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Company Registration No. 11465333 (England and Wales)
Setty Investments Ltd Unaudited accounts for the year ended 31 December 2023
Setty Investments Ltd Unaudited accounts Contents
Page
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Setty Investments Ltd Company Information for the year ended 31 December 2023
Director
Y K Setty
Company Number
11465333 (England and Wales)
Registered Office
59 Dukes Wood Avenue Gerrards Cross SL9 7JY
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Setty Investments Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
255,000 
255,000 
Current assets
Cash at bank and in hand
8,163 
7,912 
Creditors: amounts falling due within one year
(66,303)
(2,591)
Net current (liabilities)/assets
(58,140)
5,321 
Total assets less current liabilities
196,860 
260,321 
Creditors: amounts falling due after more than one year
(193,260)
(256,260)
Net assets
3,600 
4,061 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
3,599 
4,060 
Shareholders' funds
3,600 
4,061 
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 24 February 2024 and were signed on its behalf by
Y K Setty Director Company Registration No. 11465333
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Setty Investments Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Setty Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 11465333. The registered office is 59 Dukes Wood Avenue, Gerrards Cross, SL9 7JY.
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
2023 
£ 
Fair value at 1 January 2023
255,000 
At 31 December 2023
255,000 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
595 
195 
Loans from directors
65,708 
2,396 
66,303 
2,591 
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Setty Investments Ltd Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
193,260 
193,260 
Loans from directors
- 
63,000 
193,260 
256,260 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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