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REGISTERED NUMBER: 11030312 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2022

for

Ahir Properties Limited

Ahir Properties Limited (Registered number: 11030312)






Contents of the Financial Statements
for the Year Ended 31 October 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ahir Properties Limited

Company Information
for the Year Ended 31 October 2022







DIRECTORS: Mr Rajesh Ahir
Mrs Bimla Rani Ahir





REGISTERED OFFICE: 272 Chase Side
London
N14 4PR





REGISTERED NUMBER: 11030312 (England and Wales)





ACCOUNTANTS: Chris Pantazis Ltd T/A CPS & Co
Chartered Accountants
10A Aldermans Hill
Palmers Green
London
N13 4PJ

Ahir Properties Limited (Registered number: 11030312)

Balance Sheet
31 October 2022

31.10.22 31.10.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,534,476 33,086,022

CURRENT ASSETS
Debtors 5 16,572 7,062
Cash at bank and in hand 622,589 905,472
639,161 912,534
CREDITORS
Amounts falling due within one year 6 776,630 717,493
NET CURRENT (LIABILITIES)/ASSETS (137,469 ) 195,041
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,397,007

33,281,063

CREDITORS
Amounts falling due after more than one year 7 (15,345,508 ) (14,486,631 )

PROVISIONS FOR LIABILITIES 9 (12,182 ) -
NET ASSETS 19,039,317 18,794,432

CAPITAL AND RESERVES
Called up share capital 10 18,333,940 18,333,940
Revaluation reserve 11 64,114 -
Retained earnings 11 641,263 460,492
SHAREHOLDERS' FUNDS 19,039,317 18,794,432

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

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

Ahir Properties Limited (Registered number: 11030312)

Balance Sheet - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2023 and were signed on its behalf by:





Mr Rajesh Ahir - Director


Ahir Properties Limited (Registered number: 11030312)

Notes to the Financial Statements
for the Year Ended 31 October 2022

1. STATUTORY INFORMATION

Ahir 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 (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 4 ) .

Ahir Properties Limited (Registered number: 11030312)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

4. TANGIBLE FIXED ASSETS
Freehold
& Leasehold Computer
Prop equipment Totals
£    £    £   
COST OR VALUATION
At 1 November 2021 33,085,500 1,649 33,087,149
Additions 1,381,386 4,113 1,385,499
Revaluations 64,114 - 64,114
At 31 October 2022 34,531,000 5,762 34,536,762
DEPRECIATION
At 1 November 2021 - 1,127 1,127
Charge for year - 1,159 1,159
At 31 October 2022 - 2,286 2,286
NET BOOK VALUE
At 31 October 2022 34,531,000 3,476 34,534,476
At 31 October 2021 33,085,500 522 33,086,022

Cost or valuation at 31 October 2022 is represented by:

Freehold
& Leasehold Computer
Prop equipment Totals
£    £    £   
Valuation in 2023 1,445,500 4,113 1,449,613
Cost 33,085,500 1,649 33,087,149
34,531,000 5,762 34,536,762

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Other debtors 5,000 -
Prepayments and accrued income 11,572 7,062
16,572 7,062

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Bank loans and overdrafts (see note 8) 10,920 11,208
Other loans (see note 8) 136,705 286,705
Tax 220,177 168,117
Other creditors 78,487 85,574
PAYE & NI 456 406
Directors' current accounts 233,285 69,483
Accrued expenses 96,600 96,000
776,630 717,493

Ahir Properties Limited (Registered number: 11030312)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.22 31.10.21
£    £   
Bank loans (see note 8) 15,005,758 14,146,881
Other loans (see note 8) 339,750 339,750
15,345,508 14,486,631

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more than 5 years 14,980,989 14,112,239

8. LOANS

An analysis of the maturity of loans is given below:

31.10.22 31.10.21
£    £   
Amounts falling due within one year or on demand:
Bank Loan 10,920 11,208
Other Loans less than one year 136,705 286,705
147,625 297,913

Amounts falling due between one and two years:
Other loans - 1-2 years 339,750 339,750

Amounts falling due between two and five years:
Bounce Bank loan 24,769 34,642

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more than 5 years 14,980,989 14,112,239

9. PROVISIONS FOR LIABILITIES
31.10.22 31.10.21
£    £   
Deferred tax 12,182 -

Deferred
tax
£   
Provided during year 12,182
Balance at 31 October 2022 12,182

Ahir Properties Limited (Registered number: 11030312)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.22 31.10.21
value: £    £   
2 Ordinary £1.00 2 2
98 Ordinary £187,081 18,333,938 18,333,938
18,333,940 18,333,940

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 November 2021 460,492 - 460,492
Profit for the year 184,771 184,771
Dividends (4,000 ) (4,000 )
Property revaluation - 64,114 64,114
At 31 October 2022 641,263 64,114 705,377