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REGISTERED NUMBER: 03005931 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

SARATON PROPERTIES LIMITED

SARATON PROPERTIES LIMITED (REGISTERED NUMBER: 03005931)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SARATON PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2024







DIRECTORS: A Notaras
J Notaras





SECRETARY: A Notaras





REGISTERED OFFICE: Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN





REGISTERED NUMBER: 03005931 (England and Wales)





ACCOUNTANTS: Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

SARATON PROPERTIES LIMITED (REGISTERED NUMBER: 03005931)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 10,038 11,701
Investment property 5 8,467,659 8,443,255
8,477,697 8,454,956

CURRENT ASSETS
Debtors 6 59,312 33,407
Cash at bank 77,851 89,922
137,163 123,329
CREDITORS
Amounts falling due within one year 7 3,140,039 3,309,704
NET CURRENT LIABILITIES (3,002,876 ) (3,186,375 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,474,821

5,268,581

PROVISIONS FOR LIABILITIES 663,749 725,336
NET ASSETS 4,811,072 4,543,245

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 3,143,389 3,079,747
Retained earnings 1,667,583 1,463,398
SHAREHOLDERS' FUNDS 4,811,072 4,543,245

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 directors acknowledge their 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.

SARATON PROPERTIES LIMITED (REGISTERED NUMBER: 03005931)

BALANCE SHEET - continued
31ST DECEMBER 2024


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 Board of Directors and authorised for issue on 24th July 2025 and were signed on its behalf by:





A Notaras - Director


SARATON PROPERTIES LIMITED (REGISTERED NUMBER: 03005931)

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


1. STATUTORY INFORMATION

Saraton Properties 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net rents receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on reducing balance

Investment property
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.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Going concern
At the balance sheet date, the company had net current liabilities of £3,002,876 (2023: £3,186,375). The directors believe that the company, with continued support from its directors and shareholders, has adequate resources to continue to operate. The directors consider it appropriate to continue using the going concern basis in the preparation of the financial statements. The financial statements do not include any adjustments that would result if support from the directors and shareholders was not continued.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

SARATON PROPERTIES LIMITED (REGISTERED NUMBER: 03005931)

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


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1st January 2024 125,680
Disposals (6,584 )
At 31st December 2024 119,096
DEPRECIATION
At 1st January 2024 113,979
Charge for year 1,117
Eliminated on disposal (6,038 )
At 31st December 2024 109,058
NET BOOK VALUE
At 31st December 2024 10,038
At 31st December 2023 11,701

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2024 8,443,255
Additions 24,404
At 31st December 2024 8,467,659
NET BOOK VALUE
At 31st December 2024 8,467,659
At 31st December 2023 8,443,255

Fair value at 31st December 2024 is represented by:
£   
Valuation in 1999 241,775
Valuation in 2007 793,000
Valuation in 2010 1,915,000
Valuation in 2011 242,386
Valuation in 2012 400,000
Valuation in 2013 210,000
Cost 4,665,498
8,467,659

If Investment Properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 4,665,498 3,930,963

Investment Properties were valued on an open market basis on 31st December 2024 by the director .

SARATON PROPERTIES LIMITED (REGISTERED NUMBER: 03005931)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 34,443 12,842
Other debtors 24,869 20,565
59,312 33,407

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 117
Taxation and social security 69,460 37,697
Other creditors 3,070,579 3,271,890
3,140,039 3,309,704