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COMPANY REGISTRATION NUMBER: 12238122
Saw Research Limited
Filleted Unaudited Financial Statements
31 December 2024
Saw Research Limited
Financial Statements
Year ended 31 December 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Saw Research Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Current assets
Investments
5
2,000,000
2,000,000
Cash at bank and in hand
100
100
------------
------------
2,000,100
2,000,100
Creditors: amounts falling due within one year
6
700,314
723,611
------------
------------
Net current assets
1,299,786
1,276,489
------------
------------
Total assets less current liabilities
1,299,786
1,276,489
Creditors: amounts falling due after more than one year
7
250,000
------------
------------
Net assets
1,299,786
1,026,489
------------
------------
Capital and reserves
Called up share capital
100
100
Profit and loss account
1,299,686
1,026,389
------------
------------
Shareholders funds
1,299,786
1,026,489
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 5 August 2025 , and are signed on behalf of the board by:
Mr S Saw
Director
Company registration number: 12238122
Saw Research Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 160 Swaton Road, London, E3 4ER, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 399 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Investments
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1 (2023: 1).
5. Investments
2024
2023
£
£
Investments in group undertakings
2,000,000
2,000,000
------------
------------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
350,000
350,000
Other creditors
350,314
373,611
---------
---------
700,314
723,611
---------
---------
Other creditors are secured by way of fixed and floating charge against the company's assets and undertakings.
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
250,000
----
---------
Other creditors are secured by way of fixed and floating charge against the company's assets and undertakings.
8. Related party transactions
At the period end the company owed a group company £350,000 (2023: £350,000).