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Company Registration No. 12655863 (England and Wales)
PATEL-AINA PROPERTY GROUP LTD Unaudited accounts for the year ended 30 June 2023
PATEL-AINA PROPERTY GROUP LTD Unaudited accounts Contents
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PATEL-AINA PROPERTY GROUP LTD Company Information for the year ended 30 June 2023
Directors
Moshopefolu Aina Shurtiben Patel
Company Number
12655863 (England and Wales)
Registered Office
149 Smeaton Court HERTFORD SG13 7AU ENGLAND
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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PATEL-AINA PROPERTY GROUP LTD Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
138,966 
122,270 
Current assets
Cash at bank and in hand
578 
1,694 
Creditors: amounts falling due within one year
(64,393)
(42,992)
Net current liabilities
(63,815)
(41,298)
Total assets less current liabilities
75,151 
80,972 
Creditors: amounts falling due after more than one year
(84,050)
(84,150)
Net liabilities
(8,899)
(3,178)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(8,999)
(3,278)
Shareholders' funds
(8,899)
(3,178)
For the year ending 30 June 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 directors acknowledge their 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 of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by
Moshopefolu Aina Director Company Registration No. 12655863
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PATEL-AINA PROPERTY GROUP LTD Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
PATEL-AINA PROPERTY GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 12655863. The registered office is 149 Smeaton Court, HERTFORD, SG13 7AU, 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.
Turnover
Turnover includes revenue earned from property rental and is recognised when receivable from the tenant.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2023 
£ 
Fair value at 1 July 2022
122,270 
Additions
16,696 
At 30 June 2023
138,966 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Loans from directors
64,034 
42,729 
Accruals
359 
263 
64,393 
42,992 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
84,050 
84,150 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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