SAYAH_INVESTMENTS_LIMITED - Accounts

SAYAH INVESTMENTS LIMITED - Company Information

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Company Registration No. 02802571 (England and Wales)

SAYAH INVESTMENTS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2015

SAYAH INVESTMENTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

SAYAH INVESTMENTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

2,000,000

Current assets

Debtors

48,438

60,938

Cash at bank and in hand

348,563

314,373

397,001

375,311

Creditors: amounts falling due within one year

(1,082,447)

(1,082,577)

Net current liabilities

(685,446)

(707,266)

Total assets less current liabilities

1,314,554

1,292,734

Creditors: amounts falling due after more than one year

(187,500)

1,127,054

1,105,234

Capital and reserves

Called up share capital

1,200

Revaluation reserve

750,000

Profit and loss account

375,854

354,034

Shareholders' funds

1,127,054

1,105,234

For the financial year ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 14 June 2015

Mr Y H Abdullah

Director

Company Registration No. 02802571

SAYAH INVESTMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings.

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Tangible fixed assets and depreciation

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the applicable accounting standard, SSAP 19, Accounting for investment properties, it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Fixed assets

Tangible assets

Cost or valuation

At 1 May 2014 & at 30 April 2015

2,000,000

At 30 April 2014

2,000,000

Share capital

2015

2014

Allotted, called up and fully paid

1,200 Ordinary shares of £1 each

1,200