REGISTERED NUMBER: 13569516 (England and Wales)

Unaudited Financial Statements

for the Period 31 May 2024 to 29 May 2025

for

Sapphire Assets Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Investment property

4

775,283

612,401

CURRENT ASSETS

Cash at bank

173,088

900

CREDITORS

Amounts falling due within one year

5

30,175

35,475

NET CURRENT ASSETS/(LIABILITIES)

142,913

(34,575

)

TOTAL ASSETS LESS CURRENT LIABILITIES

918,196

577,826

CREDITORS

Amounts falling due after more than one year

6

963,639

582,000

NET LIABILITIES

(45,443

)

(4,174

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(45,445

)

(4,176

)

(45,443

)

(4,174

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 May 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 May 2026 and were signed by:

Mr D Olojugba - Director

1.	STATUTORY INFORMATION

Sapphire Assets Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

13569516

Registered office:

57 Rosemoor Gardens

Appleton

Warrington

WA4 5RF

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis notwithstanding the deficit in net assets. The main creditor of the company is a related entity who is owed £582,000. They are prepared to continue to support the development of the company for the next year as demonstrated by this loan to the company, being utilised for the investment in a new assets.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 31 May 2024

612,401

Additions

162,882

At 29 May 2025

775,283

NET BOOK VALUE

At 29 May 2025

775,283

At 30 May 2024

612,401

Investment properties are stated at cost. In the opinion of the directors, there has been no significant change in their value up to 30th May 2024.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

4,822

20,759

Other creditors

25,353

14,716

30,175

35,475

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

438,576

-

Amounts owed to associates

525,063

582,000

963,639

582,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

438,576

-