Company Registration No. 15061764 (England and Wales)
Sagel Property Ltd
Unaudited accounts
for the year ended 31 August 2025
Sagel Property Ltd
Unaudited accounts
Contents
Sagel Property Ltd
Company Information
for the year ended 31 August 2025
Directors
Paul Gelan
Sabina Gelan
Company Number
15061764 (England and Wales)
Registered Office
12 The Bungalows
Kettleby Lane
Wrawby
Brigg
DN20 8SU
United Kingdom
Accountants
Westlands Chartered Accountants
McMillan House
6 Wolfreton Drive
Anlaby
East Riding of Yorkshire
HU10 7BY
Sagel Property Ltd
Statement of financial position
as at 31 August 2025
Investment property
143,620
143,620
Cash at bank and in hand
457
468
Creditors: amounts falling due within one year
(59,721)
(63,251)
Net current liabilities
(59,264)
(62,783)
Total assets less current liabilities
84,356
80,837
Creditors: amounts falling due after more than one year
(89,363)
(89,363)
Net liabilities
(5,007)
(8,526)
Called up share capital
2
2
Profit and loss account
(5,009)
(8,528)
Shareholders' funds
(5,007)
(8,526)
For the year ending 31 August 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2025 and were signed on its behalf by
Paul Gelan
Director
Company Registration No. 15061764
Sagel Property Ltd
Notes to the Accounts
for the year ended 31 August 2025
Sagel Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 15061764. The registered office is 12 The Bungalows, Kettleby Lane, Wrawby, Brigg, DN20 8SU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 September 2024
143,620
5
Creditors: amounts falling due within one year
2025
2024
Loans from directors
59,371
62,901
Sagel Property Ltd
Notes to the Accounts
for the year ended 31 August 2025
6
Creditors: amounts falling due after more than one year
2025
2024
7
Transactions with related parties
The company is under the control of Mr P Gelan and Mrs S Gelan, the joint directors and shareholders of the company.
At the balance sheet the company owed Mr P and Mrs S Gelan £59,371 (2024:£62,901), by the way of an interest free loan, the loan is repayable on demand.
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).