REGISTERED NUMBER: 09932398 (England and Wales)

SAI NURSERY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Statement of Financial Position

1

to

2

Notes to the Financial Statements

3

to

6

FIXED ASSETS

Intangible assets

4

219,810

277,643

Tangible assets

5

1,468,707

1,441,288

Investments

6

507,954

-

2,196,471

1,718,931

CURRENT ASSETS

Debtors

7

4,233

2,705

Cash at bank and in hand

80,426

61,852

84,659

64,557

CREDITORS

Amounts falling due within one year

8

(817,858

)

(619,092

)

NET CURRENT LIABILITIES

(733,199

)

(554,535

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,463,272

1,164,396

CREDITORS

Amounts falling due after more than one year

9

(1,337,482

)

(1,074,927

)

PROVISIONS FOR LIABILITIES

(15,629

)

(15,549

)

NET ASSETS

110,161

73,920

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

11

110,159

73,918

SHAREHOLDERS' FUNDS

110,161

73,920

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by:

Mrs M Ratnasingham - Director

1.	STATUTORY INFORMATION

Sai Nursery Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 09932398 and registered office address is 2 Cardiff Road, London W7 2BW.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods and services is recognised when goods are delivered, and legal title has passed.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

Over 50 years

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Financial instruments

Debtors and creditors receivable/payable within one year

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 administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the 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 financing transaction it is measured at the present value of future payments.

Taxation

Taxation for the year comprises current and deferred tax.Tax recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognized at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognized in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognized in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognized 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2023 - 47 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

578,339

AMORTISATION

At 1 January 2024

300,696

Amortisation for year

57,833

At 31 December 2024

358,529

NET BOOK VALUE

At 31 December 2024

219,810

At 31 December 2023

277,643

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

1,562,229

4,898

125,541

9,274

1,701,942

Additions

27,100

3,792

12,156

-

43,048

At 31 December 2024

1,589,329

8,690

137,697

9,274

1,744,990

DEPRECIATION

At 1 January 2024

183,137

2,491

70,393

4,633

260,654

Charge for year

-

1,240

13,461

928

15,629

At 31 December 2024

183,137

3,731

83,854

5,561

276,283

NET BOOK VALUE

At 31 December 2024

1,406,192

4,959

53,843

3,713

1,468,707

At 31 December 2023

1,379,092

2,407

55,148

4,641

1,441,288

6.	FIXED ASSET INVESTMENTS

Other

investment

£

COST

Additions

507,954

At 31 December 2024

507,954

NET BOOK VALUE

At 31 December 2024

507,954

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,599

1,955

Other debtors

2,634

750

4,233

2,705

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

101,642

42,710

Payments on account

73,031

46,294

Taxation and social security

62,033

51,344

Other creditors

581,152

478,744

817,858

619,092

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

1,337,482

1,074,927

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

982,432

1,052,957

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1.00

2

2

11.

RESERVES

Retained

earnings

£

At 1 January 2024

73,918

Profit for the year

36,241

At 31 December 2024

110,159

12.	OTHER FINANCIAL SECURITY

The loan is secured by a fixed and floating charge over the assets of the company.