Company Registration No. 13497449 (England and Wales)
EKADANTA PROPERTIES LIMITED
Unaudited accounts
for the year ended 31 July 2023
EKADANTA PROPERTIES LIMITED
Unaudited accounts
Contents
EKADANTA PROPERTIES LIMITED
Company Information
for the year ended 31 July 2023
Directors
Kartik Mehta
Kapil Pandya
Company Number
13497449 (England and Wales)
Registered Office
27 GRANVILLE ROAD
WIGSTON
LE18 1JQ
ENGLAND
Accountants
ONAF Limited
27 Tilton Drive
Oadby
LE2 5WW
EKADANTA PROPERTIES LIMITED
Statement of financial position
as at 31 July 2023
Tangible assets
209,024
209,024
Cash at bank and in hand
12
651
Creditors: amounts falling due within one year
(55,269)
(58,808)
Net current liabilities
(55,257)
(58,157)
Total assets less current liabilities
153,767
150,867
Creditors: amounts falling due after more than one year
(149,980)
(149,980)
Called up share capital
100
100
Profit and loss account
3,687
787
Shareholders' funds
3,787
887
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by
Kapil Pandya
Director
Company Registration No. 13497449
EKADANTA PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 July 2023
EKADANTA PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13497449. The registered office is 27 GRANVILLE ROAD, WIGSTON, LE18 1JQ, ENGLAND.
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.
Turnover represents rents receivable.
Investment properties are held for their investment potential and not subject to periodic charges for depreciation.
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
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:
EKADANTA PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Land & buildings
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
680
184
Loans from directors
53,789
58,224
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
149,980
149,980
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).