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REGISTERED NUMBER: 04337738 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Chawda Properties Limited

Chawda Properties Limited (Registered number: 04337738)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Chawda Properties Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: K D Chawda





REGISTERED OFFICE: 17 Sycamore Drive
Groby
Leicester
Leicestershire
LE6 0EW





REGISTERED NUMBER: 04337738 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Chawda Properties Limited (Registered number: 04337738)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 57 76
Investment property 5 203,531 203,531
203,588 203,607

CURRENT ASSETS
Debtors 6 - 2,502
Cash at bank 21,772 20,178
21,772 22,680
CREDITORS
Amounts falling due within one year 7 (135,158 ) (113,821 )
NET CURRENT LIABILITIES (113,386 ) (91,141 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,202

112,466

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 90,082 112,346
SHAREHOLDERS' FUNDS 90,202 112,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 September 2024 and were signed by:



K D Chawda - Director


Chawda Properties Limited (Registered number: 04337738)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Chawda Properties Limited 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Going concern
The financial statements have been prepared on the going concern basis which assumes the company
will continue to trade. This depends on the ability of the directors to maintain the necessary financial
support.

Turnover
Turnover represents the value from rental and development properties, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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
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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Chawda Properties Limited (Registered number: 04337738)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023
and 31 December 2023 2,045
DEPRECIATION
At 1 January 2023 1,969
Charge for year 19
At 31 December 2023 1,988
NET BOOK VALUE
At 31 December 2023 57
At 31 December 2022 76

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 203,531
NET BOOK VALUE
At 31 December 2023 203,531
At 31 December 2022 203,531

Investment properties are shown at fair value assessed by the director.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors - 1,250
Other debtors - 1,252
- 2,502

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 412 1,719
Other creditors 134,746 112,102
135,158 113,821

Other creditors includes accruals of £1,276 (2022: £1,108).