SEKARE LTD


Directors	GHABAI, Leo
	SAEDI, Shahriar


Company Secretary	ZENG, Yan


Registered Address	27 Old Gloucester Street
	London
	WC1N 3AX


Registered Number	13191377 (England and Wales)

Balance Sheet as at
28 February 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,164,814		1,178,202
			1,164,814		1,178,202
Current assets
Cash at bank and on hand		10,843		9,678
		10,843		9,678
Creditors amounts falling due within one year		(79,036)		(65,123)
Net current assets (liabilities)			(68,193)		(55,445)
Total assets less current liabilities			1,096,621		1,122,757
Creditors amounts falling due after one year			(1,233,191)		(1,229,326)
Net assets			(136,570)		(106,569)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(136,670)		(106,669)
Shareholders' funds			(136,570)		(106,569)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 28 August 2025, and are signed on its behalf by:

SAEDI, Shahriar
Director
Registered Company No. 13191377

SEKARE LTD

Notes to the Financial Statements
for the period ended 28 February 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Going concern
	These financial statements have been prepared in accordance with the provisions of section 1A ‘’Small Entities’’ of FRS 102 ‘’ The Financial Reporting Standard applicable in the UK and Republic of Ireland’’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The company’s financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future on the grounds that the Director will continue to financially support the company until such time has the business achieves financial viability. The company financial statements do not reflect any adjustments that would be required if they were to be prepared on a basis other than the going concern basis.

Going concern

These financial statements have been prepared in accordance with the provisions of section 1A ‘’Small Entities’’ of FRS 102 ‘’ The Financial Reporting Standard applicable in the UK and Republic of Ireland’’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company’s financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future on the grounds that the Director will continue to financially support the company until such time has the business achieves financial viability. The company financial statements do not reflect any adjustments that would be required if they were to be prepared on a basis other than the going concern basis.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Deferred tax
	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. A deferred tax liability on capital allowances linked to investment properties has not been provided as it is expected that they will not reverse when the properties are disposed of.

Deferred tax

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.

A deferred tax liability on capital allowances linked to investment properties has not been provided as it is expected that they will not reverse when the properties are disposed of.

	Tangible fixed assets and depreciation
	Investment properties are measured at fair value at each reporting date, with changes in fair value recognised in profit or loss. Where a property interest is held under a lease and classified as an investment property, the interest itself is measured at fair value, rather than the underlying property. Depreciation is provided on its building improvement as follows:


		Reducing balance (%)
	Land and buildings	10

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 29 February 24	1,203,618
	Additions	16,015
	At 28 February 25	1,219,632
	Depreciation and impairment
	At 29 February 24	25,416
	Charge for year	29,403
	At 28 February 25	54,818
	Net book value
	At 28 February 25	1,164,814
	At 28 February 24	1,178,202

4.	Related party transactions
	Transactions with directors arose mainly business expenses paid on behalf of the company. The company was under the control of Mr. L Ghabai and Mr. S Saedi throughout its current and previous years, but its majority shareholder is White Care Limited. As at 28 February 2025, the amounts owing to the shareholders are as follows: White Care Limited £822,155 Mr. S Saedi & Ms. Y Zeng £411,035 These amounts are interest free, unsecured and have no fixed repayment terms.

Related party transactions

Transactions with directors arose mainly business expenses paid on behalf of the company.

The company was under the control of Mr. L Ghabai and Mr. S Saedi throughout its current and previous years, but its majority shareholder is White Care Limited.

As at 28 February 2025, the amounts owing to the shareholders are as follows:

White Care Limited                      £822,155
Mr. S Saedi  & Ms. Y Zeng          £411,035

These amounts are interest free, unsecured and have no fixed repayment terms.