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COMPANY REGISTRATION NUMBER: 15281587
George Sari UK Ltd
Unaudited financial statements
31 March 2025
George Sari UK Ltd
Statement of financial position
31 March 2025
31 Mar 25
Note
£
£
Fixed assets
Tangible assets
5
790,698
Investments
6
1
---------
790,699
Current assets
Debtors
7
76
Creditors: Amounts falling due within one year
8
( 813,670)
---------
Net current liabilities
( 813,594)
---------
Total assets less current liabilities
( 22,895)
Accruals and deferred income
( 3,000)
-------
Net liabilities
( 25,895)
-------
Capital and reserves
Called up share capital
4
Profit and loss account
( 25,899)
-------
Shareholders deficit
( 25,895)
-------
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 comprehensive income has not been delivered.
For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their 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 8 August 2025 , and are signed on behalf of the board by:
Mr L Bower
Director
Company registration number: 15281587
George Sari UK Ltd
Notes to the financial statements
Period from 13 November 2023 to 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bankside 300 Peachman Way, Broadland Business Park, Norwich, Norfolk, NR7 0LB, England.
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 under 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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
15% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
4. Employee numbers
The average number of employees during the period was 2 .
5. Tangible assets
Investment Property
Fixtures and fittings
Total
£
£
£
Cost
At 13 November 2023
Additions
777,834
15,479
793,313
---------
-------
---------
At 31 March 2025
777,834
15,479
793,313
---------
-------
---------
Depreciation
At 13 November 2023
Charge for the period
2,615
2,615
---------
-------
---------
At 31 March 2025
2,615
2,615
---------
-------
---------
Carrying amount
At 31 March 2025
777,834
12,864
790,698
---------
-------
---------
The investment properties are valued based on their open market value at the balance sheet date.
6. Investments
Shares in group undertakings
£
Cost
At 13 November 2023
Additions
1
----
At 31 March 2025
1
----
Impairment
At 13 November 2023 and 31 March 2025
----
Carrying amount
At 31 March 2025
1
----
7. Debtors
31 Mar 25
£
Other debtors
76
----
8. Creditors: Amounts falling due within one year
31 Mar 25
£
Trade creditors
161
Amounts owed to group undertakings
1,471
Other creditors
812,038
---------
813,670
---------