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REGISTERED NUMBER: 13424174 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

S PATEL PROPERTY INVESTMENT LIMITED

S PATEL PROPERTY INVESTMENT LIMITED (REGISTERED NUMBER: 13424174)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S PATEL PROPERTY INVESTMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mr S C Patel





REGISTERED OFFICE: 210 Kenton Lane
Harrow
Middlesex
HA3 8SX





REGISTERED NUMBER: 13424174 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co
Chartered Certified Accountants
4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL

S PATEL PROPERTY INVESTMENT LIMITED (REGISTERED NUMBER: 13424174)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 436 581
Investment property 5 607,849 607,849
608,285 608,430

CURRENT ASSETS
Cash at bank 38,710 22,318

CREDITORS
Amounts falling due within one year 6 4,551 4,300
NET CURRENT ASSETS 34,159 18,018
TOTAL ASSETS LESS CURRENT
LIABILITIES

642,444

626,448

CREDITORS
Amounts falling due after more than one
year

7

613,836

611,684
NET ASSETS 28,608 14,764

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 28,508 14,664
SHAREHOLDERS' FUNDS 28,608 14,764

S PATEL PROPERTY INVESTMENT LIMITED (REGISTERED NUMBER: 13424174)

BALANCE SHEET - continued
31 JULY 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 November 2023 and were signed by:





Mr S C Patel - Director


S PATEL PROPERTY INVESTMENT LIMITED (REGISTERED NUMBER: 13424174)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

S Patel Property Investment Limited 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. ACCOUNTING POLICIES

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

Turnover
Turnover comprises Rental Income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office Equipment - 25% on reducing balance

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 Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Office
Equipment
£   
COST
At 1 August 2022
and 31 July 2023 775
DEPRECIATION
At 1 August 2022 194
Charge for year 145
At 31 July 2023 339
NET BOOK VALUE
At 31 July 2023 436
At 31 July 2022 581

S PATEL PROPERTY INVESTMENT LIMITED (REGISTERED NUMBER: 13424174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 607,849
NET BOOK VALUE
At 31 July 2023 607,849
At 31 July 2022 607,849

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation Tax 3,750 3,772
Other Creditors & Accruals 801 528
4,551 4,300

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Director's Loan Account 613,836 611,684

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary Shares 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 August 2022 14,664
Profit for the year 15,844
Dividends (2,000 )
At 31 July 2023 28,508