Registered number
05440462
CHAMAKH PROPERTY SERVICES LTD
Filleted Accounts
31 January 2024
CHAMAKH PROPERTY SERVICES LTD
Registered number: 05440462
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 796,123 728,052
Current assets
Cash at bank and in hand 53,106 10,279
Creditors: amounts falling due within one year 4 (376,016) (260,954)
Net current liabilities (322,910) (250,675)
Total assets less current liabilities 473,213 477,377
Creditors: amounts falling due after more than one year 5 (475,547) (479,330)
Net liabilities (2,334) (1,953)
Capital and reserves
Called up share capital 100 100
Profit and loss account (2,434) (2,053)
Shareholders' funds (2,334) (1,953)
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.
Mr U Singh
Director
Approved by the board on 17 October 2024
CHAMAKH PROPERTY SERVICES LTD
Notes to the Accounts
for the year ended 31 January 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).
Turnover
Turnover is that of rents receivable.
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
The company did not operate a pension scheme during the year.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Investments
Other
investments
£
Cost
At 1 February 2023 728,052
Additions 68,071
At 31 January 2024 796,123
Historical cost
At 1 February 2023 728,052
At 31 January 2024 796,123
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,671 5,558
Trade creditors and accruals 2,616 2,716
Corporation tax 392 392
Other creditors - directors' loan accounts 368,337 252,288
376,016 260,954
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 475,547 479,330
6 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 456,865 457,098
Secured bank loans 397,460 397,460
7 Events after the reporting date
There were no events after the reporting date which would affect the user's understanding of these accounts.
8 Contingent liabilities
There were no contingent liabilities in existence at the year end.
9 Controlling party
The company is controlled by it's directors, Mr D Singh and Mr U Singh.
10 Other information
CHAMAKH PROPERTY SERVICES LTD is a private company limited by shares and incorporated in England. Its registered office is:
24 Oswald Road
Chorlton Cum Hardy
Manchester
M21 9LP
CHAMAKH PROPERTY SERVICES LTD 05440462 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts April 2024 Mr U Singh No description of principal activity 05440462 2022-02-01 2023-01-31 05440462 core:WithinOneYear 2023-01-31 05440462 core:AfterOneYear 2023-01-31 05440462 core:ShareCapital 2023-01-31 05440462 core:RetainedEarningsAccumulatedLosses 2023-01-31 05440462 2023-02-01 2024-01-31 05440462 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05440462 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 05440462 bus:Director40 2023-02-01 2024-01-31 05440462 2 2023-02-01 2024-01-31 05440462 countries:England 2023-02-01 2024-01-31 05440462 bus:FRS102 2023-02-01 2024-01-31 05440462 bus:FilletedAccounts 2023-02-01 2024-01-31 05440462 2024-01-31 05440462 core:WithinOneYear 2024-01-31 05440462 core:AfterOneYear 2024-01-31 05440462 core:ShareCapital 2024-01-31 05440462 core:RetainedEarningsAccumulatedLosses 2024-01-31 05440462 core:AdditionsToInvestments 2024-01-31 05440462 2023-01-31 iso4217:GBP xbrli:pure