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REGISTERED NUMBER: 04646361 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2022

FOR

KIANI PROPERTY INVESTMENTS LIMITED

KIANI PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 04646361)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 January 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


KIANI PROPERTY INVESTMENTS LIMITED

COMPANY INFORMATION
for the year ended 31 January 2022







DIRECTOR: Mr M G Kiani





SECRETARY: Mrs L A Kiani





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 04646361 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

KIANI PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 04646361)

ABRIDGED BALANCE SHEET
31 January 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,317 5,775
Investment property 5 5,580,000 4,730,519
5,586,317 4,736,294

CURRENT ASSETS
Debtors 431,920 515,546
Cash at bank and in hand 10,187 27,050
442,107 542,596
CREDITORS
Amounts falling due within one year 947,844 1,547,454
NET CURRENT LIABILITIES (505,737 ) (1,004,858 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,080,580

3,731,436

CREDITORS
Amounts falling due after more than one
year

6

(2,707,751

)

(2,208,445

)

PROVISIONS FOR LIABILITIES (405,232 ) (244,886 )
NET ASSETS 1,967,597 1,278,105

CAPITAL AND RESERVES
Called up share capital 102 102
Fair value reserve 1,723,216 1,040,242
Retained earnings 244,279 237,761
SHAREHOLDERS' FUNDS 1,967,597 1,278,105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 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.

KIANI PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 04646361)

ABRIDGED BALANCE SHEET - continued
31 January 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 31 August 2022 and were signed by:





Mr M G Kiani - Director


KIANI PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 04646361)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 January 2022

1. STATUTORY INFORMATION

Kiani Property Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

The accounts have been prepared on the going concern basis as the director is of the opinion that the company will meet its liabilities as and when due, due to the continued support of the director.

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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

KIANI PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 04646361)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2022

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2021 42,898
Additions 2,650
At 31 January 2022 45,548
DEPRECIATION
At 1 February 2021 37,123
Charge for year 2,108
At 31 January 2022 39,231
NET BOOK VALUE
At 31 January 2022 6,317
At 31 January 2021 5,775

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2021 4,730,519
Additions 296,706
Disposals (290,402 )
Revaluations 843,177
At 31 January 2022 5,580,000
NET BOOK VALUE
At 31 January 2022 5,580,000
At 31 January 2021 4,730,519

Investment property was valued on an open market basis on 31 January 2022 by Mr M Kiani, the director.

KIANI PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 04646361)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 January 2022

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2022 2021
£    £   
Repayable by instalments
Bank loans 2,485,282 1,960,976

7. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 2,764,619 2,265,300

The bank loans are secured by way of an all monies legal charge over the investment property held by company.

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £65,000 (2021: £65,000) by Kristal Property Investments Ltd, £233,259 (2021: £415,000) by Medly Ltd and £105,000 (2021: nil) by Mill Development Ltd, companies in which Mr M G Kiani is also a director.

At the balance sheet date, the company owed £93,646 (2021 : £48,056) to Kristal Kiani Property Developments Ltd, £45,000 (2021: nil) to D J K Construction Limited and £2,394 (2021: £154,538) to Customs House Investments Limited, companies in which Mr M G Kiani is also a director.

At the balance sheet date, the company owed £739,707 (2021: £614,315) to the director.