024-09-30 05929379 2024-09-30 05929379 core:WithinOneYear 2024-09-30 05929379 core:AfterOneYear 2024-09-30 05929379 core:ShareCapital 2024-09-30 05929379 core:RetainedEarningsAccumulatedLosses 2024-09-30 05929379 core:PlantMachinery 2024-09-30 05929379 2023-09-30 05929379 core:PlantMachinery 2023-09-30 iso4217:GBP xbrli:pure