Registered number
09674118
Sangha Lets Limited
Filleted Accounts
31 July 2025

Sangha Lets Limited
Registered number: | 09674118
Balance Sheet
as at 31 July 2025
Notes |  |  | 2025 |  |  | 2024
£ | £
Fixed assets
Tangible assets | 3 |  |  | 1,550,000 |  |  | 1,550,000
Current assets
Debtors | 4 |  | 18,265 |  |  | 15,152
Cash at bank and in hand |  |  | 1,326 |  |  | 5,913
|  |  | 19,591 |  |  | 21,065
Creditors: amounts falling due within one year | 5 |  | (89,223) |  |  | (89,988)
Net current liabilities |  |  |  | (69,632) |  |  | (68,923)
Total assets less current liabilities |  |  |  | 1,480,368 |  |  | 1,481,077
Creditors: amounts falling due after more than one year | 6 |  |  | (1,381,979) |  |  | (1,391,029)
Net assets |  |  |  | 98,389 |  |  | 90,048
Capital and reserves
Called up share capital |  |  |  | 100 |  |  | 100
Profit and loss account |  |  |  | 98,289 |  |  | 89,948
Shareholder's funds |  |  |  | 98,389 |  |  | 90,048
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr I S Sangha
Director
Approved by the board on 22 April 2026

Sangha Lets Limited
Notes to the Accounts
for the year ended 31 July 2025
1 | Accounting policies
| Basis of preparation
| The accounts have been prepared under the historical cost convention 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).
| Turnover
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
| Intangible fixed assets
| Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
| Tangible fixed assets
| Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Freehold buildings | not provided
| In stating freehold land and buildings at valuation and not subjecting to periodic charges for depreciation results in a departure from usual accounting principles. The usual requirement according to company legislation is to provide depreciation on any fixed assets which have a limited useful economic life. However, in this case the director believes that writing down such assets will not show a true and fair view as the residual values of such freehold land and buildings are expected to remain high. The subsequent non-charge of depreciation (based on a 1/3 land split and 2% charge) amounts to £20,667 (2024 - £20,667).
| Investments
| Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments 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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
| Provisions
| Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
| Foreign currency translation
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
| Leased assets
| A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
| Going concern
| The financial statements have been prepared on a going concern basis. The director has indicated his willingness to continue to support the company for the forseeable future and no demand has been received for repayment from the company's creditors or lenders for amounts owing. The director is actively reviewing the future trade and cost levels to identify potential savings and improve profitability. In the light of the factors described above, the director considers it appropriate to adopt the going concern basis in preparing the financial statements.
2 | Employees | 2025 |  | 2024
Number | Number
| Average number of persons employed by the company | - |  | -
3 | Tangible fixed assets
|  |  |  |  |  |  |  | Land and buildings
£
| Cost
| At 1 August 2024 | 1,550,000
| At 31 July 2025 | 1,550,000
| Depreciation
| At 31 July 2025 | -
| Net book value
| At 31 July 2025 | 1,550,000
| At 31 July 2024 | 1,550,000
4 | Debtors | 2025 |  | 2024
£ | £
| Other debtors | 18,265 |  | 15,152
5 | Creditors: amounts falling due within one year | 2025 |  | 2024
£ | £
| Trade creditors | 38,313 |  | 37,230
| Taxation and social security costs | 5,577 |  | 7,932
| Other creditors | 45,333 |  | 44,826
|  |  |  |  |  | 89,223 |  | 89,988
6 | Creditors: amounts falling due after one year | 2025 |  | 2024
£ | £
| Bank loans | 1,091,602 |  | 1,091,602
| Other creditors | 290,377 |  | 299,427
|  |  |  |  |  | 1,381,979 |  | 1,391,029
7 | Loans | 2025 |  | 2024
£ | £
| Creditors include:
| Instalments falling due for payment after more than five years | 1,091,602 |  | 1,091,602
| Secured bank loans | 1,091,602 |  | 1,091,602
| Bank loans are secured by fixed and floating charges over the assets of the company and by personal guarantees by the director.
8 | Controlling party
| The ultimate controlling party is the director by virtue of their 100% ownership of the issued share capital of the company.
9 | Other information
| Sangha Lets Limited is a private company limited by shares and incorporated in England. Its registered office is:
| 9 Gower Street
| Leicester
| LE1 3LJ

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