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REGISTERED NUMBER: 01247861 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

SAGOO & TAKHAR LIMITED

SAGOO & TAKHAR LIMITED (REGISTERED NUMBER: 01247861)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2017




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SAGOO & TAKHAR LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2017







DIRECTORS: S S SAGOO
P S TAKHAR
MRS. H SANDHU





SECRETARY: P S TAKHAR





REGISTERED OFFICE: 120 The Green
Southall
Middlesex
UB2 4BQ





REGISTERED NUMBER: 01247861 (England and Wales)





ACCOUNTANTS: Dawn & Co.
Chartered Certified Accountants
35A High Street
Ruislip
Middlesex
HA4 7AU

SAGOO & TAKHAR LIMITED (REGISTERED NUMBER: 01247861)

STATEMENT OF FINANCIAL POSITION
31 March 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 3 477,116 280,539
Investment property 4 13,219,589 12,770,292
13,696,705 13,050,831

CURRENT ASSETS
Debtors 5 2,833 43,200
Cash at bank and in hand 427,196 394,228
430,029 437,428
CREDITORS
Amounts falling due within one year 6 311,096 283,000
NET CURRENT ASSETS 118,933 154,428
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,815,638

13,205,259

CREDITORS
Amounts falling due after more than one year 7 (1,466,237 ) (1,155,474 )

PROVISIONS FOR LIABILITIES (1,715,368 ) (1,715,368 )
NET ASSETS 10,634,033 10,334,417

CAPITAL AND RESERVES
Called up share capital 1,600 1,600
Retained earnings 8 10,632,433 10,332,817
SHAREHOLDERS' FUNDS 10,634,033 10,334,417

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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.

SAGOO & TAKHAR LIMITED (REGISTERED NUMBER: 01247861)

STATEMENT OF FINANCIAL POSITION - continued
31 March 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 5 July 2017 and were signed on its behalf by:





P S TAKHAR - Director


SAGOO & TAKHAR LIMITED (REGISTERED NUMBER: 01247861)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2017

1. STATUTORY INFORMATION

SAGOO & TAKHAR 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Revenue 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement
of financial position 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.

SAGOO & TAKHAR LIMITED (REGISTERED NUMBER: 01247861)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2017

3. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1 April 2016 264,424 38,915 303,339
Additions 199,800 - 199,800
At 31 March 2017 464,224 38,915 503,139
DEPRECIATION
At 1 April 2016 - 22,800 22,800
Charge for year - 3,223 3,223
At 31 March 2017 - 26,023 26,023
NET BOOK VALUE
At 31 March 2017 464,224 12,892 477,116
At 31 March 2016 264,424 16,115 280,539

Cost or valuation at 31 March 2017 is represented by:

Improvements Fixtures
to and
property fittings Totals
£    £    £   
Cost 464,224 38,915 503,139

Freehold property were valued on an open market basis on 31 March 2016 by the directors .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2016 12,770,292
Additions 449,297
At 31 March 2017 13,219,589
NET BOOK VALUE
At 31 March 2017 13,219,589
At 31 March 2016 12,770,292

SAGOO & TAKHAR LIMITED (REGISTERED NUMBER: 01247861)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2017

4. INVESTMENT PROPERTY - continued

Cost or valuation at 31 March 2017 is represented by:

£   
Valuation in 2016 8,576,842
Cost 4,642,747
13,219,589

Investment property was valued on a fair value basis on 31 March 2016 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.17 31.3.16
£    £   
Other debtors 2,833 43,200

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Taxation and social security 189,234 176,385
Other creditors 121,862 106,615
311,096 283,000

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.17 31.3.16
£    £   
Bank loans 1,466,237 1,155,474

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,466,237 1,155,474

SAGOO & TAKHAR LIMITED (REGISTERED NUMBER: 01247861)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2017

8. RESERVES
Retained
earnings
£   

At 1 April 2016 10,332,817
Profit for the year 739,616
Dividends (440,000 )
At 31 March 2017 10,632,433