Srara Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 13773288

		2024		2023 as restated
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		9,750		-
Investment Properties	5		1,000,000		661,504

			1,009,750		661,504
CURRENT ASSETS
Debtors	6	322,093		9,000
Cash at bank and in hand		11,760		447

		333,853		9,447
Creditors: Amounts Falling Due Within One Year	7	(53,812 )		(338,992 )

NET CURRENT ASSETS (LIABILITIES)			280,041		(329,545 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,289,791		331,959

Creditors: Amounts Falling Due After More Than One Year	8		(888,979 )		(282,029 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(64,314 )		-

NET ASSETS			336,498		49,930

CAPITAL AND RESERVES
Called up share capital	10		100		100
Fair value reserve			274,182		-
Profit and Loss Account			62,216		49,830

SHAREHOLDERS' FUNDS			336,498		49,930

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Srara Limited

Balance Sheet (continued)

As At 30 November 2024

For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Shahid Ahmed

Director

30/10/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Srara Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13773288 . The registered office is C/O Holloway Head Service Station, 48 - 55 Holloway Head, Birmingham, West Midlands, B1 1NG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are loan arrangement fee. It is amortised to the profit and loss account over its estimated economic life of 4 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold

N/A

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

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Srara Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2024

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Intangible Assets

	Other Intangible Assets
	£
Cost
As at 1 December 2023	-
Additions	13,000

As at 30 November 2024	13,000

Amortisation
As at 1 December 2023	-
Provided during the period	3,250

As at 30 November 2024	3,250

...CONTINUED

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Srara Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2024

Net Book Value
As at 30 November 2024	9,750

As at 1 December 2023	-

5. Investment Property

	2024
	£
Fair Value
As at 1 December 2023	661,504
Revaluations	338,496

As at 30 November 2024	1,000,000

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2024	2023 as restated
	£	£
Cost	661,504	661,504

The investment property was independently valued by McCartney on 29 November 2023, and the valuation represents its fair value at that date. The director considers this valuation remains appropriate at the balance sheet date. Fair value movements are recognised in profit or loss.

6. Debtors

	2024	2023 as restated
	£	£
Due within one year
Trade debtors	-	9,000
Due after more than one year
Other debtors	322,093	-

	322,093	9,000

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Srara Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023 as restated
	£	£
Trade creditors	6,598	6,597
Other creditors	32,266	320,352
Taxation and social security	14,948	12,043

	53,812	338,992

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023 as restated
	£	£
Bank loans	888,979	282,029

9. Deferred Taxation

The provision for deferred tax is made up as follows:

	2024	2023 as restated
	£	£
Other timing differences	64,314	-

10. Share Capital

	2024	2023 as restated
	£	£
Allotted, Called up and fully paid	100	100

11. Related Party Transactions

Refuel Shop and Go Limited

A company related by common people with significant control and directors

Included within other debtors more than one year is a loan of £67,039 to Refuel Shop and Go Limited (Company number 10490100). The loan is repayable on demand.

Holloway Head Ltd

A company related by common people with significant control and directors

Included within other debtors more than one year is a loan of £255,054 to Holloway Head Ltd (Company number 10490042). The loan is repayable on demand.

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