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
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
SVKV Properties Limited
Statement of financial position
as at 30 April 2024
Investment property
354,434
Cash at bank and in hand
7,400
Creditors: amounts falling due within one year
(947)
Total assets less current liabilities
362,887
Creditors: amounts falling due after more than one year
(358,849)
Profit and loss account
4,036
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
SVKV Properties Limited
Notes to the Accounts
for the period from 26 April 2023 to 30 April 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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, 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 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.
SVKV Properties Limited
Notes to the Accounts
for the period from 26 April 2023 to 30 April 2024
Amounts falling due after more than one year
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
Loans from directors
180,240
8
Average number of employees
During the period the average number of employees was 0.