back to SAGOO & TAKHAR LIMITED detail SAGOO & TAKHAR LIMITED - Accounts to registrar (filleted) - small 18.2
IRIS Accounts Production v18.3.0.592 01247861 Board of Directors 1.4.17 31.3.18 31.3.18 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure012478612017-03-31012478612018-03-31012478612017-04-012018-03-31012478612016-03-31012478612016-04-012017-03-31012478612017-03-3101247861ns15:EnglandWales2017-04-012018-03-3101247861ns14:PoundSterling2017-04-012018-03-3101247861ns10:Director12017-04-012018-03-3101247861ns10:PrivateLimitedCompanyLtd2017-04-012018-03-3101247861ns10:SmallEntities2017-04-012018-03-3101247861ns10:AuditExempt-NoAccountantsReport2017-04-012018-03-3101247861ns10:SmallCompaniesRegimeForDirectorsReport2017-04-012018-03-3101247861ns10:SmallCompaniesRegimeForAccounts2017-04-012018-03-3101247861ns10:FullAccounts2017-04-012018-03-3101247861ns10:Director22017-04-012018-03-3101247861ns10:Director32017-04-012018-03-3101247861ns10:CompanySecretary12017-04-012018-03-3101247861ns10:RegisteredOffice2017-04-012018-03-3101247861ns5:CurrentFinancialInstruments2018-03-3101247861ns5:CurrentFinancialInstruments2017-03-3101247861ns5:Non-currentFinancialInstruments2018-03-3101247861ns5:Non-currentFinancialInstruments2017-03-3101247861ns5:ShareCapital2018-03-3101247861ns5:ShareCapital2017-03-3101247861ns5:RetainedEarningsAccumulatedLosses2018-03-3101247861ns5:RetainedEarningsAccumulatedLosses2017-03-3101247861ns5:PlantMachinery2017-04-012018-03-3101247861ns5:LeaseholdImprovements2017-03-3101247861ns5:FurnitureFittings2017-03-3101247861ns5:LeaseholdImprovements2017-04-012018-03-3101247861ns5:FurnitureFittings2017-04-012018-03-3101247861ns5:LeaseholdImprovements2018-03-3101247861ns5:FurnitureFittings2018-03-3101247861ns5:LeaseholdImprovements2017-03-3101247861ns5:FurnitureFittings2017-03-3101247861ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2018-03-3101247861ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2017-03-3101247861ns5:RetainedEarningsAccumulatedLosses2017-03-3101247861ns5:RetainedEarningsAccumulatedLosses2017-04-012018-03-31


REGISTERED NUMBER: 01247861 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

SAGOO & TAKHAR LIMITED

SAGOO & TAKHAR LIMITED (REGISTERED NUMBER: 01247861)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2018




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 2018







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 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 511,587 477,116
Investment property 5 13,219,589 13,219,589
13,731,176 13,696,705

CURRENT ASSETS
Debtors 6 - 2,833
Cash at bank and in hand 636,103 427,196
636,103 430,029
CREDITORS
Amounts falling due within one year 7 310,659 311,096
NET CURRENT ASSETS 325,444 118,933
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,056,620

13,815,638

CREDITORS
Amounts falling due after more than one year 8 (1,368,976 ) (1,466,237 )

PROVISIONS FOR LIABILITIES (1,715,368 ) (1,715,368 )
NET ASSETS 10,972,276 10,634,033

CAPITAL AND RESERVES
Called up share capital 1,600 1,600
Retained earnings 9 10,970,676 10,632,433
SHAREHOLDERS' FUNDS 10,972,276 10,634,033

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 2018


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 18 July 2018 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 2018

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

SAGOO & TAKHAR LIMITED (REGISTERED NUMBER: 01247861)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2018

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1 April 2017 464,224 38,915 503,139
Additions 42,254 - 42,254
At 31 March 2018 506,478 38,915 545,393
DEPRECIATION
At 1 April 2017 - 26,023 26,023
Charge for year - 7,783 7,783
At 31 March 2018 - 33,806 33,806
NET BOOK VALUE
At 31 March 2018 506,478 5,109 511,587
At 31 March 2017 464,224 12,892 477,116

Cost or valuation at 31 March 2018 is represented by:

Improvements Fixtures
to and
property fittings Totals
£    £    £   
Valuation in 2018 464,224 38,915 503,139
Cost 42,254 - 42,254
506,478 38,915 545,393

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2017
and 31 March 2018 13,219,589
NET BOOK VALUE
At 31 March 2018 13,219,589
At 31 March 2017 13,219,589

SAGOO & TAKHAR LIMITED (REGISTERED NUMBER: 01247861)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2018

5. INVESTMENT PROPERTY - continued

Fair value at 31 March 2018 is represented by:

£   
Valuation in 2016 12,770,292

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

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.18 31.3.17
£    £   
Other debtors - 2,833

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Taxation and social security 187,239 189,234
Other creditors 123,420 121,862
310,659 311,096

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.18 31.3.17
£    £   
Bank loans 1,368,976 1,466,237

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,368,976 1,466,237

9. RESERVES
Retained
earnings
£   

At 1 April 2017 10,632,433
Profit for the year 778,539
Dividends (440,296 )
At 31 March 2018 10,970,676