S&A Estate Management Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10918206 (England and Wales)

Unaudited Financial Statements

for the Period 1 September 2019 to 31 July 2020

for

S&A Estate Management Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Savpreet Aulakh

REGISTERED OFFICE:

Napier House

7 Corunna Court

Corunna Road

Warwick

CV34 5HQ

REGISTERED NUMBER:

10918206 (England and Wales)

ACCOUNTANTS:

SKN Services Ltd

Chartered Accountants

SKN Business Centre

1 Guildford Street

Birmingham

West Midlands

B19 2HN

FIXED ASSETS

Tangible assets

4

2,435,756

2,086,817

CURRENT ASSETS

Debtors

5

45,310

2,813

Cash at bank

2,031

45,355

47,341

48,168

CREDITORS

Amounts falling due within one year

6

922,978

781,168

NET CURRENT LIABILITIES

(875,637

)

(733,000

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,560,119

1,353,817

CREDITORS

Amounts falling due after more than one year

7

1,604,742

1,374,622

NET LIABILITIES

(44,623

)

(20,805

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(44,723

)

(20,905

)

SHAREHOLDERS' FUNDS

(44,623

)

(20,805

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 22 April 2021 and were signed by:

Mr Savpreet Aulakh - Director

1.	STATUTORY INFORMATION

S&A Estate Management Ltd 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 September 2019

2,086,817

Additions

348,939

At 31 July 2020

2,435,756

NET BOOK VALUE

At 31 July 2020

2,435,756

At 31 August 2019

2,086,817

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.20

31.8.19

£

£

Trade debtors

6,600

-

Other debtors

38,710

2,813

45,310

2,813

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.20

31.8.19

£

£

Bank loans and overdrafts

70,834

-

Trade creditors

2,831

2,478

Taxation and social security

988

-

Other creditors

848,325

778,690

922,978

781,168

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.20

31.8.19

£

£

Bank loans

1,604,742

1,374,622

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 yr

1,604,742

1,374,622

8.	RELATED PARTY DISCLOSURES

As at 31/07/2020, the director of the company, Mr Aulakh owed the company the amount of £198,168.17. However, this has been fully repaid by 22/04/2021.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Savpreet Aulakh.