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
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
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
SK Agga Investments Ltd
Statement of financial position
as at 31 May 2024
Investment property
95,000
114,495
Cash at bank and in hand
1,217
8,884
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)
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
SK Agga Investments Ltd
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
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.
Fair value at 1 June 2023
114,495
Net loss from fair value adjustments
(33,206)
Amounts falling due within one year
Accrued income and prepayments
8,640
8,640
6
Creditors: amounts falling due within one year
2024
2023
Loans from directors
84,570
74,569
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
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).