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REGISTERED NUMBER: 03553956 (England and Wales)














TEJ PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022






TEJ PROPERTIES LIMITED (REGISTERED NUMBER: 03553956)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TEJ PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2022







DIRECTORS: T S Sahota
S S Sahota
S Nijjar



REGISTERED OFFICE: 5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE



REGISTERED NUMBER: 03553956 (England and Wales)



ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE



SOLICITORS: Taylor Walton
36-44 Alma Street
Luton
Bedfordshire
LU1 2PL

TEJ PROPERTIES LIMITED (REGISTERED NUMBER: 03553956)

STATEMENT OF FINANCIAL POSITION
30 April 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,697 1,017

CURRENT ASSETS
Stocks 6 7,482,379 9,237,951
Debtors 7 87,654 39,793
Cash at bank 1,141,876 28,661
8,711,909 9,306,405
CREDITORS
Amounts falling due within one year 8 5,830,084 7,780,388
NET CURRENT ASSETS 2,881,825 1,526,017
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,885,522

1,527,034

PROVISIONS FOR LIABILITIES 702 193
NET ASSETS 2,884,820 1,526,841

CAPITAL AND RESERVES
Called up, paid and allotted share capital 100 100
Retained earnings 2,884,720 1,526,741
SHAREHOLDERS' FUNDS 2,884,820 1,526,841

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2022 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.

TEJ PROPERTIES LIMITED (REGISTERED NUMBER: 03553956)

STATEMENT OF FINANCIAL POSITION - continued
30 April 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 September 2022 and were signed on its behalf by:





T S Sahota - Director


TEJ PROPERTIES LIMITED (REGISTERED NUMBER: 03553956)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2022

1. STATUTORY INFORMATION

TEJ 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Income recognition
Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

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 - 20% on cost
Computer equipment - 25% on cost

Stock of land
Stock of land and property is valued at the lower of cost or net realisable value.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

TEJ PROPERTIES LIMITED (REGISTERED NUMBER: 03553956)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2022

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2021 1,965 1,782 3,747
Additions - 4,166 4,166
Disposals - (1,000 ) (1,000 )
At 30 April 2022 1,965 4,948 6,913
DEPRECIATION
At 1 May 2021 1,963 767 2,730
Charge for year - 1,486 1,486
Eliminated on disposal - (1,000 ) (1,000 )
At 30 April 2022 1,963 1,253 3,216
NET BOOK VALUE
At 30 April 2022 2 3,695 3,697
At 30 April 2021 2 1,015 1,017

6. STOCKS
2022 2021
£    £   
Stock of land & property 7,482,379 9,237,951

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 87,654 39,793

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Taxation and social security 317,736 136,555
Other creditors 5,512,348 7,643,833
5,830,084 7,780,388

9. RELATED PARTY DISCLOSURES

The directors operate loan accounts with the company. During the year, brought forward loans were repaid by the company in aggregate of £2,228,839. At the year end the directors were owed £1,930,370.

TEJ PROPERTIES LIMITED (REGISTERED NUMBER: 03553956)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2022

10. COVID-19

During the current accounting period the world was dramatically affected by the Covid-19 pandemic. The directors have reviewed the company's position at the balance sheet date and up to the date of signing these accounts and have concluded that there are no material post balance sheet event adjustments required to the carrying amounts of the company's assets and liabilities as a result of the pandemic. They also do not consider that there will be any material financial effect from the pandemic that will impact on the company's ability to continue as a going concern for a period of 12 months from the date of approval of these accounts.