REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 27 July 2022 to 31 July 2023 |
for |
Yavari Properties Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 27 July 2022 to 31 July 2023 |
for |
Yavari Properties Limited |
Yavari Properties Limited (Registered number: 14259049) |
Contents of the Financial Statements |
for the Period 27 July 2022 to 31 July 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Report of the Accountants | 5 |
Yavari Properties Limited |
Company Information |
for the Period 27 July 2022 to 31 July 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
24 Picton House |
Hussar Court |
Waterlooville |
Hampshire |
PO7 7SQ |
Yavari Properties Limited (Registered number: 14259049) |
Balance Sheet |
31 July 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
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 |
Yavari Properties Limited (Registered number: 14259049) |
Notes to the Financial Statements |
for the Period 27 July 2022 to 31 July 2023 |
1. | STATUTORY INFORMATION |
Yavari Properties Limited is a |
Accounts are rounded to the nearest pound. |
The accounts represent the company as an individual entity. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
The preparation of financial statements requires the use of estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts. |
Management do not consider there to be any significant judgements or estimates used in the preparation of these financial statements. |
Tangible fixed assets |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Taxation |
Taxation for the period 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 period 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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Yavari Properties Limited (Registered number: 14259049) |
Notes to the Financial Statements - continued |
for the Period 27 July 2022 to 31 July 2023 |
2. | ACCOUNTING POLICIES - continued |
Going concern |
At the balance sheet date the company had net liabilities of £59,428. The directors have confirmed they will continue to support the company for a period of no less than 12 months from the date the financial statements are signed and as such the accounts have been prepared on a going concern basis. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
4. | TANGIBLE FIXED ASSETS |
Improvements |
Freehold | to |
property | property | Totals |
£ | £ | £ |
COST |
Additions |
At 31 July 2023 |
NET BOOK VALUE |
At 31 July 2023 |
Improvements are still being made to property and therefore no depreciation has been charged in the period. |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other creditors |
6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
At the balance sheet date the company owed the directors £294,070. |
Yavari Properties Limited |
Report of the Accountants to the Directors of |
Yavari Properties Limited |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 31 July 2023 set out on pages three to six and you consider that the company is exempt from an audit. |
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
24 Picton House |
Hussar Court |
Waterlooville |
Hampshire |
PO7 7SQ |
Date: ............................................. |