Registered number
11745933
Chashma Sahib Limited - Company limited by Guarantee
Filleted Accounts
31 March 2024
Chashma Sahib Limited - Company limited by Guarantee
Registered number: 11745933
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 594,244 -
Current assets
Debtors 4 - 770
Cash at bank and in hand 22,542 8,314
22,542 9,084
Creditors: amounts falling due within one year 5 (7,520) (720)
Net current assets 15,022 8,364
Net assets 609,266 8,364
Reserves 609,266 8,364
609,266 8,364
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The income and expenditure account has not been delivered to the Registrar of Companies.
Mr Jagtar Singh Khurana
Director
Approved by the board on 12 November 2024
Chashma Sahib Limited - Company limited by Guarantee
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Income
The income includes funds received by way of donations and fund raising activities during the period.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Freehold Land and buildings
£
Cost
Additions 602,274
At 31 March 2024 602,274
Depreciation
Charge for the year 8,030
At 31 March 2024 8,030
Net book value
At 31 March 2024 594,244
4 Debtors 2024 2023
£ £
Other debtors - 770
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 7,520 720
6 Other information
Chashma Sahib Limited is a private company limited by guarantee and incorporated in England. Its registered office is
559 Lady Margaret Road
Southall
England
UB1 2QQ
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