Sahara Properties (UK) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08353469

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,558,141		2,558,968

			2,558,141		2,558,968
CURRENT ASSETS
Debtors	5	870,835		866,456
Cash at bank and in hand		1,607		5,498

		872,442		871,954
Creditors: Amounts Falling Due Within One Year	6	(1,722,792 )		(1,555,152 )

NET CURRENT ASSETS (LIABILITIES)			(850,350 )		(683,198 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,707,791		1,875,770

Creditors: Amounts Falling Due After More Than One Year	7		(1,187,353 )		(1,446,946 )

NET ASSETS			520,438		428,824

CAPITAL AND RESERVES
Called up share capital	8		2,000		2,000
Revaluation reserve	9		170,975		170,975
Profit and Loss Account			347,463		255,849

SHAREHOLDERS' FUNDS			520,438		428,824

Page 1

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Sahara Properties (UK) Limited

Balance Sheet (continued)

As At 31 December 2024

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.

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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr. Harmit Brar

Director

19 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Sahara Properties (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08353469 . The registered office is 925 Finchley Road, London, NW11 7PE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	not depreciated
Plant & Machinery	20% reducing balance basis

2.4. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Total
	£	£	£
Cost
As at 1 January 2024	2,554,831	10,100	2,564,931

As at 31 December 2024	2,554,831	10,100	2,564,931

...CONTINUED

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Sahara Properties (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Depreciation
As at 1 January 2024	-	5,963	5,963
Provided during the period	-	827	827

As at 31 December 2024	-	6,790	6,790

Net Book Value
As at 31 December 2024	2,554,831	3,310	2,558,141

As at 1 January 2024	2,554,831	4,137	2,558,968

The land and buildings represent investment property which is being carried at the last open market valuation carried out by the directors in January 2014. The historic cost of the property is £ 539,125 (2021 - £539,125). No provision has been made for any potential tax liability arising should the property be sold at the valuation. It is not the intention of the directors to sell the property in the near future.

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	3,750	3,671
Other debtors	867,085	-
Amounts owed by associates	-	862,785

	870,835	866,456

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	-	3,094
Corporation tax	30,814	12,790
VAT	8,397	5,313
Other creditors	1,334,492	379,928
Accruals and deferred income	5,500	2,500
Amounts owed to associates	343,589	1,151,527

	1,722,792	1,555,152

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Shareholders loans (Long term liabilities - creditors > 1 year)	34,238	170,670
Bank Loan	1,153,115	1,276,276

	1,187,353	1,446,946

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Sahara Properties (UK) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2,000	2,000

9. Reserves

	Revaluation Reserve
	£
As at 1 January 2024	170,975

As at 31 December 2024	170,975