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REGISTERED NUMBER: 12152675 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30th June 2024

for

Mohini Properties Ltd

Mohini Properties Ltd (Registered number: 12152675)

Contents of the Financial Statements
for the Year Ended 30th June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mohini Properties Ltd

Company Information
for the Year Ended 30th June 2024







Director: R Vekaria





Registered office: 52 Manley Road
Oldham
United Kingdom
Lancashire
OL8 1AU





Registered number: 12152675 (England and Wales)





Accountants: DBF Associates
Chartered Accountants
South Cheetham B C
10 Park Place
Manchester
Lancashire
M4 4EY

Mohini Properties Ltd (Registered number: 12152675)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 - 404
Investment property 5 820,561 820,561
820,561 820,965

Current assets
Debtors 6 1,300 775
Cash in hand 44,558 35,309
45,858 36,084
Creditors
Amounts falling due within one year 7 3,049 106,034
Net current assets/(liabilities) 42,809 (69,950 )
Total assets less current liabilities 863,370 751,015

Creditors
Amounts falling due after more than one
year

8

832,678

728,654
Net assets 30,692 22,361

Capital and reserves
Called up share capital 9 100 100
Retained earnings 30,592 22,261
Shareholders' funds 30,692 22,361

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Mohini Properties Ltd (Registered number: 12152675)

Balance Sheet - continued
30th June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th November 2024 and were signed by:





R Vekaria - Director


Mohini Properties Ltd (Registered number: 12152675)

Notes to the Financial Statements
for the Year Ended 30th June 2024


1. Statutory information

Mohini Properties 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on cost

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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. Employees and directors

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

Mohini Properties Ltd (Registered number: 12152675)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024


4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1st July 2023
and 30th June 2024 2,016
Depreciation
At 1st July 2023 1,612
Charge for year 404
At 30th June 2024 2,016
Net book value
At 30th June 2024 -
At 30th June 2023 404

5. Investment property
Total
£   
Fair value
At 1st July 2023
and 30th June 2024 820,561
Net book value
At 30th June 2024 820,561
At 30th June 2023 820,561

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 1,300 -
Other debtors - 775
1,300 775

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Taxation and social security 2,049 2,543
Other creditors 1,000 103,491
3,049 106,034

Mohini Properties Ltd (Registered number: 12152675)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024


8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 512,184 519,731
Other creditors 320,494 208,923
832,678 728,654

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 215,190 208,923

Repayable by instalments
Bank loans more 5 yr by instal 512,184 519,731

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. Related party disclosures

Creditors: Amounts falling due after more than one year includes an intercompany loan made from its parent company of £215,190 (2023: £208,923).