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REGISTERED NUMBER: 09875231 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

PABARI PROPERTIES LIMITED

PABARI PROPERTIES LIMITED (REGISTERED NUMBER: 09875231)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PABARI PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mr M Pabari
Dr J C Pabari





REGISTERED OFFICE: Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS





BUSINESS ADDRESS: 25 Southbrook Road
Havant
Hampshire
PO9 1RL





REGISTERED NUMBER: 09875231 (England and Wales)





ACCOUNTANTS: Casson Beckman
Chartered Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

PABARI PROPERTIES LIMITED (REGISTERED NUMBER: 09875231)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 750,000 750,000

CURRENT ASSETS
Debtors 5 3,391 3,836
Cash at bank 15,749 19,715
19,140 23,551
CREDITORS
Amounts falling due within one year 6 9,716 10,074
NET CURRENT ASSETS 9,424 13,477
TOTAL ASSETS LESS CURRENT
LIABILITIES

759,424

763,477

CREDITORS
Amounts falling due after more than one year 7 (428,597 ) (455,285 )

PROVISIONS FOR LIABILITIES (39,646 ) (39,646 )
NET ASSETS 291,181 268,546

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 291,081 268,446
SHAREHOLDERS' FUNDS 291,181 268,546

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

PABARI PROPERTIES LIMITED (REGISTERED NUMBER: 09875231)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 Board of Directors and authorised for issue on 23 January 2024 and were signed on its behalf by:




Dr J C Pabari - Director



Mr M Pabari - Director


PABARI PROPERTIES LIMITED (REGISTERED NUMBER: 09875231)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Pabari Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rent received.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

PABARI PROPERTIES LIMITED (REGISTERED NUMBER: 09875231)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 December 2022
and 30 November 2023 750,000
NET BOOK VALUE
At 30 November 2023 750,000
At 30 November 2022 750,000

The investment property has been valued by the directors.

Cost or valuation at 30 November 2023 is represented by:
£   
Valuation in 2021 58,661
Valuation in 2022 150,000
Cost 541,339
750,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,391 3,836

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 5,309 5,698
Other creditors 4,407 4,376
9,716 10,074

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 428,597 455,285

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Creditors : amounts falling due after more than one year consist of loans from the directors and associated companies, which are repayable on demand after a twelve month notice period. Where Interest is charged on the loans from the directors tax is duly paid.