1 June 2023 false Taxfiler 2024.5 14167646business:PrivateLimitedCompanyLtd2023-06-012024-05-31 141676462023-05-31 141676462023-06-012024-05-31 14167646business:AuditExemptWithAccountantsReport2023-06-012024-05-31 14167646business:FilletedAccounts2023-06-012024-05-31 141676462024-05-31 14167646business:Director12023-06-012024-05-31 14167646business:RegisteredOffice2023-06-012024-05-31 141676462023-05-31 14167646core:WithinOneYear2024-05-31 14167646core:WithinOneYear2023-05-31 14167646core:AfterOneYear2024-05-31 14167646core:AfterOneYear2023-05-31 14167646core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 14167646core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 14167646core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 14167646core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 14167646core:PreviouslyStatedAmount2024-05-31 14167646core:PreviouslyStatedAmount2023-05-31 14167646business:SmallEntities2023-06-012024-05-31 14167646countries:EnglandWales2023-06-012024-05-31 14167646core:MoreThanFiveYears2024-05-31 14167646core:MoreThanFiveYears2023-05-31 141676462022-06-132023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 14167646 (England and Wales)
SK Agga Investments Ltd Unaudited accounts for the year ended 31 May 2024
SK Agga Investments Ltd Unaudited accounts Contents
Page
- 2 -
SK Agga Investments Ltd Company Information for the year ended 31 May 2024
Director
Simon Kumar Aggarwal
Company Number
14167646 (England and Wales)
Registered Office
49 LABRADOR QUAY SALFORD M50 3YH ENGLAND
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
- 3 -
SK Agga Investments Ltd Accountants' report
Accountants' report to the director of SK Agga Investments Ltd on the preparation of the unaudited statutory accounts for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SK Agga Investments Ltd for the year ended 31 May 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of SK Agga Investments Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of SK Agga Investments Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SK Agga Investments Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SK Agga Investments Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of SK Agga Investments Ltd. You consider that SK Agga Investments Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of SK Agga Investments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 18 October 2024
- 4 -
SK Agga Investments Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
95,000 
114,495 
Current assets
Debtors
8,670 
8,670 
Cash at bank and in hand
1,217 
8,884 
9,887 
17,554 
Creditors: amounts falling due within one year
(84,645)
(75,469)
Net current liabilities
(74,758)
(57,915)
Total assets less current liabilities
20,242 
56,580 
Creditors: amounts falling due after more than one year
(62,853)
(62,853)
Net liabilities
(42,611)
(6,273)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(42,711)
(6,373)
Shareholders' funds
(42,611)
(6,273)
For the year ending 31 May 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 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 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 and authorised for issue on 18 October 2024 and were signed on its behalf by
Simon Kumar Aggarwal Director Company Registration No. 14167646
- 5 -
SK Agga Investments Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
SK Agga Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 14167646. The registered office is 49 LABRADOR QUAY, SALFORD, M50 3YH, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024 
£ 
Fair value at 1 June 2023
114,495 
Additions
13,711 
Net loss from fair value adjustments
(33,206)
At 31 May 2024
95,000 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
8,640 
8,640 
Other debtors
30 
30 
8,670 
8,670 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
84,570 
74,569 
Accruals
75 
900 
84,645 
75,469 
- 6 -
SK Agga Investments Ltd Notes to the Accounts for the year ended 31 May 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
62,853 
62,853 
Aggregate of amounts that fall due for payment after five years
62,853 
62,853 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 7 -