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
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
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
AKEM PROPERTIES LTD
Statement of financial position
as at 31 December 2023
Tangible assets
283,112
283,430
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)
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
AKEM PROPERTIES LTD
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 1 January 2023
-
1,214
1,214
Charge for the year
-
318
318
At 31 December 2023
-
1,532
1,532
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
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).