Sahar Property Limited - Limited company - abbreviated

REGISTERED NUMBER: 04971108 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Sahar Property Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs S Zaman

REGISTERED OFFICE:

C/O Blandfords

284 Station Road

Harrow

Middlesex

HA1 2EA

REGISTERED NUMBER:

04971108 (England and Wales)

ACCOUNTANTS:

Blandfords & Co Ltd

284 Station Road

Harrow

Middlesex

HA1 2EA

FIXED ASSETS

Tangible assets

2

-

Investments

3

161

Investment property

4

280,000

280,161

CURRENT ASSETS

Debtors

5,000

Cash at bank

4,745

13,041

9,745

18,041

CREDITORS

Amounts falling due within one year

17,549

13,069

NET CURRENT (LIABILITIES)/ASSETS

(7,804

)

4,972

TOTAL ASSETS LESS CURRENT
LIABILITIES

272,357

285,133

CREDITORS

Amounts falling due after more than one
year

5

278,578

297,198

NET LIABILITIES

(6,221

)

(12,065

)

CAPITAL AND RESERVES

Called up share capital

6

100

Revaluation reserve

25,606

Profit and loss account

(31,927

)

(37,771

)

SHAREHOLDERS' FUNDS

(6,221

)

(12,065

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 30 December 2015 and were signed by:

Mrs S Zaman - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents rents receivable from investment properties.

Tangible fixed assets

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

Fixtures,fitting and equipment 20%per annum on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

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 Financial Reporting Standard for Smaller Entities

(effective April 2008), 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.

Deferred tax

Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the

extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise

in the foreseeable future. Deferred tax is not recognised on the revaluation of the investment properties unless

there is a contract in place for the sale thereof.

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

1,864

DEPRECIATION

At 1 April 2014

and 31 March 2015

1,864

NET BOOK VALUE

At 31 March 2015

-

At 31 March 2014

-

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2014

and 31 March 2015

161

NET BOOK VALUE

At 31 March 2015

161

At 31 March 2014

161

4.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2014

and 31 March 2015

280,000

NET BOOK VALUE

At 31 March 2015

280,000

At 31 March 2014

280,000

The valuations of investment properties were made as at the balance sheet date by the director, on an open

market basis. No depreciation is provided in respect of these properties.

On an historical cost basis these would have been included at an original cost of £254,394 (2014 -£254,394).

5.

CREDITORS

Creditors include an amount of £ 142,635 (31.3.14 - £ 142,635 ) for which security has been given.

They also include the following debts falling due in more than five years:

31.3.15

31.3.14

£

Repayable otherwise than by instalments

135,943

154,563

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

100

Ordinary

1

100

Sahar Property Limited - Limited company - abbreviated - 11.9

Sahar Property Limited - Limited company - abbreviated - 11.9