Company Registration No. 11801249 (England and Wales)
Seven Property Investments Ltd
Unaudited accounts
for the year ended 29 February 2024
Seven Property Investments Ltd
Unaudited accounts
Contents
Seven Property Investments Ltd
Company Information
for the year ended 29 February 2024
Directors
Satnam Bija Singh Bisla
Sharondeep Bisla
Company Number
11801249 (England and Wales)
Registered Office
Jsm, Brightfield Business Hub
Bakewell Road
Peterborough
Cambridgeshire
PE2 6XU
England
Accountants
JSM Partners
Brightfield Business Hub
Bakewell Road
Peterborough
Cambridgeshire
PE2 6XU
Seven Property Investments Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
136,768
137,001
Cash at bank and in hand
812
2,713
Creditors: amounts falling due within one year
(50,156)
(53,486)
Net current liabilities
(48,726)
(50,773)
Total assets less current liabilities
88,042
86,228
Creditors: amounts falling due after more than one year
(100,913)
(99,938)
Net liabilities
(12,871)
(13,710)
Called up share capital
100
100
Profit and loss account
(12,971)
(13,810)
Shareholders' funds
(12,871)
(13,710)
For the year ending 29 February 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 14 October 2024 and were signed on its behalf by
Satnam Bija Singh Bisla
Director
Company Registration No. 11801249
Seven Property Investments Ltd
Notes to the Accounts
for the year ended 29 February 2024
Seven Property Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 11801249. The registered office is Jsm, Brightfield Business Hub, Bakewell Road, Peterborough, Cambridgeshire, PE2 6XU, England.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2023
136,446
930
137,376
At 29 February 2024
136,446
930
137,376
Charge for the year
-
233
233
At 29 February 2024
-
608
608
At 29 February 2024
136,446
322
136,768
At 28 February 2023
136,446
555
137,001
Amounts falling due within one year
Seven Property Investments Ltd
Notes to the Accounts
for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
156
-
Other creditors
50,000
50,000
Loans from directors
-
3,486
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).