Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29trueBuying and selling of own real estate, Other letting and operating of own or leased real estatetrue2023-03-01false11The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12445251 2023-03-01 2024-02-29 12445251 2022-03-01 2023-02-28 12445251 2024-02-29 12445251 2023-02-28 12445251 c:Director1 2023-03-01 2024-02-29 12445251 d:FreeholdInvestmentProperty 2024-02-29 12445251 d:FreeholdInvestmentProperty 2023-02-28 12445251 d:CurrentFinancialInstruments 2024-02-29 12445251 d:CurrentFinancialInstruments 2023-02-28 12445251 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 12445251 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 12445251 d:ShareCapital 2024-02-29 12445251 d:ShareCapital 2023-02-28 12445251 d:RetainedEarningsAccumulatedLosses 2024-02-29 12445251 d:RetainedEarningsAccumulatedLosses 2023-02-28 12445251 c:FRS102 2023-03-01 2024-02-29 12445251 c:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 12445251 c:FullAccounts 2023-03-01 2024-02-29 12445251 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 12445251 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 12445251









H KHAN PROPERTIES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
H KHAN PROPERTIES LTD
 
 
  
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF H KHAN PROPERTIES LTD
FOR THE YEAR ENDED 29 FEBRUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of H KHAN PROPERTIES LTD for the year ended 29 February 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the director of H KHAN PROPERTIES LTD in accordance with the terms of our engagement letter dated 03 October 2024Our work has been undertaken solely to prepare for your approval the financial statements of H KHAN PROPERTIES LTD and state those matters that we have agreed to state to the director of H KHAN PROPERTIES LTD in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than H KHAN PROPERTIES LTD and its director for our work or for this report. 

It is your duty to ensure that H KHAN PROPERTIES LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of H KHAN PROPERTIES LTD. You consider that H KHAN PROPERTIES LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of H KHAN PROPERTIES 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 financial statements.

  



Fraser Russell
 
77 Francis Road
Edgbaston
Birmingham
B16 8SP

3 October 2024
Page 1

 
H KHAN PROPERTIES LTD
REGISTERED NUMBER: 12445251

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
355,408
355,408

  
355,408
355,408

Current assets
  

Cash at bank and in hand
 5 
35,037
9,534

  
35,037
9,534

Creditors: amounts falling due within one year
 6 
(381,503)
(363,330)

Net current liabilities
  
 
 
(346,466)
 
 
(353,796)

Total assets less current liabilities
  
8,942
1,612

  

Net assets
  
8,942
1,612


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
8,842
1,512

  
8,942
1,612


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 October 2024.




Page 2

 
H KHAN PROPERTIES LTD
REGISTERED NUMBER: 12445251
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

Hayat Khan
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
H KHAN PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

H Khan Properties Limited is a company limited by shares incorporated in England within the United Kingdom, having a registration of 12445251. The address of the registered office is 77 Francis Road, Edgbaston, Birmingham, B16 8SP. The principal activity of the company in the year under review was that of the buying and selling of own real estate and opther letting and operating of own or leased real estate.
The financial statements are presented in sterling which is functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements has been prepared on a going concern basis which assumes that the company will continue to receive support from creditors and the director as and when required..

Page 4

 
H KHAN PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 5

 
H KHAN PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including the director, during the year was as follows:


        2024
        2023
            No.
            No.







Average number of employee
1
1


4.


Investment property





Freehold investment property

£



Valuation


At 1 March 2023
355,408



At 29 February 2024
355,408

The 2024 valuations were made by a directors, on an open market value for fair value taking into consideration broad data obtained from relevant property websites., on an open market value for existing use basis.



At 29 February 2024



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:



Page 6

 
H KHAN PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
35,037
9,534

35,037
9,534



6.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
-
500

Corporation tax
1,720
416

Other creditors
377,383
361,214

Accruals and deferred income
2,400
1,200

381,503
363,330



7.


Related party transactions

Hayat Khan is the sole director and shareholder of the company.  
During the period the director provided loans of £16,168.  As at the balance sheet date, the company owed the director £246,671 (2023: £230,502) which is shown in other creditors due within one year. 
The above balance is payable on demand and therefore there are no significant differences between the value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet.
Hayat Khan is also the sole director and shareholder of Tyre Centre Limited.
During the year the company received loans of £Nil. At the balance sheet date, the company owed £130,712 (2023: £130,712)  to Tyre Centre Limited which is shown in other creditors due within one year.
The above balance is payable on demand and therefore there are no significant differences between the value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet.


8.


Controlling party

During the year the company was under the control of the sole director, Hayat Khan, who is also the sole
shareholder.

 
Page 7