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Registered Number: 04281440
England and Wales

 

 

 


Abridged Accounts

for the year ended 30 November 2023

for

AKS INVESTMENTS LIMITED

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of AKS Investments Limited for the year ended 30 November 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.


As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/ .


This report is made solely to the Board of Directors of AKS Investments Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of AKS Investments Limited and state those matters that we have agreed to state to the Board of Directors of AKS Investments Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AKS Investments Limited and its Board of Directors as a body for our work or for this report.


It is your duty to ensure that AKS Investments Limited 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 AKS Investments Limited. You consider that AKS Investments Limited 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 AKS Investments Limited. 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 ended 30 November 2023.


Campbell Accountancy Limited - Chartered Certified Accountants
Old Chapel
The Green
Lower Boddington
Northamptonshire
NN11 6YE
14 August 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 900,000    900,000 
900,000    900,000 
Current assets      
Debtors 34,478    34,478 
Investments 993,000    993,000 
Cash at bank and in hand 351    3,271 
1,027,829    1,030,749 
Creditors: amount falling due within one year (989,757)   (993,760)
Net current assets 38,072    36,989 
 
Total assets less current liabilities 938,072    936,989 
Creditors: amount falling due after more than one year (272,776)   (268,859)
Provisions for liabilities (52,373)   (52,373)
Net assets 612,923    615,757 
 

Capital and reserves
     
Called up share capital 100    100 
Fair Value Reserves 4 223,272    223,272 
Profit and loss account 389,551    392,385 
Shareholders' funds 612,923    615,757 
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 14 August 2024 and were signed on its behalf by:


-------------------------------
Gian Kharaud
Director
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General Information
AKS Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 04281440, registration address c/o Old Chapel, The Green, Lower Boddington, Northamptonshire, NN11 6YE. The trading address of the company is 90 Manor Lane, Sunbury on Thames, TW16 6JB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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.
Current and deferred tax assets and liabilities are not discounted.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.

Average number of employees

Average number of employees during the year was 0 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 01 December 2022 900,000    900,000 
Additions  
Disposals  
At 30 November 2023 900,000    900,000 
Depreciation
At 01 December 2022  
Charge for year  
On disposals  
At 30 November 2023  
Net book values
Closing balance as at 30 November 2023 900,000    900,000 
Opening balance as at 01 December 2022 900,000    900,000 

Investment Properties
Fair value at 30 November 2023 is represented by:
  £
£
Valuation in 2015 (149,355)
Valuation in 2018 175,000 
Valuation in 2019 100,000 
Valuation in 2021 150,000 
Cost 624,355 
900,000 

If the investment properties had not been revalued they would have been included at the historical cost of £624,355 (2022: £624355)

The investment properties were valued on an open market basis on 30 November 2023 by the directors with reference to agents.

4.

Fair Value Reserves

2023
£
  2022
£
Fair Value Reserve b/fwd 223,272    223,272 
223,272    223,272 

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