SA HOLDINGS LIMITED 31/03/2025 iXBRL

Company registration number: 09489984

SA HOLDINGS LIMITED

Filleted financial statements

31 March 2025

SA HOLDINGS LIMITED

Contents

Directors and other information

Directors responsibilities statement

Statement of financial position

Statement of changes in equity

Notes to the financial statements

SA HOLDINGS LIMITED

Directors and other information


	Directors	Mr Atul Batra
		Mr Manoj Khattar


	Company number	09489984


	Registered office	6th Floor
		9 Appold Street
		London
		United Kingdom
		EC2A 2AP


	Auditor	Nagle James Associates Limited
		Amba House, 4th Floor
		15 College Road
		Harrow
		Middlesex
		HA1 1 BA




	Bankers	ICICI Bank
		Suite 1504B-1506, Level 15
		1 Austin Road West
		Kowloon
		Hong Kong

SA HOLDINGS LIMITED

Directors responsibilities statement

Year ended 31 March 2025

The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgments and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

SA HOLDINGS LIMITED

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Investments	4	192,104		192,104
		_______		_______
			192,104		192,104

Current assets
Debtors	5	797,848		791,037
Cash at bank and in hand		50,410		87,881
		_______		_______
		848,258		878,918
Creditors: amounts falling due
within one year	6	( 12,465)		( 9,200)
		_______		_______
Net current assets			835,793		869,718
			_______		_______
Total assets less current liabilities			1,027,897		1,061,822

Creditors: amounts falling due
after more than one year	7		( 1,031,622)		( 1,047,006)
			_______		_______
Net (liabilities)/assets			( 3,725)		14,816
			_______		_______

Capital and reserves
Called up share capital			345,000		345,000
Profit and loss account	8		( 348,725)		( 330,184)
			_______		_______
Shareholders (deficit)/funds			( 3,725)		14,816
			_______		_______

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 comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 22 December 2025 , and are signed on behalf of the board by:

Mr Atul Batra

Director

Company registration number: 09489984

SA HOLDINGS LIMITED

Statement of changes in equity

Year ended 31 March 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 April 2023	345,000	( 136,932)	208,068

Loss for the year		( 193,252)	( 193,252)
	_______	_______	_______
Total comprehensive income for the year	-	( 193,252)	( 193,252)

	_______	_______	_______
At 31 March 2024 and 1 April 2024	345,000	( 330,184)	14,816

Loss for the year		( 18,541)	( 18,541)
	_______	_______	_______
Total comprehensive income for the year	-	( 18,541)	( 18,541)

	_______	_______	_______
At 31 March 2025	345,000	( 348,725)	( 3,725)
	_______	_______	_______

SA HOLDINGS 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 United Kingdom. The address of the registered office is 6th Floor, 9 Appold Street, London, United Kingdom, EC2A 2AP.

2. Statement of compliance

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

The financial statements present information about the company as an individual entity and not about its group.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Disclosure exemptions

The individual accounts of SA Holdings Limited have also adopted the following disclosure exemptions: - the requirement to present a statement of cash flows and related notes - financial instrument disclosures, including: - categories of financial instruments, - items of income, expenses, gains or losses relating to financial instruments, and - exposure to and management of financial risks.

Consolidation

The company has taken advantage of the exemption from preparing consolidated financial statements contained in Section 401 of the Companies Act 2006 on the basis that it is a subsidiary undertaking and its immediate parent undertaking is not established under the law of any part of the United Kingdom.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

4. Investments

	Shares in group undertakings and participating interests	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	192,104	192,104
	_______	_______
Impairment
At 1 April 2024 and 31 March 2025	-	-
	_______	_______
Carrying amount
At 31 March 2025	192,104	192,104
	_______	_______
At 31 March 2024	192,104	192,104
	_______	_______

Investments in group undertakings
	Registered office	Class of share	Percentage of shares held
Subsidiary undertakings
Fiumelatte SRL	Corso, Magenta 85 - 20123 Milano, Italy	Ordinary	100

SA Fashions Limited	20th floor, Champion Building, 287-291 Des Voeux Road Central, Sheung Wan, Hong Kong.	Ordinary	100

The results and capital and reserves for the period of the trading companies are as follows:


	Capital and		Profit/(loss)
	reserves		for the
			period
	2025	2024	2025	2024
	£	£	£	£
Subsidiary undertakings
Fiumelatte SRL	69,269	90,964	19,114	( 21,953)
SA Fashions Limited	(11,901)	(9,745)	( 2,333)	( 958)

5. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	789,998	783,187
Other debtors	7,850	7,850
	_______	_______
	797,848	791,037
	_______	_______

The debtors above include the following amounts falling due after more than one year:

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	789,998	783,187
	_______	_______

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	12,465	9,200
	_______	_______

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

	2025	2024
	£	£
Other creditors	1,031,622	1,047,006
	_______	_______

8. Reserves

Called-up share capital - represents the nominal value of shares that have been issued.Profit and loss account - includes all current and prior period retained profits and losses.

9. Summary audit opinion

The auditor's report dated 22 December 2025 was unqualified.

The senior statutory auditor was Kaushik Nathwani for and on behalf of Nagle James Associates Limited

10. Related party transactions and parent

The company has taken advantage of the exemption under FRS102 Section 33.1A not to disclose transactions with parent company and fellow subsidiary entities that are 100% owned within the group.

The company has a long-term loan from Abinitio International Limited a company owned by Mr Atul Batra a director and his associate. The balance outstanding at the year end amounted to £1,031,622 (2023: £1,047,006).

The company's parent, which prepares consolidated group financial statements, was Itopia Management Services (India) Private Limited, with its registered office address at E-52, New Manglapuri, Mandi Road (Mehrauli), New Delhi, 110030, India.

11. Comparative information

The prior year comparatives have been reclassified for better disclosure.