SAGAR PROPERTY DEVELOPMENT LIMITED

SAGAR PROPERTY DEVELOPMENT LIMITED

SAGAR PROPERTY DEVELOPMENT LIMITED - Company Information

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Company Registration No. 11423154 (England and Wales)
SAGAR PROPERTY DEVELOPMENT LIMITED Unaudited accounts for the year ended 30 June 2023
SAGAR PROPERTY DEVELOPMENT LIMITED Unaudited accounts Contents
Page
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SAGAR PROPERTY DEVELOPMENT LIMITED Company Information for the year ended 30 June 2023
Director
Sarla Rani Sagar
Company Number
11423154 (England and Wales)
Registered Office
4 THE FAIRWAY WEMBLEY HA0 3LH UNITED KINGDOM
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SAGAR PROPERTY DEVELOPMENT LIMITED Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
142,782 
144,325 
Current assets
Cash at bank and in hand
76 
294 
Creditors: amounts falling due within one year
5
(135,530)
(145,187)
Net current liabilities
(135,454)
(144,893)
Net assets/(liabilities)
7,328 
(568)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
7,228 
(668)
Shareholders' funds
7,328 
(568)
For the year ending 30 June 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 director acknowledges her 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 26 April 2024 and were signed on its behalf by
Sarla Rani Sagar Director Company Registration No. 11423154
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SAGAR PROPERTY DEVELOPMENT LIMITED Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
SAGAR PROPERTY DEVELOPMENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11423154. The registered office is 4 THE FAIRWAY, WEMBLEY, HA0 3LH, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Land & buildings
2%
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2022
144,319 
4,500 
148,819 
Additions
3,000 
- 
3,000 
At 30 June 2023
147,319 
4,500 
151,819 
Depreciation
At 1 July 2022
4,411 
83 
4,494 
Charge for the year
2,764 
1,779 
4,543 
At 30 June 2023
7,175 
1,862 
9,037 
Net book value
At 30 June 2023
140,144 
2,638 
142,782 
At 30 June 2022
139,908 
4,417 
144,325 
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SAGAR PROPERTY DEVELOPMENT LIMITED Notes to the Accounts for the year ended 30 June 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
2,918 
925 
Other creditors
1,550 
- 
Loans from directors
130,562 
144,262 
Accruals
500 
- 
135,530 
145,187 
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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