Sa Property Innovations Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14429430

		31 October 2023
	Notes	£	£
FIXED ASSETS
Tangible Assets	5		14,560
Investment Properties	6		348,118

			362,678
CURRENT ASSETS
Debtors	7	1,108
Cash at bank and in hand		632

		1,740
Creditors: Amounts Falling Due Within One Year	8	(373,293 )

NET CURRENT ASSETS (LIABILITIES)			(371,553 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(8,875 )

Creditors: Amounts Falling Due After More Than One Year	9		(12,646 )

NET LIABILITIES			(21,521 )

CAPITAL AND RESERVES
Called up share capital	11		10
Profit and Loss Account			(21,531 )

SHAREHOLDERS' FUNDS			(21,521)

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Sa Property Innovations Ltd

Balance Sheet (continued)

As At 31 October 2023

For the period ending 31 October 2023 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Andrew Whale

Director

28/10/2026

The notes on pages 3 to 5 form part of these financial statements.

1. Revision by Replacement

The financial statements for the period ended 31 October 2023 have been revised.

These financial statements:

replace the original financial statements;
are now the statutory financial statements;
have been prepared as at the date of the original financial statements, and not as at the date of the revision and accordingly do not deal with events between those dates.

Certain transactions were omitted from the original financial statements.

The omitted transactions have been recognised in the revised financial statements.

2. General Information

Sa Property Innovations Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14429430 . The registered office is Park Plaza, Falcon Point, Cannock, Staffordshire Park Plaza, Heath Hayes, Cannock, England, WS12 2DE.

3. Accounting Policies

3.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

3.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

25% Straight Line Basis

3.4. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Sa Property Innovations Ltd

Notes to the Financial Statements (continued)

For the Period 19 October 2022 to 31 October 2023

4. Average Number of Employees

Average number of employees, including directors, during the period was: 2

5. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 19 October 2022	-
Additions	18,397

As at 31 October 2023	18,397

Depreciation
As at 19 October 2022	-
Provided during the period	3,837

As at 31 October 2023	3,837

Net Book Value
As at 31 October 2023	14,560

As at 19 October 2022	-

6. Investment Property

	31 October 2023
	£
Fair Value
As at 19 October 2022	-
Additions	348,118

As at 31 October 2023	348,118

7. Debtors

	31 October 2023
	£
Due within one year
Other debtors	1,108

At the year end, the Company was owed £864 by AK Property Innovations Limited, a related party, which is included within other debtors.

8. Creditors: Amounts Falling Due Within One Year

	31 October 2023
	£
Other creditors	(2 )
Directors' loan accounts	373,295

	373,293

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Sa Property Innovations Ltd

Notes to the Financial Statements (continued)

For the Period 19 October 2022 to 31 October 2023

9. Creditors: Amounts Falling Due After More Than One Year

	31 October 2023
	£
Net obligations under finance lease and hire purchase contracts	12,646

10. Obligations Under Finance Leases and Hire Purchase

	31 October 2023
	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	12,646

11. Share Capital

	31 October 2023
	£
Allotted, Called up and fully paid	10

12. Ultimate Controlling Party Not Known

The directors consider that there is no ultimate controlling party.

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