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REGISTERED NUMBER: 13045915 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Pokar Property Ltd

Pokar Property Ltd (Registered number: 13045915)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Pokar Property Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr. M Pokar
Mrs. U Pokar
Mr V Pokar
Mrs. R V Pokar





REGISTERED OFFICE: Suite 3
Falcon Court Business Centre
College Road
Maidstone
Kent
ME15 6TF





REGISTERED NUMBER: 13045915 (England and Wales)





ACCOUNTANTS: Skyfire Accountancy Ltd
The Old Rectory
Springhead Road
Northfleet
Kent
DA11 8HN

Pokar Property Ltd (Registered number: 13045915)

Abridged Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Investments 5 50 50
Investment property 6 6,610,000 6,610,000
6,610,050 6,610,050

CURRENT ASSETS
Debtors 49,407 598
Cash at bank 847,338 46,841
896,745 47,439
CREDITORS
Amounts falling due within one year 3,609,967 3,510,608
NET CURRENT LIABILITIES (2,713,222 ) (3,463,169 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,896,828

3,146,881

CREDITORS
Amounts falling due after more than one
year

7

3,896,569

3,112,479
NET ASSETS 259 34,402

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 159 34,302
SHAREHOLDERS' FUNDS 259 34,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

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

Pokar Property Ltd (Registered number: 13045915)

Abridged Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:





Mr. M Pokar - Director


Pokar Property Ltd (Registered number: 13045915)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Pokar Property Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Sales comprise the fair value of the consideration received or receivable for the sale of goods and rendering of services in the ordinary course of the company's activities. Sales are presented, net of value-added tax, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company's activities as follows:

Dividend income is recognised when the right to receive payment is established.

Rental income from operating leases (net of any incentives given to the lessees) is recognised when the right to receive payment is established.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 Profit and loss account, 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.

Pokar Property Ltd (Registered number: 13045915)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 2 ) .

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2022
and 31 March 2023 50
NET BOOK VALUE
At 31 March 2023 50
At 31 March 2022 50

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 6,610,000
NET BOOK VALUE
At 31 March 2023 6,610,000
At 31 March 2022 6,610,000

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.3.23 31.3.22
£    £   
Repayable otherwise than by instalments
Mortgages 3,896,569 3,112,479

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Mortgages 3,896,569 3,112,479

The mortgages are secured against investment property.

Pokar Property Ltd (Registered number: 13045915)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

9. RELATED PARTY DISCLOSURES

During the period the company borrowed £1,390 from VNM Properties Ltd. VNM Properties Ltd is the parent of the company. At the end of the period the amount owed to VNM Properties Ltd was £3,506,201 (2022: £3,504,811). The amount is included in creditors due within one year, is free of interest and is repayable on demand.

During the period the company received £598 in repayment and borrowed £99,276 from VM Property Ltd. VM Property Ltd is a subsidiary of the company. At the end of the period the amount owed to VM Property Ltd was £99,276 (2022: £598 owed by VM Property Ltd). The amount is included in creditors (2022 debtors) due within one year, is free of interest and is repayable on demand.

At the end of the period the company owed a director £03,100 2022: £3,100). The amount is included in creditors due within one year, is free of interest and is repayable on demand.

During the period the company loaned £40,000 to a company under the control of some of the directors of the company. At the end of the period the company was owed £40,000 (2022: £0). The amount is included in debtors due within one year, is free of interest and is repayable on demand.