Sagax Consulting Limited

(Registration number: 08471990) (England and Wales)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	-	4,452
Current assets
Debtors	5	-	145,225
Investments	6	-	119,368
Other financial assets	7	-	496,734
Cash at bank and in hand		-	65,454
		-	826,781
Creditors: Amounts falling due within one year	8	-	(119,859)
Net current assets		-	706,922
Net assets		-	711,374
Capital and reserves
Called up share capital	9	100	100
Retained earnings		(100)	711,274
Shareholders' funds		-	711,374

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

The financial statements were approved and authorised for issue by the director on 16 April 2026
 

......................................... Mr Praveen Ramarao Challa Director

Sagax Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
19 Visage Apartments
Winchester Road
London
NW3 3NW
United Kingdom

These financial statements were authorised for issue by the director on 16 April 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The functional and presentational currency is GBP Sterling (£), being the currency of the primary economic environment in which the company operates in. The amounts are presented rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Sagax Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

2	Accounting policies (continued)

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% p.a. Reducing balance basis

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Sagax Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

3	Staff numbers

The average monthly number of persons employed by the company (including the director) during the year, was 2 (2025: 3).

4	Tangible assets

	Office equipment £
Cost or valuation
At 1 April 2025	10,362
Disposals	(10,362)
At 31 March 2026	-
Depreciation
At 1 April 2025	5,910
Charge for the year	1,113
Eliminated on disposal	(7,023)
At 31 March 2026	-
Carrying amount
At 31 March 2026	-
At 31 March 2025	4,452

Sagax Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

5

Debtors

	2026 £	2025 £
Other debtors	-	144,375
Prepayments	-	850
	-	145,225

6	Current asset investments

	2026 £	2025 £
Other investments	-	119,368

7	Other investments - listed

	Financial assets at fair value through profit and loss £
Current financial assets
Cost or valuation
At 1 April 2025	496,734
Additions	498,133
Disposals	(994,867)
At 31 March 2026	-
Carrying amount
At 31 March 2026	-

Sagax Consulting Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

8

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	-	2,926
Other creditors	-	12,295
Taxation and social security	-	27,118
Accruals and deferred income	-	2,000
Directors current account	-	166
Corporation tax payable	-	75,354
	-	119,859

9	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100