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Registered number: 06235833
Dr P Sanehi Ltd
Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06235833
2023 2022
Notes £ £ £ £
FIXED ASSETS
Investment Properties 5 932,723 891,112
932,723 891,112
CURRENT ASSETS
Debtors 6 7,807 20,432
7,807 20,432
Creditors: Amounts Falling Due Within One Year 7 (845,161 ) (834,152 )
NET CURRENT ASSETS (LIABILITIES) (837,354 ) (813,720 )
TOTAL ASSETS LESS CURRENT LIABILITIES 95,369 77,392
NET ASSETS 95,369 77,392
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 95,269 77,292
SHAREHOLDERS' FUNDS 95,369 77,392
Page 1
Page 2
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
P S Sanehi
Director
9th September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Dr P Sanehi Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06235833 . The registered office is 109 Coleman Road, Leicester, LE5 4LE.
The presentation currency of the financial statements is the Pound Sterling (£).
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. Turnover
Turnover comprises of rental income and other recoveries from tenants of the company's investment properties, net of value added tax, rebates and discounts. Rental income is recognised on an accruals basis in the period in which it is earned, in accordance with the terms of the lease and agreements.
2.3. 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:
Fixtures & Fittings 20% Reducing balance
2.4. Investment Properties
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. No depreciation is provided for. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Deferred taxation is provided on surplus at the rate expected to apply when the property is sold.
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the income statement, 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.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 November 2022 13,444
As at 31 October 2023 13,444
Depreciation
As at 1 November 2022 13,444
As at 31 October 2023 13,444
Net Book Value
As at 31 October 2023 -
As at 1 November 2022 -
5. Investment Property
2023
£
Fair Value
As at 1 November 2022 891,112
Additions 41,611
As at 31 October 2023 932,723
6. Debtors
2023 2022
£ £
Due within one year
Other debtors 7,807 20,432
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1,020 455
Other creditors 839,201 815,567
Taxation and social security 4,940 18,130
845,161 834,152
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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9. Directors Advances, Credits and Guarantees
The following advances and credits to directors subsisted during the current and prior periods:
As at 1 November 2022 Amounts advanced Amounts repaid Amounts written off As at 31 October 2023
£ £ £ £ £
Dr Parmohinder Sanehi (811,715 ) - (26,418 ) - (838,133 )
The above loan is unsecured, interest free and repayable on demand.
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