Saramanda 1 Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09925528 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2024

FOR

SARAMANDA 1 LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

Ms A L Humphrey

Mr J Humphrey

SECRETARY:

Gibson Whitter Secretaries Limited

REGISTERED OFFICE:

Larch House

Parklands Business Park

Denmead

Hampshire

PO7 6XP

REGISTERED NUMBER:

09925528 (England and Wales)

ACCOUNTANTS:

Gibson Whitter

Chartered Accountants

and Chartered Tax Advisers

Larch House

Parklands Business Park

Denmead

Hampshire

PO7 6XP

FIXED ASSETS

Tangible assets

4

18,555

33,517

CURRENT ASSETS

Stocks

19,000

22,000

Debtors

5

1,377

4,978

Cash at bank and in hand

7,415

2,834

27,792

29,812

CREDITORS

Amounts falling due within one year

6

128,185

113,561

NET CURRENT LIABILITIES

(100,393

)

(83,749

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(81,838

)

(50,232

)

CREDITORS

Amounts falling due after more than one
year

7

10,281

26,204

NET LIABILITIES

(92,119

)

(76,436

)

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

(92,219

)

(76,536

)

SHAREHOLDERS' FUNDS

(92,119

)

(76,436

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 and authorised for issue by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Ms A L Humphrey - Director

1.	STATUTORY INFORMATION

Saramanda 1 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

At the balance sheet date the company had net current liabilities and net liabilities. This is due to amounts owed to the directors. The directors have agreed not to seek repayment of the amounts owed to them unless the company has sufficient funds to do so. On this basis the directors have prepared these financial statements on the going concern basis.

Turnover

Turnover represents salon sales net of VAT.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost, 20% on cost and 10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks are valued on a first in first out basis.

Taxation

Taxation for the year comprises current and deferred tax. Tax is 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 recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised 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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 NIL (2023 - 5 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 31 December 2023

129,300

Additions

1,699

At 30 December 2024

130,999

DEPRECIATION

At 31 December 2023

95,783

Charge for year

16,661

At 30 December 2024

112,444

NET BOOK VALUE

At 30 December 2024

18,555

At 30 December 2023

33,517

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.12.24

30.12.23

£

Trade debtors

-

201

Other debtors

1,377

4,777

1,377

4,978

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.12.24

30.12.23

£

Bank loans and overdrafts

5,215

5,088

Hire purchase contracts (see note 8)

10,250

Trade creditors

990

5,378

Taxation and social security

43,226

20,977

Other creditors

68,504

71,868

128,185

113,561

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.12.24

30.12.23

£

Bank loans

2,198

7,412

Hire purchase contracts (see note 8)

8,083

18,792

10,281

26,204

Bank loans represents a Covid-19 Bounceback loan.

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

30.12.24

30.12.23

£

Net obligations repayable:

Within one year

10,250

Between one and five years

8,083

18,792

18,333

29,042

Non-cancellable

operating leases

30.12.24

30.12.23

£

Within one year

25,000

Between one and five years

-

25,000

50,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.12.24

30.12.23

value:

£

100

Ordinary

£1

100

10.	RELATED PARTY DISCLOSURES

The aggregate amount owed to the directors at the balance sheet date is £68,490 (30.12.23: £70,054).

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Saramanda 1 Limited for the year ended 30 December 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Saramanda 1 Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Saramanda 1 Limited and state those matters that we have agreed to state to the Board of Directors of Saramanda 1 Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Saramanda 1 Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Saramanda 1 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Saramanda 1 Limited. You consider that Saramanda 1 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Saramanda 1 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Gibson Whitter

Chartered Accountants

and Chartered Tax Advisers

Larch House

Parklands Business Park

Denmead

Hampshire

PO7 6XP

29 September 2025