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Company Registration No. 12391604 (England and Wales)
Sawjani Properties Limited Unaudited accounts for the year ended 31 January 2023
Sawjani Properties Limited Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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Sawjani Properties Limited Statement of financial position as at 31 January 2023
2023
2022
Notes
£
£
Fixed assets
Tangible assets
4
670,559
670,559
Current assets
Cash at bank and in hand
(238,919)
(241,004)
Creditors: amounts falling due within one year
5
10,187
10,140
Net current liabilities
(228,732)
(230,864)
Total assets less current liabilities
441,827
439,695
Creditors: amounts falling due after more than one year
6
(476,938)
(476,938)
Net liabilities
(35,111)
(37,243)
Capital and reserves
Called up share capital
1
1
Profit and loss account
(35,112)
(37,244)
Shareholders' funds
(35,111)
(37,243)
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 September 2023 and were signed on its behalf by
Mr Nikesh Sawjani Director Company Registration No. 12391604
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Sawjani Properties Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Sawjani Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 12391604. The registered office is 63 Chester Drive, Harrow, HA2 7PX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment Property
The investment property is included in the accounts at the original acquisition cost. As the property was acquired recently, in the opinion of the Director the market value is not in excess of its cost.
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 1 February 2022
670,559
At 31 January 2023
670,559
Depreciation
At 31 January 2023
-
Net book value
At 31 January 2023
670,559
At 31 January 2022
670,559
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
360
720
Other creditors
(10,547)
(10,860)
(10,187)
(10,140)
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans
476,938
476,938
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Sawjani Properties Limited Notes to the Accounts for the year ended 31 January 2023
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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