IRIS Accounts Production v24.3.0.553 06127157 Board of Directors 1.2.23 31.1.24 31.1.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh061271572023-01-31061271572024-01-31061271572023-02-012024-01-31061271572022-01-31061271572022-02-012023-01-31061271572023-01-3106127157ns15:EnglandWales2023-02-012024-01-3106127157ns14:PoundSterling2023-02-012024-01-3106127157ns10:Director12023-02-012024-01-3106127157ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3106127157ns10:SmallEntities2023-02-012024-01-3106127157ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3106127157ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3106127157ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3106127157ns10:FullAccounts2023-02-012024-01-3106127157ns10:Director22023-02-012024-01-3106127157ns10:CompanySecretary12023-02-012024-01-3106127157ns10:RegisteredOffice2023-02-012024-01-3106127157ns5:CurrentFinancialInstruments2024-01-3106127157ns5:CurrentFinancialInstruments2023-01-3106127157ns5:Non-currentFinancialInstruments2024-01-3106127157ns5:Non-currentFinancialInstruments2023-01-3106127157ns5:ShareCapital2024-01-3106127157ns5:ShareCapital2023-01-3106127157ns5:RevaluationReserve2024-01-3106127157ns5:RevaluationReserve2023-01-3106127157ns5:RetainedEarningsAccumulatedLosses2024-01-3106127157ns5:RetainedEarningsAccumulatedLosses2023-01-3106127157ns5:FurnitureFittings2023-02-012024-01-3106127157ns5:LandBuildings2023-01-3106127157ns5:LongLeaseholdAssetsns5:LandBuildings2023-01-3106127157ns5:FurnitureFittings2023-01-3106127157ns5:LandBuildings2024-01-3106127157ns5:LongLeaseholdAssetsns5:LandBuildings2024-01-3106127157ns5:FurnitureFittings2024-01-3106127157ns5:LandBuildings2023-01-3106127157ns5:LongLeaseholdAssetsns5:LandBuildings2023-01-3106127157ns5:FurnitureFittings2023-01-3106127157ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3106127157ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-3106127157ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-01-3106127157ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-01-3106127157ns5:RevaluationReserve2023-01-31
REGISTERED NUMBER: 06127157 (England and Wales)












IKI-YAN Properties Limited

Unaudited Financial Statements

for the Year Ended 31 January 2024






IKI-YAN Properties Limited (Registered number: 06127157)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


IKI-YAN Properties Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: R S Bhurji
Mrs K K Bhurji





SECRETARY: Mrs K K Bhurji





REGISTERED OFFICE: 8a Wingbury Courtyard
Business Village
Wingrave
Buckinghamshire
HP22 4LW





REGISTERED NUMBER: 06127157 (England and Wales)





ACCOUNTANTS: Clarkson Cleaver & Bowes Ltd
8a Wingbury Courtyard
Business Village
Wingrave
Buckinghamshire
HP22 4LW

IKI-YAN Properties Limited (Registered number: 06127157)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,297,661 1,297,661

CURRENT ASSETS
Stocks 5 23,450 23,450
Debtors 6 12,139 12,463
Cash at bank 102,186 178,204
137,775 214,117
CREDITORS
Amounts falling due within one year 7 522,778 568,230
NET CURRENT LIABILITIES (385,003 ) (354,113 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

912,658

943,548

CREDITORS
Amounts falling due after more than
one year

8

1,086,154

1,086,154
NET LIABILITIES (173,496 ) (142,606 )

CAPITAL AND RESERVES
Called up share capital 100 100
Property revaluation reserve 9 (31,315 ) (31,315 )
Retained earnings (142,281 ) (111,391 )
SHAREHOLDERS' FUNDS (173,496 ) (142,606 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

IKI-YAN Properties Limited (Registered number: 06127157)

Balance Sheet - continued
31 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 30 October 2024 and were signed on its behalf by:





R S Bhurji - Director


IKI-YAN Properties Limited (Registered number: 06127157)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

IKI-YAN Properties Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33.33% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement.

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 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 and that are expected to apply to the reversal of the timing difference.

Current or deferred taxation liabilities are not discounted.

3. EMPLOYEES AND DIRECTORS

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

IKI-YAN Properties Limited (Registered number: 06127157)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Long and
property leasehold fittings Totals
£    £    £    £   
COST
At 1 February 2023
and 31 January 2024 1,132,661 165,000 4,880 1,302,541
DEPRECIATION
At 1 February 2023
and 31 January 2024 - - 4,880 4,880
NET BOOK VALUE
At 31 January 2024 1,132,661 165,000 - 1,297,661
At 31 January 2023 1,132,661 165,000 - 1,297,661

5. STOCKS

Stock of land is valued at cost.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 12,139 12,463

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 723 723
Other creditors 522,055 567,507
522,778 568,230

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 1,086,154 1,086,154

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,086,154 1,086,154

IKI-YAN Properties Limited (Registered number: 06127157)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

9. RESERVES
Property
revaluation
reserve
£   
At 1 February 2023
and 31 January 2024 (31,315 )

10. CONTINGENT LIABILITIES

Mortgages are secured by charges on the company freehold property to which the mortgages relate.