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Company Registration No. 12828718 (England and Wales)
TASAK Properties Ltd Accounts for the year ended 31 August 2023
TASAK Properties Ltd Accounts Contents
Page
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TASAK Properties Ltd Company Information for the year ended 31 August 2023
Directors
Sarah Akhtar Khan Tasleem Akhtar Khan
Company Number
12828718 (England and Wales)
Registered Office
48 Central Road Manchester M20 4ZD
Accountants
CGI Accountants Ltd Branch House 31-33 Branch Road Batley West Yorkshire WF17 5SB
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TASAK Properties Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
340,791 
340,791 
Current assets
Cash at bank and in hand
9,269 
32,033 
Creditors: amounts falling due within one year
(18,342)
(11,450)
Net current (liabilities)/assets
(9,073)
20,583 
Total assets less current liabilities
331,718 
361,374 
Creditors: amounts falling due after more than one year
(313,093)
(356,758)
Net assets
18,625 
4,616 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
18,525 
4,516 
Shareholders' funds
18,625 
4,616 
For the year ending 31 August 2023 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 30 November 2023 and were signed on its behalf by
Sarah Akhtar Khan Director Company Registration No. 12828718
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TASAK Properties Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
TASAK Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 12828718. The registered office is 48 Central Road, Manchester, M20 4ZD.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 September 2022
340,791 
At 31 August 2023
340,791 
Depreciation
At 31 August 2023
- 
Net book value
At 31 August 2023
340,791 
At 31 August 2022
340,791 
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TASAK Properties Ltd Notes to the Accounts for the year ended 31 August 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,100 
6,092 
Taxes and social security
4,224 
1,998 
Other creditors
3,768 
2,880 
Accruals
480 
480 
Deferred income
3,770 
- 
18,342 
11,450 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
145,750 
175,758 
Loans from directors
167,343 
181,000 
313,093 
356,758 
Included within creditors falling due after one year consists of a loan from Paragon Bank in which they have a fixed charge over the company assets
7
Controlling party
The ultimate controlling party are the directors by virtue of holding the entire issued share capital
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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