Company registration number: 12826048
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UNAUDITED FINANCIAL STATEMENTS
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FOR THE YEAR ENDED
31 MARCH 2024
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SHAHI FAMILY PROPERTY LIMITED
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SHAHI FAMILY PROPERTY LIMITED
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COMPANY INFORMATION
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SHAHI FAMILY PROPERTY LIMITED
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CONTENTS
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Statement of financial position
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Notes to the financial statements
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SHAHI FAMILY PROPERTY LIMITED
REGISTERED NUMBER:12826048
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STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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Provisions for liabilities
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SHAHI FAMILY PROPERTY LIMITED
REGISTERED NUMBER:12826048
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STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024
The Directors consider 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 Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared 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 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 statement of income and retained earnings 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 by:
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D Shahi
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The notes on pages 3 to 4 form part of these financial statements.
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SHAHI FAMILY PROPERTY LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Shahi Family Property Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office and principal place of business is disclosed on the company information page.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
Turnover represents amounts receivable in respect of rental income.
Investment property is carried at fair value determined at each period end by the directors. Changes in fair value are recognised in profit or loss.
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The average monthly number of employees, including directors, during the period was 2 (2023 -2).
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Freehold investment property
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The 2024 valuations were made by the directors, on an open market value for existing use basis.
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SHAHI FAMILY PROPERTY LIMITED
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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The other creditors figure includes a Directors loan of £131,277 (2023 - £129,877). This amount is considered interest free and repayable on demand.
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Creditors: Amounts falling due after more than one year
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The bank loan has been secured over the investment property.
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