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REGISTERED NUMBER: 04359595 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Appna Estates Limited

Appna Estates Limited (Registered number: 04359595)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Appna Estates Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: N Ahmed
Q Ahmad





SECRETARY: S Ahmad





REGISTERED OFFICE: 19 Mitre Road
Manchester
M13 0NU





REGISTERED NUMBER: 04359595 (England and Wales)





ACCOUNTANTS: Isaacs
Trust House
St James Business Park
5 New Augustus Street
Bradford
West Yorkshire
BD1 5LL

Appna Estates Limited (Registered number: 04359595)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,500,741 1,500,741

CURRENT ASSETS
Debtors 5 19,814 54,455
Cash at bank 130,150 4,604
149,964 59,059
CREDITORS
Amounts falling due within one year 6 98,274 130,084
NET CURRENT ASSETS/(LIABILITIES) 51,690 (71,025 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,552,431

1,429,716

CREDITORS
Amounts falling due after more than one
year

7

105,780

114,532
NET ASSETS 1,446,651 1,315,184

CAPITAL AND RESERVES
Called up share capital 900 900
Retained earnings 1,445,751 1,314,284
SHAREHOLDERS' FUNDS 1,446,651 1,315,184

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

Appna Estates Limited (Registered number: 04359595)

Balance Sheet - continued
30 June 2023


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 27 October 2023 and were signed on its behalf by:





N Ahmed - Director


Appna Estates Limited (Registered number: 04359595)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

Appna Estates 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.

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
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Appna Estates Limited (Registered number: 04359595)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 1,500,741
NET BOOK VALUE
At 30 June 2023 1,500,741
At 30 June 2022 1,500,741

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 18,000 -
Eden Homes MCR Ltd - 52,588
Prepayments 1,814 1,867
19,814 54,455

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 14,244 14,244
Trade creditors 1,468 -
Tax 66,998 32,807
VAT 11,729 11,610
Other Loans - 11,988
Appna Cash & Carry Manchester - 40,600
Accruals and deferred income - 15,000
Accrued expenses 3,835 3,835
98,274 130,084

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 13,428 13,428
Bank loans - 2-5 years 40,284 40,284
Bank loans more 5 yr by instal 52,068 60,820
105,780 114,532

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 52,068 60,820

Appna Estates Limited (Registered number: 04359595)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 120,024 128,776

1.The bank loan is secured by a first legal charge over the investment properties and a debenture over all other assets.
2.Director's loan is interest free and has no fixed terms of repayment.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have given a personal guarantee limited to £225,000 in respect of the company's bank borrowings.

10. RELATED PARTY DISCLOSURES

1. One of the company's properties was leased to Appna Cash & Carry (Manchester) Limited, in which the directors of this company are also directors and shareholders. The total rent receivable by the company for the year amounted to £180,000 (2021 £179,432).
2. At the balance sheet date the company owe £38,200 to Appna Cash & Carry (Manchester) Limited (2021 £38,200 due).
3. At the balance sheet date £52,588 owe to this company by Eden Homes MCR Ltd, in which one of the directors of this company is also shareholder and director.