Company Registration No. 10528149 (England and Wales)
Saiga Property Ltd
Unaudited accounts
for the year ended 31 August 2025
Saiga Property Ltd
Unaudited accounts
Contents
Saiga Property Ltd
Company Information
for the year ended 31 August 2025
Director
Muhammad Abubakar Khan
Company Number
10528149 (England and Wales)
Registered Office
UNIT C1 A
POOLE HALL ROAD INDUSTRIAL ESTATE
ELLESMERE PORT
CH66 1ST
ENGLAND
Accountants
PRIME ACCOUNTANTS
10 LOCKWOOD HOUSE
LOCKWOOD PARK
HUDDERSFIELD
HD4 6EN
Saiga Property Ltd
Statement of financial position
as at 31 August 2025
Investment property
1,104,999
1,104,999
Cash at bank and in hand
3,000
8,629
Creditors: amounts falling due within one year
(990,470)
(79,067)
Net current assets
324,994
528,270
Total assets less current liabilities
1,429,993
1,637,311
Creditors: amounts falling due after more than one year
(1,119,157)
(1,317,403)
Provisions for liabilities
Deferred tax
(96,417)
(96,417)
Net assets
214,419
223,491
Called up share capital
100
100
Profit and loss account
214,319
223,391
Shareholders' funds
214,419
223,491
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 August 2026 and were signed on its behalf by
Muhammad Abubakar Khan
Director
Company Registration No. 10528149
Saiga Property Ltd
Notes to the Accounts
for the year ended 31 August 2025
Saiga Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 10528149. The registered office is UNIT C1 A, POOLE HALL ROAD INDUSTRIAL ESTATE, ELLESMERE PORT, CH66 1ST, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention, as modified by the revaluation of investment property
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
Straight line - 33%
The company made a loss for the year of £9,072 (2024: profit of £3,593) and at 31 August 2025 had net current assets of £324,994, which include amounts due from companies under common control. Included in creditors falling due within one year is a loan from the director of £922,572, which is repayable on demand; the director has confirmed in writing that he will not seek repayment of this loan for a period of at least twelve months from the date of approval of these accounts and that he will continue to provide such financial support as the company requires to meet its liabilities as they fall due over that period. On that basis the director considers it appropriate to prepare the accounts on the going concern basis.
4
Intangible fixed assets
Other
Saiga Property Ltd
Notes to the Accounts
for the year ended 31 August 2025
5
Tangible fixed assets
Computer equipment
Fair value at 1 September 2024
1,104,999
At 31 August 2025
1,104,999
Investment property is measured at fair value at each reporting date, with changes in fair value recognised in profit or loss. Deferred tax is provided on fair value gains at the rate expected to apply when the property is sold.
The investment property is stated at the director's assessment of fair value at 31 August 2025. No revaluation movement arose in the year. The historical cost of the property was £719,335.
Amounts falling due within one year
Amounts due from group undertakings etc.
492,516
-
Accrued income and prepayments
935
-
Amounts falling due after more than one year
Amounts due from group undertakings etc.
736,553
46,684
Saiga Property Ltd
Notes to the Accounts
for the year ended 31 August 2025
8
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
48,928
55,469
Amounts owed to group undertakings and other participating interests
18,510
22,793
Loans from directors
922,572
-
9
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
677,065
672,620
Amounts owed to group undertakings and other participating interests
442,092
-
Loans from directors
-
644,783
The bank loan of £656,232 is secured by a fixed charge over the company's property.
10
Deferred taxation
2025
2024
Accelerated capital allowances
-
96,417
Revaluation of land and buildings
96,417
-
Provision at start of year
96,417
96,106
Charged to the profit and loss account
-
311
Provision at end of year
96,417
96,417
The tax charge represents the sum of current and deferred tax. No current tax arises in the year as the company has losses for tax purposes. Deferred tax is provided on timing differences, principally the fair value uplift on investment property, at 25%. No deferred tax asset has been recognised in respect of tax losses carried forward of £68,019, as there is insufficient certainty over the timing of suitable future taxable profits.
At 31 August 2025 the company owed the director £922,572 (2024: £644,783). The loan is unsecured, interest free and repayable on demand. During the year the balance owed to the director was reduced by £37,187 by means of a set-off agreed between the company, the director and Mocha Property Management Ltd, under which the amount due to the company from Mocha Property Management Ltd was reduced by the same amount. At no point during the year did the director owe any amount to the company.
Saiga Property Ltd
Notes to the Accounts
for the year ended 31 August 2025
12
Transactions with related parties
During the year the company was charged a management fee of £15,000 by RMA1 RDST Ltd, a company under common control, and property management fees of £11,672 by Mocha Property Management Ltd, a company controlled by a person connected with the director. At 31 August 2025 the company was owed £1,229,068 by, and owed £460,602 to, companies under common control. All balances are unsecured and interest free.
The company is controlled by Muhammad Abubakar Khan, the director, who holds the entire issued share capital.
14
Average number of employees
During the year the average number of employees was 1 (2024: 1).