S A Properties (York) Limited - Filleted accounts

Registered number

10938631

S A Properties (York) Limited

Filleted Accounts

31 August 2025

S A Properties (York) Limited
Registered number:		10938631
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		15,511,234			13,739,998

Current assets
Debtors	4	42,382			176,558
Cash at bank and in hand		9,197			699,426
		51,579			875,984

Creditors: amounts falling due within one year	5	(1,653,982)			(1,299,498)

Net current liabilities			(1,602,403)			(423,514)

Total assets less current liabilities			13,908,831			13,316,484

Creditors: amounts falling due after more than one year	6		(2,782,655)			(2,382,139)

Provisions for liabilities			(8,851)			(11,489)


Net assets			11,117,325			10,922,856

Capital and reserves
Called up share capital			9,470,520			9,470,520
Profit and loss account			1,646,805			1,452,336

Shareholders' funds			11,117,325			10,922,856

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.




Mr Saleem Akhtar
Director
Approved by the board on 22 May 2026

S A Properties (York) Limited
Notes to the Accounts
for the year ended 31 August 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.

	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:



	Motor vehicle			25% Reducing balance basis
	Fixtures, fittings, tools and equipment			15% Reducing balance basis

	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.

	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.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					3		3


3	Tangible fixed assets
		Land and buildings		Fixtures, fittings, tools and equipment		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 September 2024	14,143,067		63,482		22,129		14,228,678
	Additions	1,781,857		-		-		1,781,857
	At 31 August 2025	15,924,924		63,482		22,129		16,010,535

	Depreciation
	At 1 September 2024	463,881		17,657		7,142		488,680
	Charge for the year	-		6,874		3,747		10,621
	At 31 August 2025	463,881		24,531		10,889		499,301

	Net book value
	At 31 August 2025	15,461,043		38,951		11,240		15,511,234
	At 31 August 2024	13,679,186		45,825		14,987		13,739,998


4	Debtors					2025		2024
£							£

	Trade debtors					3,505		13,900
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					38,877		37,632
	Other debtors					-		125,026
						42,382		176,558


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					426,780		341,063
	Trade creditors					853,350		811,755
	Taxation and social security costs					118,852		146,680
	Other creditors					255,000		-
						1,653,982		1,299,498


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					2,570,062		2,375,390
	Director's current account					212,593		6,749
						2,782,655		2,382,139


7	Other information

	S A Properties (York) Limited is a private company limited by shares and incorporated in England. Its registered office is:
	26 Monkgate Monkgate
	York
	North Yorkshire
	YO31 7PF