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Company Registration No. 11881853 (England and Wales)
SA ASSETS LTD Unaudited accounts for the year ended 28 February 2025
SA ASSETS LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
SA ASSETS LTD Company Information for the year ended 28 February 2025
Director
Stefano Aurino
Company Number
11881853 (England and Wales)
Registered Office
Flat 2, 28 Redbridge Lane West Wanstead London E11 2JU
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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SA ASSETS LTD Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
249,808
249,808
Current assets
Cash at bank and in hand
1,278
1,905
Creditors: amounts falling due within one year
5
(39,648)
(45,055)
Net current liabilities
(38,370)
(43,150)
Total assets less current liabilities
211,438
206,658
Creditors: amounts falling due after more than one year
6
(167,882)
(170,363)
Net assets
43,556
36,295
Capital and reserves
Called up share capital
1
1
Revaluation reserve
32,860
32,860
Profit and loss account
10,695
3,434
Shareholders' funds
43,556
36,295
For the year ending 28 February 2025 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 November 2025 and were signed on its behalf by
Stefano Aurino Director Company Registration No. 11881853
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SA ASSETS LTD Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
SA ASSETS LTD is a private company, limited by shares, registered in England and Wales, registration number 11881853. The registered office is Flat 2, 28 Redbridge Lane West, Wanstead, London, E11 2JU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover includes revenue earned from property rental and is recognised when receivable from the tenant.
Tangible fixed assets and depreciation
Tangible assets include land and buildings only. No depreciation is charged on land and buildings.
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 1 March 2024
249,808
At 28 February 2025
249,808
Depreciation
At 28 February 2025
-
Net book value
At 28 February 2025
249,808
At 29 February 2024
249,808
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
1,820
450
Loans from directors
37,469
44,246
Accruals
359
359
39,648
45,055
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SA ASSETS LTD Notes to the Accounts for the year ended 28 February 2025
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
166,267
168,092
Other creditors
1,615
2,271
167,882
170,363
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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