Acorah Software Products - Accounts Production 15.0.500 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 13709088 Mr MOHAMED AFTAB BUTT Mr MAZHAR KHAN true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13709088 2023-03-31 13709088 2024-03-31 13709088 2023-04-01 2024-03-31 13709088 frs-core:Non-currentFinancialInstruments 2024-03-31 13709088 frs-core:ComputerEquipment 2024-03-31 13709088 frs-core:ComputerEquipment 2023-04-01 2024-03-31 13709088 frs-core:ComputerEquipment 2023-03-31 13709088 frs-core:ShareCapital 2024-03-31 13709088 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 13709088 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13709088 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 13709088 frs-bus:SmallEntities 2023-04-01 2024-03-31 13709088 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13709088 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 13709088 1 2023-04-01 2024-03-31 13709088 frs-bus:Director1 2023-04-01 2024-03-31 13709088 frs-bus:Director2 2023-04-01 2024-03-31 13709088 frs-countries:EnglandWales 2023-04-01 2024-03-31 13709088 2022-03-31 13709088 2023-03-31 13709088 2022-04-01 2023-03-31 13709088 frs-core:Non-currentFinancialInstruments 2023-03-31 13709088 frs-core:ShareCapital 2023-03-31 13709088 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 13709088
Khan's - Investment Properties Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
BUTT & CO ACCOUNTANTS LTD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13709088
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 388 -
Investment Properties 5 1,002,121 -
1,002,509 -
CURRENT ASSETS
Cash at bank and in hand 530 100
530 100
Creditors: Amounts Falling Due Within One Year 6 (360 ) -
NET CURRENT ASSETS (LIABILITIES) 170 100
TOTAL ASSETS LESS CURRENT LIABILITIES 1,002,679 100
Creditors: Amounts Falling Due After More Than One Year 7 (1,003,621 ) -
NET (LIABILITIES)/ASSETS (942 ) 100
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (1,042 ) -
SHAREHOLDERS' FUNDS (942) 100
Page 1
Page 2
For the year ending 31 March 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr MAZHAR KHAN
Director
08/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Khan's - Investment Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13709088 . The registered office is 8 Dacre Gardens, Chigwell, Essex, IG7 5HG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Office Equipment 20% on Reducing Balance
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Office Equipment
£
Cost
As at 1 April 2023 -
Additions 485
As at 31 March 2024 485
Depreciation
As at 1 April 2023 -
Provided during the period 97
As at 31 March 2024 97
Net Book Value
As at 31 March 2024 388
As at 1 April 2023 -
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5. Investment Property
2024
£
Fair Value
As at 1 April 2023 -
Additions 1,002,121
As at 31 March 2024 1,002,121
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 360 -
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 1,003,621 -
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Ultimate Controlling Party
The company is jointly controlled by its directors, Mazhar Khan and Mohamed Aftab Butt.
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