Registered number
04038691
UMIYA PROPERTY INVESTMENTS LIMITED
Filleted Accounts
30 June 2024
UMIYA PROPERTY INVESTMENTS LIMITED
Registered number: 04038691
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 428
Investment property 4 890,901 890,901
890,901 891,329
Current assets
Cash at bank and in hand 135,490 123,179
Creditors: amounts falling due within one year 5 (603,321) (599,839)
Net current liabilities (467,831) (476,660)
Total assets less current liabilities 423,070 414,669
Creditors: amounts falling due after more than one year 6 (210,104) (233,450)
Net assets 212,966 181,219
Capital and reserves
Called up share capital 100 100
Profit and loss account 212,866 181,119
Shareholders' funds 212,966 181,219
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Kamal Patel
Director
Approved by the board on 25 September 2024
UMIYA PROPERTY INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Rental income
Rental income represents rent receivable, excluding value-added tax.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% straight line
Investment property
Investment properties are included at fair values. Any surplus or deficit is dealt with through profit and loss. No depreciation is provided in respect of investment properties.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 1,709
At 30 June 2024 1,709
Depreciation
At 1 July 2023 1,281
Charge for the year 428
At 30 June 2024 1,709
Net book value
At 30 June 2024 -
At 30 June 2023 428
4 Investment properties
£
Fair value
At 1 July 2023 890,901
At 30 June 2024 890,901
Above fair value was estimated by company directors at 30 June 2024
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,945 1,890
Taxation and social security costs 7,547 4,680
Directors and family loans 593,829 593,269
603,321 599,839
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 210,104 233,450
7 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 210,104 233,450
Secured bank loans 210,104 233,450
8 Other information
UMIYA PROPERTY INVESTMENTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
29 Alfriston Avenue
Harrow
Middlesex
HA2 7DY
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