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Registered Number: 10624447
England and Wales

 

 

 

AANIKA PROPERTIES LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2022

End date: 28 February 2023
Director Nishant Harish Shah
Registered Number 10624447
Registered Office 75 Cullington Close
Harrow
HA3 8LX
Accountants 3E'S Accountants Limited
231 Kenton Road
Harrow
Middlesex
England
HA3 0HD
1
Director's report and financial statements
The director presents his annual report and the financial statements for the year ended 28 February 2023
Principal activities
The companys principal activity during the year continued to be letting and operating of owned or leased real estate.
Director
The director who served the company throughout the year was as follows:
Nishant Harish Shah
Statement of director's responsibilities
The director is responsible for preparing the directors report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Nishant Harish Shah
Director

Date approved: 28 November 2023
2
Report to the directors on the preparation of the unaudited statutory accounts of Aanika Properties Limited for the year ended 28 February 2023 . In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Aanika Properties Limited for the year ended 28 February 2023, which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of Aanika Properties Limited, as a body, in accordance with the terms of our engagement letter dated 28 November 2023 Our work has been undertaken solely to prepare for your approval the accounts of Aanika Properties Limited and state those matters that we have agreed to state to the Board of Directors of Aanika Properties Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aanika Properties Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Aanika Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Aanika Properties Limited. You consider that Aanika Properties Limited is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of Aanika Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts 28 February 2023



....................................................
3E'S Accountants Limited
231 Kenton Road
Harrow
Middlesex
England
HA3 0HD
28 November 2023
3
 
 
Notes
 
2023
£
  2022
£
Turnover 46,938    34,013 
Gross profit 46,938    34,013 
Administrative expenses (18,014)   (8,893)
Operating profit 28,924    25,120 
Interest payable and similar charges (26,484)   (23,063)
Profit/(Loss) on ordinary activities before taxation 2,440    2,057 
Tax on profit on ordinary activities (268)  
Profit/(Loss) for the financial year 2,172    2,057 
 
4
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 687,704    687,704 
687,704    687,704 
Current assets      
Debtors 4 520    460 
Cash at bank and in hand 1,173    510 
1,693    970 
Creditors: amount falling due within one year 5 (23,059)   (138,814)
Net current liabilities (21,366)   (137,844)
 
Total assets less current liabilities 666,338    549,860 
Creditors: amount falling due after more than one year 6 (665,096)   (550,790)
Net assets 1,242    (930)
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 1,142    (1,030)
Shareholder's funds 1,242    (930)
 


For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 28 November 2023 and were signed by:


-------------------------------
Nishant Harish Shah
Director
5
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 March 2021 100  (3,087) (2,987)
Profit for the year 2,057  2,057 
Total comprehensive income for the year 2,057  2,057 
Total investments by and distributions to owners
At 28 February 2022 100  (1,030) (930)
At 01 March 2022 100  (1,030) (930)
Profit for the year 2,172  2,172 
Total comprehensive income for the year 2,172  2,172 
Total investments by and distributions to owners
At 28 February 2023 100  1,142  1,242 
6
General Information
Aanika Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 10624447, registration address 75 Cullington Close, Harrow, HA3 8LX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of services supplied by the company, gross of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.

Average number of employees

Average number of employees during the year was 0 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 01 March 2022 687,704    687,704 
Additions  
Disposals  
At 28 February 2023 687,704    687,704 
Depreciation
At 01 March 2022  
Charge for year  
On disposals  
At 28 February 2023  
Net book values
Closing balance as at 28 February 2023 687,704    687,704 
Opening balance as at 01 March 2022 687,704    687,704 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Prepayments & Accrued Income 520    460 
520    460 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 4,034    660 
Taxation and Social Security 268   
Other Creditors 18,757    138,154 
23,059    138,814 

6.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Other Creditors 665,096    550,790 
665,096    550,790 

7