| Sirai House Ltd |
| Registered number: 09064611 |
| Balance Sheet |
| As at 31 March 2025 |
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|
|
| Notes |
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|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Investments |
4 |
|
|
5,243,840 |
|
|
4,296,628 |
|
| Current assets |
| Debtors |
5 |
|
2 |
|
|
2 |
| Cash at bank |
|
|
542 |
|
|
139 |
|
|
|
544 |
|
|
141 |
| Creditors: amounts falling due within one year |
6 |
|
(97,727) |
|
|
(82,827) |
|
|
|
|
|
|
|
| Net current liabilities |
|
|
|
(97,183) |
|
|
(82,686) |
|
| Net assets |
|
|
|
5,146,657 |
|
|
4,213,942 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Share capital |
7 |
|
|
6,684 |
|
|
6,684 |
| Retained earnings |
|
|
|
5,139,973 |
|
|
4,207,258 |
|
| Shareholder's funds |
|
|
|
5,146,657 |
|
|
4,213,942 |
|
|
|
|
|
|
|
|
|
| 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 company has taken the option not to deliver a profit and loss account to the Registrar of Companies. |
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| M A Spencer |
| Director |
| Approved by the board on 7 May 2026 |
|
| Sirai House Ltd |
| Notes to the Accounts |
| For the year ended 31 March 2025 |
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|
| 1 |
Company Information |
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The company is a private company limited by shares, incorporated in England and registered at 3rd Floor, 39 Sloane Street, Knightsbridge, London SW1X 9LP. |
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| 2 |
Accounting policies |
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2.1 Basis of preparation |
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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). |
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2.2 Group accounts exemption |
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The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirement to prepare group accounts for the group which it heads as a parent company. |
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2.3 Functional and presentation currency |
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The company's functional and presentation currency is Pound sterling ("£"). |
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2.4 Investments |
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Investments in subsidiaries are measured at cost less accumulated impairment losses. Investments are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit and loss account. Where the carrying amount is less than its recoverable amount, an impairment gain is restored up to the original cost. |
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2.5 Debtors |
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Short term debtors are measured at transaction price less any impairment losses for bad and doubtful debts. Longer term 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. |
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2.6 Creditors |
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Short term creditors are measured at transaction price. Longer term 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. |
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2.7 Taxation |
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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 accounts 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 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. |
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|
| 3 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
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|
|
|
|
|
|
|
| 4 |
Investments |
2025 |
| £ |
|
Investment in subsidiary undertaking at cost |
|
At 1 April 2024 and 31 March 2025 |
11,733,426 |
|
|
|
|
|
|
|
|
|
|
Impairment |
|
At 1 April 2024 |
7,436,798 |
|
Decrease during the year |
(947,212) |
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At 31 March 2025 |
6,489,586 |
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|
|
|
|
|
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Net book value |
|
At 31 March 2025 |
5,243,840 |
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At 31 March 2024 |
4,296,628 |
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|
|
|
|
|
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|
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| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
2 |
|
2 |
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| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Amounts owed to subsidiary company |
|
79,127 |
|
78,627 |
|
Other creditors |
18,600 |
|
4,200 |
|
|
|
|
|
|
97,727 |
|
82,827 |
|
|
|
|
|
|
|
|
|
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| 7 |
Share capital |
2025 |
|
2024 |
| £ |
£ |
|
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Allotted, called up and fully paid: |
|
6,864 Ordinary shares of £1 each |
6,684 |
|
6,684 |
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| 8 |
Related party transactions |
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Other creditors in Note 6 include £15,000 (2024: £nil) owed to the ultimate controlling party. This is unsecured, interest-free and payable on demand.
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| 9 |
Controlling party |
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The controlling party is M A Spencer. |