SANGAMA LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05083220

SANGAMA LIMITED

Filleted Unaudited Financial Statements

31 March 2025

SANGAMA LIMITED

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	4		1,121,890	1,121,890

Current assets

Cash at bank and in hand	1,619		4,094

Creditors: amounts falling due within one year	5	659,837		650,816
		---------		---------
Net current liabilities			658,218	646,722
			------------	------------
Total assets less current liabilities			463,672	475,168

Creditors: amounts falling due after more than one year	6	462,234	473,255
		---------	---------
Net assets		1,438	1,913
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,338	1,813
	-------	-------
Shareholders funds	1,438	1,913
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

SANGAMA LIMITED

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 6 October 2025 , and are signed on behalf of the board by:

Mrs G Ganeshamoorthy

Director

Company registration number: 05083220

SANGAMA LIMITED

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 24 Otley Drive, Ilford, IG2 6SL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price. Debt instruments are subsequently measured at amortised cost.

4. Tangible assets

	Freehold property
	£
Cost
At 1 April 2024 and 31 March 2025	1,121,890
	------------
Depreciation
At 1 April 2024 and 31 March 2025	–
	------------
Carrying amount
At 31 March 2025	1,121,890
	------------
At 31 March 2024	1,121,890
	------------

5. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	7,600	7,000
Corporation tax	1,767	1,767
Other creditors	650,470	642,049
	---------	---------
	659,837	650,816
	---------	---------

Bank loan of £7,600 (2024 - £7,000) is secured by fixed and floating charges over the company's properties and negative pledge.

6. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	462,234	473,255
	---------	---------

Bank loans of £462,234 (2024 - £473,255) are secured by fixed and floating charges over the company's properties and negative pledge.