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REGISTERED NUMBER: 03400560 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

PANDD PROPERTIES LIMITED

PANDD PROPERTIES LIMITED (REGISTERED NUMBER: 03400560)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PANDD PROPERTIES LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2021







DIRECTORS: Mr V C Thakrar
Mr M C Thakrar





SECRETARY: Mr N Thakrar





REGISTERED OFFICE: Hamilton Office Park
31 High View Close
Leicester
Leicestershire
LE4 9LJ





REGISTERED NUMBER: 03400560 (England and Wales)





ACCOUNTANTS: Fortus Midlands Limited
31 High View Close
Hamilton Office Park
Leicester
Leicestershire
LE4 9LJ

PANDD PROPERTIES LIMITED (REGISTERED NUMBER: 03400560)

BALANCE SHEET
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,634,472 1,634,472

CURRENT ASSETS
Debtors 5 443,739 195,200
Cash at bank 230,518 366,552
674,257 561,752
CREDITORS
Amounts falling due within one year 6 48,258 50,872
NET CURRENT ASSETS 625,999 510,880
TOTAL ASSETS LESS CURRENT LIABILITIES 2,260,471 2,145,352

CREDITORS
Amounts falling due after more than
one year

7

62,555

73,717
NET ASSETS 2,197,916 2,071,635

CAPITAL AND RESERVES
Called up share capital 400 400
Revaluation reserve 44,300 44,300
Retained earnings 2,153,216 2,026,935
SHAREHOLDERS' FUNDS 2,197,916 2,071,635

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

PANDD PROPERTIES LIMITED (REGISTERED NUMBER: 03400560)

BALANCE SHEET - continued
31 December 2021


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 Board of Directors and authorised for issue on 30 August 2022 and were signed on its behalf by:





Mr V C Thakrar - Director


PANDD PROPERTIES LIMITED (REGISTERED NUMBER: 03400560)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2021


1. STATUTORY INFORMATION

Pandd Properties 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 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.

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

Investment property
The value of investment properties are reviewed annually by the directors and in their opinion the valuation is reasonable based on the valuation of other properties in the area and the property market in general.

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.

Current asset investments - valuation policy
Current asset investments are shown at cost. In the opinion of the directors this remains a materially fair value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 3 ) .

PANDD PROPERTIES LIMITED (REGISTERED NUMBER: 03400560)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2021


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2021
and 31 December 2021 1,634,472
NET BOOK VALUE
At 31 December 2021 1,634,472
At 31 December 2020 1,634,472

Fair value at 31 December 2021 is represented by:
£   
Valuation in 2001 44,300
Cost 1,590,172
1,634,472

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 443,739 195,200

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Taxation and social security 29,622 32,254
Other creditors 18,636 18,618
48,258 50,872

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Other creditors 62,555 73,717

8. RELATED PARTY DISCLOSURES

Included in other creditors due after more than one year are amounts owed to the directors of £54,856 (2020- £68,878).
No interest is charged on these balances and the directors have agreed not to withdraw the funds within twelve months of signing the balance sheet.