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
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
PATEL-AINA PROPERTY GROUP LTD
Statement of financial position
as at 30 June 2023
Investment property
138,966
122,270
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)
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
PATEL-AINA PROPERTY GROUP LTD
Notes to the Accounts
for the year ended 30 June 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover includes revenue earned from property rental and is recognised when receivable from the tenant.
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.
Fair value at 1 July 2022
122,270
5
Creditors: amounts falling due within one year
2023
2022
Loans from directors
64,034
42,729
6
Creditors: amounts falling due after more than one year
2023
2022
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).