IRIS Accounts Production v24.2.0.383 10451389 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh104513892023-01-31104513892024-01-31104513892023-02-012024-01-31104513892022-01-31104513892022-02-012023-01-31104513892023-01-3110451389ns15:EnglandWales2023-02-012024-01-3110451389ns14:PoundSterling2023-02-012024-01-3110451389ns10:Director12023-02-012024-01-3110451389ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3110451389ns10:SmallEntities2023-02-012024-01-3110451389ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3110451389ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3110451389ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3110451389ns10:FullAccounts2023-02-012024-01-3110451389ns10:Director22023-02-012024-01-3110451389ns10:RegisteredOffice2023-02-012024-01-3110451389ns5:CurrentFinancialInstruments2024-01-3110451389ns5:CurrentFinancialInstruments2023-01-3110451389ns5:Non-currentFinancialInstruments2024-01-3110451389ns5:Non-currentFinancialInstruments2023-01-3110451389ns5:ShareCapital2024-01-3110451389ns5:ShareCapital2023-01-3110451389ns5:FurtherSpecificReserve3ComponentTotalEquity2024-01-3110451389ns5:FurtherSpecificReserve3ComponentTotalEquity2023-01-3110451389ns5:RetainedEarningsAccumulatedLosses2024-01-3110451389ns5:RetainedEarningsAccumulatedLosses2023-01-3110451389ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-01-3110451389ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-01-3110451389ns5:Secured2024-01-3110451389ns5:Secured2023-01-3110451389ns5:FurtherSpecificReserve3ComponentTotalEquity2023-01-31
REGISTERED NUMBER: 10451389 (England and Wales)










SHAYAN ESTATES LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2024






SHAYAN ESTATES LTD (REGISTERED NUMBER: 10451389)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHAYAN ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTORS: Mr S S Raja
Mrs S Raja





REGISTERED OFFICE: Midlands Care
Unit 2 Forest Business Park,
Oswin Road
Leicester
LE3 1HR





REGISTERED NUMBER: 10451389 (England and Wales)





ACCOUNTANTS: Shah & Co (Accountants) Ltd
Chartered Certified Accountants
Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB

SHAYAN ESTATES LTD (REGISTERED NUMBER: 10451389)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,081,875 1,081,875

CURRENT ASSETS
Cash at bank 115,853 12,919

CREDITORS
Amounts falling due within one year 5 68,800 68,403
NET CURRENT ASSETS/(LIABILITIES) 47,053 (55,484 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,128,928

1,026,391

CREDITORS
Amounts falling due after more than one
year

6

(518,410

)

(582,566

)

PROVISIONS FOR LIABILITIES (68,091 ) (68,091 )
NET ASSETS 542,427 375,734

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 83,025 83,025
Retained earnings 459,302 292,609
SHAREHOLDERS' FUNDS 542,427 375,734

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SHAYAN ESTATES LTD (REGISTERED NUMBER: 10451389)

BALANCE SHEET - continued
31ST JANUARY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th October 2024 and were signed on its behalf by:





Mr S S Raja - Director


SHAYAN ESTATES LTD (REGISTERED NUMBER: 10451389)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024

1. STATUTORY INFORMATION

Shayan Estates Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st February 2023
and 31st January 2024 1,081,875
NET BOOK VALUE
At 31st January 2024 1,081,875
At 31st January 2023 1,081,875

In the opinion of the directors, the carrying value of the investment properties is a close approximation to their fair value.

SHAYAN ESTATES LTD (REGISTERED NUMBER: 10451389)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

4. INVESTMENT PROPERTY - continued

Fair value at 31st January 2024 is represented by:
£   
Valuation in 2020 102,500
Valuation in 2021 76,887
Valuation in 2022 178,991
Cost 723,497
1,081,875

Investment properties were revalued to reflect the market value by the directors.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 6,777 4,576
Other creditors 62,023 63,827
68,800 68,403

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 518,410 500,066
Other creditors - 82,500
518,410 582,566

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 512,315 276,354

Repayable by instalments
Bank loans more 5 yr by instal - 223,712

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 518,410 500,066

Bank borrowing is secured on the investment properties.

SHAYAN ESTATES LTD (REGISTERED NUMBER: 10451389)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

8. RESERVES
Fair
value
reserve
£   
At 1st February 2023
and 31st January 2024 83,025

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is £59,302.14 (2023 - £63,106.28) owed to the directors. The amount is unsecured and interest free with no set terms for repayment.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S S Raja and Mrs S Raja..