Sarj Holdings Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 13355295 (England and Wales)

Financial Statements for the Year Ended 29 April 2023

for

Sarj Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A K K Popat

S P Kanabar

REGISTERED OFFICE:

7 Marlborough Avenue

Southgate

London

N14 7LE

REGISTERED NUMBER:

13355295 (England and Wales)

ACCOUNTANTS:

Cobham Murphy

116 Duke Street

Liverpool

Merseyside

L1 5JW

FIXED ASSETS

Investment property

4

1,605,000

895,000

CURRENT ASSETS

Debtors

5

28,596

25,114

Cash at bank and in hand

8,554

689

37,150

25,803

CREDITORS

Amounts falling due within one year

6

719,808

1,027,865

NET CURRENT LIABILITIES

(682,658

)

(1,002,062

)

TOTAL ASSETS LESS CURRENT LIABILITIES

922,342

(107,062

)

CREDITORS

Amounts falling due after more than one year

7

(714,053

)

-

PROVISIONS FOR LIABILITIES

(52,974

)

-

NET ASSETS/(LIABILITIES)

155,315

(107,062

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

155,313

(107,064

)

155,315

(107,062

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 April 2023 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 January 2024 and were signed on its behalf by:

S P Kanabar - Director

1.	STATUTORY INFORMATION

Sarj Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover

Turnover is measured at the fair value of the rents received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised as the rent becomes due.

.

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.

Financial instruments

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 30 April 2022

895,000

Additions

350,132

Revaluations

359,868

At 29 April 2023

1,605,000

NET BOOK VALUE

At 29 April 2023

1,605,000

At 29 April 2022

895,000

The properties were revalued in the year based on market value.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.4.23

29.4.22

£

£

Other debtors

28,596

25,114

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.4.23

29.4.22

£

£

Bank loans and overdrafts

-

610,500

Other creditors

719,808

417,365

719,808

1,027,865

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29.4.23

29.4.22

£

£

Bank loans

714,053

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

714,053

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

29.4.23

29.4.22

£

£

Bank loans

714,053

610,500

Other loans

253,833

-

967,886

610,500

9.	RELATED PARTY DISCLOSURES

Included in other debtors at 29th April 2023 is £28,082 owed from related parties. Included in other creditors at 29th April 2023 is £458,240 owed to related parties. the loans are interest free and repayable on demand.