26 April 2023 false No description of principal activity Taxfiler 2024.5 NI696668business:PrivateLimitedCompanyLtd2023-04-262024-04-30 NI6966682023-04-25 NI6966682023-04-262024-04-30 NI696668business:AuditExempt-NoAccountantsReport2023-04-262024-04-30 NI696668business:FilletedAccounts2023-04-262024-04-30 NI6966682024-04-30 NI696668business:Director12023-04-262024-04-30 NI696668business:Director22023-04-262024-04-30 NI696668business:RegisteredOffice2023-04-262024-04-30 NI696668core:WithinOneYear2024-04-30 NI696668core:AfterOneYear2024-04-30 NI696668core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 NI696668core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 NI696668core:PreviouslyStatedAmount2024-04-30 NI696668business:SmallEntities2023-04-262024-04-30 NI696668countries:NorthernIreland2023-04-262024-04-30 iso4217:GBP xbrli:pure
Company Registration No. NI696668 (Northern Ireland)
SVKV Properties Limited Unaudited accounts for the period from 26 April 2023 to 30 April 2024
SVKV Properties Limited Unaudited accounts Contents
Page
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SVKV Properties Limited Company Information for the period from 26 April 2023 to 30 April 2024
Directors
Valarmathi Nachimuthu Senthil Kumar Selvakumar Ponnuchamy
Company Number
NI696668 (Northern Ireland)
Registered Office
26 Brooke Hall Avenue Belfast BT8 6WE Northern Ireland
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SVKV Properties Limited Statement of financial position as at 30 April 2024
2024 
Notes
£ 
Fixed assets
Investment property
354,434 
Current assets
Debtors
2,000 
Cash at bank and in hand
7,400 
9,400 
Creditors: amounts falling due within one year
(947)
Net current assets
8,453 
Total assets less current liabilities
362,887 
Creditors: amounts falling due after more than one year
(358,849)
Net assets
4,038 
Capital and reserves
Called up share capital
2 
Profit and loss account
4,036 
Shareholders' funds
4,038 
For the period ending 30 April 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 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 2 September 2024 and were signed on its behalf by
Senthil Kumar Selvakumar Ponnuchamy Director Company Registration No. NI696668
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SVKV Properties Limited Notes to the Accounts for the period from 26 April 2023 to 30 April 2024
1
Statutory information
SVKV Properties Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI696668. The registered office is 26 Brooke Hall Avenue, Belfast, BT8 6WE, Northern Ireland.
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.
3
Accounting policies
These financial statements for the period from 26 April 2023 to 30 April 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 26 April 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Income represents amounts receivable from rental properties. Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.
4
Investment property
2024 
£ 
Additions
354,434 
At 30 April 2024
354,434 
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SVKV Properties Limited Notes to the Accounts for the period from 26 April 2023 to 30 April 2024
5
Debtors
2024 
£ 
Amounts falling due after more than one year
Other debtors
2,000 
6
Creditors: amounts falling due within one year
2024 
£ 
Taxes and social security
947 
7
Creditors: amounts falling due after more than one year
2024 
£ 
Bank loans
96,609 
Other creditors
82,000 
Loans from directors
180,240 
358,849 
8
Average number of employees
During the period the average number of employees was 0.
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