REGISTERED NUMBER: 07066556 (England and Wales)

Financial Statements for the Year Ended 30 November 2025

for

SAS Special Projects Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr G Jennings

Mr J M Jennings

Mr J B Jennings

Miss M Jennings

REGISTERED OFFICE:

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

REGISTERED NUMBER:

07066556 (England and Wales)

ACCOUNTANTS:

Nordens

The Retreat

406 Roding Lane South

Woodford Green

Essex

IG8 8EY

FIXED ASSETS

Tangible assets

4

300,198

364,908

Investment property

5

454,281

454,281

754,479

819,189

CURRENT ASSETS

Stocks

139,000

-

Debtors

6

1,606,699

572,099

Cash at bank and in hand

208,558

770,498

1,954,257

1,342,597

CREDITORS

Amounts falling due within one year

7

1,997,584

927,728

NET CURRENT (LIABILITIES)/ASSETS

(43,327

)

414,869

TOTAL ASSETS LESS CURRENT LIABILITIES

711,152

1,234,058

CREDITORS

Amounts falling due after more than one year

8

100,000

19,223

NET ASSETS

611,152

1,214,835

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

611,052

1,214,735

611,152

1,214,835

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2026 and were signed on its behalf by:

Mr G Jennings - Director

1.	STATUTORY INFORMATION

SAS Special Projects Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 December 2024

and 30 November 2025

485,575

1,595

361,976

1,685

850,831

DEPRECIATION

At 1 December 2024

220,515

1,491

263,317

600

485,923

Charge for year

39,759

15

24,665

271

64,710

At 30 November 2025

260,274

1,506

287,982

871

550,633

NET BOOK VALUE

At 30 November 2025

225,301

89

73,994

814

300,198

At 30 November 2024

265,060

104

98,659

1,085

364,908

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2024

and 30 November 2025

454,281

NET BOOK VALUE

At 30 November 2025

454,281

At 30 November 2024

454,281

Fair value at 30 November 2025 is represented by:

£

Valuation in 2025

454,281

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

182,570

397,116

Other debtors

1,424,129

174,983

1,606,699

572,099

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans and overdrafts

12,620

2,086

Trade creditors

872,872

508,204

Amounts owed to associates

200,000

-

Taxation and social security

782,061

388,414

Other creditors

130,031

29,024

1,997,584

927,728

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Bank loans

-

19,223

Finance leases

100,000

-

100,000

19,223

9.	RELATED PARTY DISCLOSURES

The Directors, Mr G Jennings and Mr J B Jennings are considered to be key management personnel.