Saud1 Properties Ltd - Accounts to registrar (filleted)

SAUD1 PROPERTIES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST JANUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

7

DIRECTORS:

M Ajaz

Mrs T Rehman

REGISTERED OFFICE:

290a Ampthill Road

Bedford

Bedfordshire

MK42 9QL

REGISTERED NUMBER:

13163636 (England and Wales)

ACCOUNTANTS:

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

FIXED ASSETS

Investment property

4

1,197,869

627,000

CURRENT ASSETS

Debtors

5

134,400

41,110

Cash at bank

10,453

4,490

144,853

45,600

CREDITORS

Amounts falling due within one year

6

787,821

611,422

NET CURRENT LIABILITIES

(642,968

)

(565,822

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

554,901

61,178

CREDITORS

Amounts falling due after more than one
year

7

(379,191

)

-

PROVISIONS FOR LIABILITIES

(21,140

)

-

NET ASSETS

154,570

61,178

CAPITAL AND RESERVES

Called up share capital

100

Fair value reserve

8

76,860

-

Retained earnings

77,610

61,078

154,570

61,178

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th October 2025 and were signed on its behalf by:

M Ajaz - Director

1.	STATUTORY INFORMATION

Saud1 Properties Ltd 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 as modified by the revaluation of certain assets.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover represents rents and service recharges received from tenants of properties, stated net of value added tax.

Income received that relates to a period after the year end is treated as deferred income.

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. No formal valuation has taken place during the year by a professional independent valuer. The current fair value is based on a recognised valuation model.

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 3 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st February 2024

627,000

Additions

472,869

Revaluations

98,000

At 31st January 2025

1,197,869

NET BOOK VALUE

At 31st January 2025

1,197,869

At 31st January 2024

627,000

Fair value at 31st January 2025 is represented by:

£

Valuation in 2025

98,000

Cost

1,099,869

1,197,869

If Investment property had not been revalued it would have been included at the following historical cost:

31/1/25

31/1/24

£

Cost

1,099,869

622,000

Investment property was valued on an open market basis on 31st January 2025 by the director, Mr M Ajaz. .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

Trade debtors

630

610

Amounts owed by associates

133,770

3,500

Prepayments

-

37,000

134,400

41,110

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

Bank loans and overdrafts

11,607

-

Trade creditors

1,198

-

Amounts owed to associates

164,882

-

Corporation tax

13,661

9,515

Social security and other taxes

1,628

-

Other creditors

14,500

-

Net wages outstanding

2,064

-

Directors' current accounts

577,081

600,707

Accruals and deferred income

1,200

787,821

611,422

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/1/25

31/1/24

£

Bank loans - 2-5 years

62,997

-

Bank loans more 5 yr by instal

316,194

-

379,191

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

316,194

-

8.

RESERVES

Fair

value

reserve

£

Surplus on revaluation

76,860

At 31st January 2025

76,860

9.	CAPITAL COMMITMENTS

31/1/25

31/1/24

£

Contracted but not provided for in the

financial statements

-

379,747

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 Statement of Comprehensive Income 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 Saud1 Properties Ltd for the year ended 31st January 2025 which comprise the Statement of 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 Saud1 Properties Ltd, 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 Saud1 Properties Ltd and state those matters that we have agreed to state to the Board of Directors of Saud1 Properties Ltd, 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 Saud1 Properties Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Saud1 Properties Ltd 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 profit of Saud1 Properties Ltd. You consider that Saud1 Properties Ltd 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 Saud1 Properties Ltd. 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.

HW Bedford Limited

Trading as Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

30th October 2025