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Company Registration No. 10587315 (England and Wales)
AKEM PROPERTIES LTD Unaudited accounts for the year ended 31 December 2023
AKEM PROPERTIES LTD Unaudited accounts Contents
Page
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AKEM PROPERTIES LTD Company Information for the year ended 31 December 2023
Director
MR ONKAR SINGH SEKHON
Company Number
10587315 (England and Wales)
Registered Office
29 TAMAR WAY SLOUGH SL3 8SY UNITED KINGDOM
Accountants
Suryakant R Patel Jetta House,Suite J003 15-16 Westfield Lane HARROW Middlesex HA3 9ED
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AKEM PROPERTIES LTD Accountants' report
Accountants' report to the director of AKEM PROPERTIES LTD on the preparation of the unaudited statutory accounts for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of AKEM PROPERTIES LTD for the year ended 31 December 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of AKEM PROPERTIES LTD, as a body, in accordance with the terms of our engagement letter dated 30 June 2022. Our work has been undertaken solely to prepare for your approval the accounts of AKEM PROPERTIES LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AKEM PROPERTIES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that AKEM PROPERTIES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of AKEM PROPERTIES LTD. You consider that AKEM PROPERTIES LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of AKEM PROPERTIES LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Suryakant R Patel Jetta House,Suite J003 15-16 Westfield Lane HARROW Middlesex HA3 9ED 4 March 2024
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AKEM PROPERTIES LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
283,112 
283,430 
Current assets
Cash at bank and in hand
19,280 
27,910 
Creditors: amounts falling due within one year
(7,778)
(8,866)
Net current assets
11,502 
19,044 
Total assets less current liabilities
294,614 
302,474 
Creditors: amounts falling due after more than one year
(245,477)
(254,724)
Net assets
49,137 
47,750 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
49,136 
47,749 
Shareholders' funds
49,137 
47,750 
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 4 March 2024 and were signed on its behalf by
MR ONKAR SINGH SEKHON Director Company Registration No. 10587315
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AKEM PROPERTIES LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
AKEM PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 10587315. The registered office is 29 TAMAR WAY, SLOUGH, SL3 8SY, UNITED KINGDOM.
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.
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 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
283,054 
1,590 
284,644 
At 31 December 2023
283,054 
1,590 
284,644 
Depreciation
At 1 January 2023
- 
1,214 
1,214 
Charge for the year
- 
318 
318 
At 31 December 2023
- 
1,532 
1,532 
Net book value
At 31 December 2023
283,054 
58 
283,112 
At 31 December 2022
283,054 
376 
283,430 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
6,666 
1,666 
Taxes and social security
399 
1,309 
Other creditors
- 
5,000 
Accruals
713 
891 
7,778 
8,866 
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AKEM PROPERTIES LTD Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
245,477 
254,724 
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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