2022-04-012023-03-312023-03-31false11235152AAKS PROPERTY 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AAKS PROPERTY LTD

Registered Number
11235152
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

AAKS PROPERTY LTD
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

ADNAN- MIRZA, Alia Noreen
MIRZA, Khuram Shahzad

Registered Address

Unit 2 124 Ampthill Road
Bedford
MK42 9PP

Registered Number

11235152 (England and Wales)
AAKS PROPERTY LTD
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets51,991,0321,991,042
1,991,0321,991,042
Current assets
Debtors6173,588104,647
Cash at bank and on hand17,7937,683
191,381112,330
Creditors amounts falling due within one year7(2,579)(1,260)
Net current assets (liabilities)188,802111,070
Total assets less current liabilities2,179,8342,102,112
Creditors amounts falling due after one year8(2,174,055)(2,157,739)
Net assets5,779(55,627)
Capital and reserves
Called up share capital100100
Profit and loss account5,679(55,727)
Shareholders' funds5,779(55,627)
The financial statements were approved and authorised for issue by the Board of Directors on 6 November 2023, and are signed on its behalf by:
ADNAN- MIRZA, Alia Noreen
Director
MIRZA, Khuram Shahzad
Director

Registered Company No. 11235152
AAKS PROPERTY LTD
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4.Employee information

20232022
Average number of employees during the year00
5.Property, plant and equipment

Land & buildings

Fixtures & fittings

Total

£££
Cost or valuation
At 01 April 221,991,0001001,991,100
At 31 March 231,991,0001001,991,100
Depreciation and impairment
At 01 April 22-5858
Charge for year-1010
At 31 March 23-6868
Net book value
At 31 March 231,991,000321,991,032
At 31 March 221,991,000421,991,042
6.Debtors

2023

2022

££
Other debtors173,588104,647
Total173,588104,647
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

2022

££
Taxation and social security1,319-
Accrued liabilities and deferred income1,2601,260
Total2,5791,260
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts1,788,6921,739,806
Other creditors385,363417,933
Total2,174,0552,157,739