REGISTERED NUMBER: 08458192 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Sasco Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

A Shaikh

M Shaikh

REGISTERED OFFICE:

2 Kingsbridge Road

Huddersfield

West Yorkshire

HD1 3FX

REGISTERED NUMBER:

08458192 (England and Wales)

ACCOUNTANTS:

Charnwood Accountants & Business Advisors LLP

The Point

Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

FIXED ASSETS

Tangible assets

4

4,067,672

4,064,114

CURRENT ASSETS

Debtors

5

(183,367

)

(64,396

)

Cash at bank

156,783

152,063

(26,584

)

87,667

CREDITORS

Amounts falling due within one year

6

1,446,228

1,410,900

NET CURRENT LIABILITIES

(1,472,812

)

(1,323,233

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,594,860

2,740,881

CREDITORS

Amounts falling due after more than one year

7

(2,522,033

)

(2,598,718

)

PROVISIONS FOR LIABILITIES

(2,228

)

(2,228

)

NET ASSETS

70,599

139,935

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

69,599

138,935

SHAREHOLDERS' FUNDS

70,599

139,935

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by:

M Shaikh - Director

1.	STATUTORY INFORMATION

Sasco Properties Limited 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.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Plant and machinery

-

33% on cost

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 April 2024

523,575

3,538,588

119

Additions

-

-

-

At 31 March 2025

523,575

3,538,588

119

DEPRECIATION

At 1 April 2024

-

-

119

Charge for year

-

-

-

At 31 March 2025

-

-

119

NET BOOK VALUE

At 31 March 2025

523,575

3,538,588

-

At 31 March 2024

523,575

3,538,588

-

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

132,646

6,614

4,201,542

Additions

4,916

-

4,916

At 31 March 2025

137,562

6,614

4,206,458

DEPRECIATION

At 1 April 2024

130,695

6,614

137,428

Charge for year

1,358

-

1,358

At 31 March 2025

132,053

6,614

138,786

NET BOOK VALUE

At 31 March 2025

5,509

-

4,067,672

At 31 March 2024

1,951

-

4,064,114

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

(226,514

)

(251,166

)

Amounts owed by group undertakings

-

148,000

Other debtors

43,147

38,770

(183,367

)

(64,396

)

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

109,956

109,956

Trade creditors

169,684

264,072

Amounts owed to group undertakings

2,000

-

Taxation and social security

27,465

35,103

Other creditors

1,137,123

1,001,769

1,446,228

1,410,900

Clydesdale Bank PLC hold a fixed and floating charge over the assets of the company.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

2,522,033

2,598,718

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,082,208

2,158,893

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 Income Statement 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 Sasco Properties Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Sasco Properties Limited, as a body, in accordance with the terms of our engagement letter dated 5 May 2016. Our work has been undertaken solely to prepare for your approval the financial statements of Sasco Properties Limited and state those matters that we have agreed to state to the Board of Directors of Sasco Properties Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sasco Properties Limited 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 Sasco Properties Limited. You consider that Sasco Properties Limited 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 Sasco Properties Limited. 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.

Charnwood Accountants & Business Advisors LLP

The Point

Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

10 December 2025