REGISTERED NUMBER: 03667988 (England and Wales)

Saromi Limited

Unaudited financial statements

for the year ended 31 December 2024

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Director:

Mrs R A Newton

Registered office:

Construction House

Runwell Road

Wickford

Essex

SS11 7HQ

Registered number:

03667988 (England and Wales)

Accountants:

Clay Ratnage Strevens & Hills

Chartered Accountants

Construction House, Runwell Road

Wickford

Essex

SS11 7HQ

Fixed assets

Investments

4

68,129

68,129

Investment property

5

331,187

331,187

399,316

399,316

Current assets

Debtors

6

529

529

Cash at bank

31,032

23,006

31,561

23,535

Creditors

Amounts falling due within one year

7

220,434

221,854

Net current liabilities

(188,873

)

(198,319

)

Total assets less current liabilities

210,443

200,997

Provisions for liabilities

6,691

6,691

Net assets

203,752

194,306

Capital and reserves

Called up share capital

125,000

125,000

Revaluation reserve

8

35,275

35,275

Retained earnings

43,477

34,031

203,752

194,306

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 director acknowledges her 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 director and authorised for issue on 30 September 2025 and were signed by:

Mrs R A Newton - Director

1.	Statutory information

Saromi Limited is a private company limited by shares, incorporated in England and Wales. Its registered office is Construction House, Runwell Road, Wickford, Essex, SS11 7HQ.

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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 January 2024

and 31 December 2024

68,129

Net book value

At 31 December 2024

68,129

At 31 December 2023

68,129

5.	Investment property

Total

£

Fair value

At 1 January 2024

and 31 December 2024

331,187

Net book value

At 31 December 2024

331,187

At 31 December 2023

331,187

The 2024 valuations were made by the director, having regard to professional advice taken personally, on an open market value for existing use basis.

If the investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024

2023

Historic cost

289,222

289,222

Accumulated depreciation and impairments

-

-

289,222

289,222

6.

Debtors: amounts falling due within one year

2024

2023

£

£

Trade debtors

300

300

Other debtors

229

229

529

529

7.

Creditors: amounts falling due within one year

2024

2023

£

£

Trade creditors

47

1

Amounts owed to group undertakings

72,139

72,139

Taxation and social security

537

-

Other creditors

147,711

149,714

220,434

221,854

8.

Reserves

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

35,275