IRIS Accounts Production v24.2.0.383 13045915 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh130459152023-03-31130459152024-03-31130459152023-04-012024-03-31130459152022-03-31130459152022-04-012023-03-31130459152023-03-3113045915ns15:EnglandWales2023-04-012024-03-3113045915ns14:PoundSterling2023-04-012024-03-3113045915ns10:Director12023-04-012024-03-3113045915ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3113045915ns10:SmallEntities2023-04-012024-03-3113045915ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3113045915ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3113045915ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3113045915ns10:AbridgedAccounts2023-04-012024-03-3113045915ns10:Director22023-04-012024-03-3113045915ns10:Director32023-04-012024-03-3113045915ns10:Director42023-04-012024-03-3113045915ns10:RegisteredOffice2023-04-012024-03-3113045915ns5:CurrentFinancialInstruments2024-03-3113045915ns5:CurrentFinancialInstruments2023-03-3113045915ns5:Non-currentFinancialInstruments2024-03-3113045915ns5:Non-currentFinancialInstruments2023-03-3113045915ns5:ShareCapital2024-03-3113045915ns5:ShareCapital2023-03-3113045915ns5:FurtherSpecificReserve3ComponentTotalEquity2024-03-3113045915ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-3113045915ns5:RetainedEarningsAccumulatedLosses2024-03-3113045915ns5:RetainedEarningsAccumulatedLosses2023-03-3113045915ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-03-3113045915ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-03-31
REGISTERED NUMBER: 13045915 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Pokar Property Ltd

Pokar Property Ltd (Registered number: 13045915)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Pokar Property Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr. M Pokar
Mrs. U Pokar
Mr V Pokar
Mrs. R V Pokar





REGISTERED OFFICE: Suite 3
Falcon Court Business Centre
College Road
Maidstone
Kent
ME15 6TF





REGISTERED NUMBER: 13045915 (England and Wales)





ACCOUNTANTS: Skyfire Accountancy Ltd
The Old Rectory
Springhead Road
Northfleet
Kent
DA11 8HN

Pokar Property Ltd (Registered number: 13045915)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 5 50 50
Investment property 6 6,870,000 6,610,000
6,870,050 6,610,050

CURRENT ASSETS
Debtors 914,030 49,407
Cash at bank 7,667 847,338
921,697 896,745
CREDITORS
Amounts falling due within one year 3,621,502 3,609,967
NET CURRENT LIABILITIES (2,699,805 ) (2,713,222 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,170,245

3,896,828

CREDITORS
Amounts falling due after more than one
year

7

(3,913,398

)

(3,896,569

)

PROVISIONS FOR LIABILITIES (65,000 ) -
NET ASSETS 191,847 259

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 195,000 -
Retained earnings (3,253 ) 159
SHAREHOLDERS' FUNDS 191,847 259

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Pokar Property Ltd (Registered number: 13045915)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2024 and were signed on its behalf by:





Mr. M Pokar - Director


Pokar Property Ltd (Registered number: 13045915)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Pokar Property Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The accounts have been prepared on a going concern basis, despite the company having negative retained earnings, as the directors expect to be able to financially support the company if needed for a minimum period of twelve months from the date of signing the accounts.

Turnover
Sales comprise the fair value of the consideration received or receivable for the sale of goods and rendering of services in the ordinary course of the company's activities. Sales are presented, net of value-added tax, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company's activities as follows:

Dividend income is recognised when the right to receive payment is established.

Rental income from operating leases (net of any incentives given to the lessees) is recognised when the right to receive payment is established.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Pokar Property Ltd (Registered number: 13045915)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2023
and 31 March 2024 50
NET BOOK VALUE
At 31 March 2024 50
At 31 March 2023 50

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 6,610,000
Revaluations 260,000
At 31 March 2024 6,870,000
NET BOOK VALUE
At 31 March 2024 6,870,000
At 31 March 2023 6,610,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 260,000
Cost 6,610,000
6,870,000

Pokar Property Ltd (Registered number: 13045915)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 6,610,000 6,610,000

Investment property was valued on an open market basis on 31 March 2024 by the directors .

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.3.24 31.3.23
£    £   
Repayable otherwise than by instalments
Mortgages 3,913,398 3,896,569

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Mortgages 3,913,398 3,896,569

The mortgages are secured against investment property.

9. RESERVES
Fair
value
reserve
£   
Reserve transfer 195,000

At 31 March 2024 195,000

10. RELATED PARTY DISCLOSURES

During the period, the company loaned £5,219 to a closely connected company. This loan was written off in the period as the closely connected company ceased to trade and had no means to repay the loan.

During the period the company borrowed £840,000 from closely connected companies. At the end of the period, the amount owed by closely connected companies was £880,000 (2023: £40,000). The balance is included within debtors due within one year, is free of interest and repayable on demand.

During the period the company repaid £1,390 of loans due to closely connected companies. At the end of the period, the company owed £3,604,087 (2023: £3,605,477) to closely connected companies. The balance is included within creditors due within one year, is free of interest and repayable on demand.

During the period, the company borrowed £1,639 from a director. At the end of the period, the company owed directors £4,739 (2023: £3,100). The balance is included within creditors due within one year, is free of interest and repayable on demand.