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REGISTERED NUMBER: 12697820 (England and Wales)















Shenzik Homes Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Shenzik Homes Limited (Registered number: 12697820)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Shenzik Homes Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: Mrs S Akhtar
Mr Z Iqbal
Mr H Iqbal
Mr E Iqbal





REGISTERED OFFICE: 13 The Courtyard
Timothys Bridge Road
Stratford upon Avon
Warwickshire
CV37 9NP





REGISTERED NUMBER: 12697820 (England and Wales)





ACCOUNTANTS: Grenfell James Associates Limited
13 The Courtyard
Timothys Bridge Road
Stratford Upon Avon
Warwickshire
CV37 9NP

Shenzik Homes Limited (Registered number: 12697820)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,641 -
Investment property 5 343,628 328,628
345,269 328,628

CURRENT ASSETS
Cash at bank 580 729

CREDITORS
Amounts falling due within one year 6 116,477 114,280
NET CURRENT LIABILITIES (115,897 ) (113,551 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

229,372

215,077

CREDITORS
Amounts falling due after more than one
year

7

(203,786

)

(203,791

)

PROVISIONS FOR LIABILITIES (3,194 ) (7,826 )
NET ASSETS 22,392 3,460

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 45,515 33,365
Retained earnings (23,223 ) (30,005 )
22,392 3,460

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Shenzik Homes Limited (Registered number: 12697820)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by:





Mr Z Iqbal - Director


Shenzik Homes Limited (Registered number: 12697820)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Shenzik Homes 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Investment property
Investment properties are properties held to earn rentals and/or for capital appreciation.

Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Investment properties whose fair value cannot be measured reliably without undue cost or effort on an on-going basis are included in plant, property and equipment at cost less accumulated depreciation and accumulated impairment losses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 2 ) .

Shenzik Homes Limited (Registered number: 12697820)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 1,808
At 31 December 2023 1,808
DEPRECIATION
Charge for year 167
At 31 December 2023 167
NET BOOK VALUE
At 31 December 2023 1,641

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 328,628
Revaluations 15,000
At 31 December 2023 343,628
NET BOOK VALUE
At 31 December 2023 343,628
At 31 December 2022 328,628

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2022 328,628
Valuation in 2023 15,000
343,628

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 116,477 114,280

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 203,786 203,791

Shenzik Homes Limited (Registered number: 12697820)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 203,786 203,791

8. RESERVES
Fair
value
reserve
£   
At 1 January 2023 33,365
Fair value reserve 12,150

At 31 December 2023 45,515