Registered number
03083208
Satnam Properties Limited
Filleted Accounts
30 June 2025

Satnam Properties Limited
Registered number: | 03083208
Balance Sheet
as at 30 June 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 4 |  |  | 350,000 |  |  | 350,000
Current assets
Debtors | 5 |  | 9,264 |  |  | 24,367
Cash at bank and in hand |  |  | 138,544 |  |  | 83,291
|  |  | 147,808 |  |  | 107,658
Creditors: amounts falling due within one year | 6 |  | (32,448) |  |  | (18,191)
Net current assets |  |  |  | 115,360 |  |  | 89,467
Total assets less current liabilities |  |  |  | 465,360 |  |  | 439,467
Provisions for liabilities |  |  |  | (36,966) |  |  | (36,966)
Net assets |  |  |  | 428,394 |  |  | 402,501
Capital and reserves
Called up share capital |  |  |  | 100 |  |  | 100
Profit and loss account |  |  |  | 428,294 |  |  | 402,401
Shareholders' funds |  |  |  | 428,394 |  |  | 402,501
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 March 2026 and signed on its behalf by:
S S Dhillon
Director
The notes on pages 2 to 4 form part of these financial statements.

Satnam Properties Limited
Notes to the Accounts
for the year ended 30 June 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention, except for investment property, and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
| The preparation of financial statements in compliance with FRS 102 Section 1A Small Entities requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the accounting policies.
| Turnover
| Turnover, representing rental income from property and car parking income, is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Rental income from property is charged to profit or loss on a straight-line basis over the term of the lease.
| Investment properties
| Investment properties are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
| Debtors
| Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
| Creditors
| Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
| Taxation
| A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | - |  | -
3 | Taxation on profit | 2025 |  | 2024
£ | £
| UK corporation tax on profits/(losses) of the year | - |  | -
| Adjustment in respect of previous years | - |  | -
| Total current tax | - |  | -
| Movement in deferred tax liability | - |  | (43,421)
| Taxation charge/(credit) on profit/(loss) | - |  | (43,421)
| The tax assessed for the year differs from the standard rate of corporation tax in the UK. The differences are explained below:
|  |  |  |  |  | 2025 |  | 2024
£ | £
| (Loss)/profit before tax | 25,893 |  | (303,094)
| (Loss)/profit at the standard rate of corporation tax in the UK: |  | 6,473 |  | (75,774)
| Effects of:
| Expenses/(income) not taxable | - |  | 81,250
| Group relief | (6,473) |  | (5,476)
| Movement in deferred tax liability on fair value adjustments | - |  | (43,421)
| Taxation on (loss)/profit for the year | - |  | (43,421)
4 | Tangible fixed assets
|  |  |  |  |  |  |  | Investment property
£
| Cost or valuation
| At 1 July 2024 | 350,000
| At 30 June 2025 | 350,000
| Depreciation
| At 30 June 2025 | -
| Net book value
| At 30 June 2025 | 350,000
| At 30 June 2024 | 350,000
| The historical cost of investment properties is £118,732 (2024: £118,732).
| Investment properties have been revalued by the directors for the year ended 30 June 2025 and are stated at open market value.
5 | Debtors | 2025 |  | 2024
£ | £
| Amounts falling due within one year:
| Amounts owed by related parties |  | 9,120 |  | 9,120
| Other debtors | 144 |  | 15,247
|  |  |  |  |  | 9,264 |  | 24,367
| Amounts owed by related parties are interest free, unsecured and repayable on demand.
6 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Amounts owed to related parties |  | 27,919 |  | 13,662
| Other creditors | 4,529 |  | 4,529
|  |  |  |  |  | 32,448 |  | 18,191
| Amounts owed to related parties are interest free, unsecured and repayable on demand.
7 | Related party transactions
| Included in debtors is an amount of £9,120 (2024: £9,120) owed by Parking Places (Gloucester) Limited, a company in which S S Dhillon is a director.
| Included in creditors are amounts of £1,440 (2024: £1,080) owed to Satnam Planning Services Limited, and £26,479 (2024: £12,582) owed to Satnam Investments Limited, companies in which S S Dhillon is a director.
8 | Controlling party
| The company's parent company is Core Holdings Limited, whose registered office address is Connaught House, St Julian's Avenue, St Peter Port, Guernsey, GY1 1GZ. The ultimate controlling party is S S Dhillon, a director of the company.
9 | Other information
| Satnam Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
| 17 Imperial Square
| Cheltenham
| Gloucestershire
| GL50 1QZ

Satnam Properties Limited 03083208 false 2024-07-01 2025-06-30 2025-06-30 VT Final Accounts February 2026 S S Dhillon No description of principal activity 03083208 2023-07-01 2024-06-30 03083208 core:WithinOneYear 2024-06-30 03083208 core:ShareCapital 2024-06-30 03083208 core:RetainedEarningsAccumulatedLosses 2024-06-30 03083208 2024-07-01 2025-06-30 03083208 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 03083208 bus:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 03083208 bus:Director40 2024-07-01 2025-06-30 03083208 1 2024-07-01 2025-06-30 03083208 2 2024-07-01 2025-06-30 03083208 countries:England 2024-07-01 2025-06-30 03083208 bus:FRS102 2024-07-01 2025-06-30 03083208 bus:FilletedAccounts 2024-07-01 2025-06-30 03083208 2025-06-30 03083208 core:WithinOneYear 2025-06-30 03083208 core:ShareCapital 2025-06-30 03083208 core:RetainedEarningsAccumulatedLosses 2025-06-30 03083208 core:LandBuildings 2025-06-30 03083208 2024-06-30 03083208 core:LandBuildings 2024-06-30 iso4217:GBP xbrli:pure