1 February 2023 false No description of principal activity Taxfiler 2023.12 11783887business:PrivateLimitedCompanyLtd2023-02-012024-01-31 117838872023-01-31 117838872023-02-012024-01-31 11783887business:AuditExempt-NoAccountantsReport2023-02-012024-01-31 11783887business:FilletedAccounts2023-02-012024-01-31 117838872024-01-31 11783887business:Director12023-02-012024-01-31 11783887business:Director22023-02-012024-01-31 11783887business:RegisteredOffice2023-02-012024-01-31 117838872023-01-31 11783887core:WithinOneYear2024-01-31 11783887core:WithinOneYear2023-01-31 11783887core:AfterOneYear2024-01-31 11783887core:AfterOneYear2023-01-31 11783887core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 11783887core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 11783887core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 11783887core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 11783887core:PreviouslyStatedAmount2024-01-31 11783887core:PreviouslyStatedAmount2023-01-31 11783887business:SmallEntities2023-02-012024-01-31 11783887countries:EnglandWales2023-02-012024-01-31 117838872022-02-012023-01-31 iso4217:GBP xbrli:pure
Company Registration No. 11783887 (England and Wales)
Shanti Niwas Limited Unaudited accounts for the year ended 31 January 2024
Shanti Niwas Limited Unaudited accounts Contents
Page
- 2 -
Shanti Niwas Limited Company Information for the year ended 31 January 2024
Directors
U Timoli P Timoli
Company Number
11783887 (England and Wales)
Registered Office
116 Newhouse Crescent Watford WD25 7HY
- 3 -
Shanti Niwas Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
928,947 
928,947 
Current assets
Cash at bank and in hand
5,697 
7,356 
Creditors: amounts falling due within one year
(2,124)
(3,460)
Net current assets
3,573 
3,896 
Total assets less current liabilities
932,520 
932,843 
Creditors: amounts falling due after more than one year
(835,060)
(835,060)
Provisions for liabilities
Deferred tax
(14,788)
(14,788)
Net assets
82,672 
82,995 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
82,670 
82,993 
Shareholders' funds
82,672 
82,995 
For the year ending 31 January 2024 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 14 February 2024 and were signed on its behalf by
U Timoli Director Company Registration No. 11783887
- 4 -
Shanti Niwas Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Shanti Niwas Limited is a private company, limited by shares, registered in England and Wales, registration number 11783887. The registered office is 116 Newhouse Crescent, Watford, WD25 7HY.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Fair value at 1 February 2023
928,947 
At 31 January 2024
928,947 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
2,836 
Other creditors
1,500 
- 
Loans from directors
624 
624 
2,124 
3,460 
- 5 -
Shanti Niwas Limited Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
601,438 
601,438 
Other creditors
78,000 
78,000 
Loans from directors
155,622 
155,622 
835,060 
835,060 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 6 -