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REGISTERED NUMBER: 09710831 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Bajar Property Investments Limited

Bajar Property Investments Limited (Registered number: 09710831)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bajar Property Investments Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr. M Imran Bajar
Mr M Ehsaan Bajar





REGISTERED OFFICE: 62A London Road
Southampton
SO15 2AH





REGISTERED NUMBER: 09710831 (England and Wales)





ACCOUNTANTS: Thomas Croft Limited
Accountants And Taxation Consultants
Solent House
107a Alma Road
Portswood
Southampton
Hampshire
SO14 6UY

Bajar Property Investments Limited (Registered number: 09710831)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 5,335,000 4,170,001

CURRENT ASSETS
Debtors 5 7,141 4,465
Cash at bank 113,095 116,187
120,236 120,652
CREDITORS
Amounts falling due within one year 6 1,591,967 1,524,750
NET CURRENT LIABILITIES (1,471,731 ) (1,404,098 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,863,269

2,765,903

CREDITORS
Amounts falling due after more than one
year

7

(1,692,000

)

(1,392,000

)

PROVISIONS FOR LIABILITIES (433,351 ) (250,927 )
NET ASSETS 1,737,918 1,122,976

CAPITAL AND RESERVES
Called up share capital 8 200 200
Undistributable reserve 9 1,629,691 1,069,741
Retained earnings 9 108,027 53,035
SHAREHOLDERS' FUNDS 1,737,918 1,122,976

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

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

Bajar Property Investments Limited (Registered number: 09710831)

Balance Sheet - continued
31 July 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 Income Statement 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 M Ehsaan Bajar - Director


Bajar Property Investments Limited (Registered number: 09710831)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Bajar Property Investments 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 4,170,001
Additions 424,013
Revaluations 740,986
At 31 July 2023 5,335,000
NET BOOK VALUE
At 31 July 2023 5,335,000
At 31 July 2022 4,170,001

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2023 5,335,000

If Investment Properties had not been revalued they would have been included at the following historical cost:

31.7.23 31.7.22
£    £   
Cost 3,271,957 2,849,332

Bajar Property Investments Limited (Registered number: 09710831)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 147 -
Prepayments 6,994 4,465
7,141 4,465

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 16,260 2,486
Corporation tax 16,212 10,823
Social security and other taxes 208 -
Other creditors 21,365 90,063
Directors' current accounts 1,433,129 1,415,882
Accruals and deferred income 103,017 3,715
Accrued expenses 1,776 1,781
1,591,967 1,524,750

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans - 2-5 years 1,692,000 1,392,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
200 Ordinary 1 200 200

9. RESERVES
Retained Undistributable
earnings reserve Totals
£    £    £   

At 1 August 2022 53,035 1,069,741 1,122,776
Profit for the year 616,942 616,942
Dividends (2,000 ) (2,000 )
Non- Distributable Reserve (559,950 ) 559,950 -
At 31 July 2023 108,027 1,629,691 1,737,718

Bajar Property Investments Limited (Registered number: 09710831)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
Mr. M Imran Bajar
Balance outstanding at start of year (408,404 ) (408,004 )
Amounts advanced 250 -
Amounts repaid (1,000 ) (400 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (409,154 ) (408,404 )

Mr M Ehsaan Bajar
Balance outstanding at start of year (1,007,476 ) (901,427 )
Amounts advanced 10,276 -
Amounts repaid (26,774 ) (106,049 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,023,974 ) (1,007,476 )