Company Registration No. 13516127 (England and Wales)
AKHARSHA PROPERTIES LTD
Unaudited accounts
for the year ended 31 July 2024
AKHARSHA PROPERTIES LTD
Unaudited accounts
Contents
AKHARSHA PROPERTIES LTD
Company Information
for the year ended 31 July 2024
Directors
MANNAVA, Anusha
PARA, Harshavardhan
Company Number
13516127 (England and Wales)
Registered Office
12 Goldings Crescent
Hatfield
Hertfordshire
AL10 8UE
England
Accountants
Effortless Accounts Limited
276 Barton Road
Luton
Bedfordshire
LU3 3NH
AKHARSHA PROPERTIES LTD
Statement of financial position
as at 31 July 2024
Investment property
758,037
476,894
Cash at bank and in hand
3,242
13,464
Creditors: amounts falling due within one year
(2,410)
(2,456)
Net current assets
832
11,008
Total assets less current liabilities
758,869
487,902
Creditors: amounts falling due after more than one year
(743,888)
(480,837)
Called up share capital
2
2
Profit and loss account
14,979
7,063
Shareholders' funds
14,981
7,065
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by
PARA, Harshavardhan
Director
Company Registration No. 13516127
AKHARSHA PROPERTIES LTD
Notes to the Accounts
for the year ended 31 July 2024
AKHARSHA PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 13516127. The registered office is 12 Goldings Crescent, Hatfield, Hertfordshire, AL10 8UE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in pound sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 August 2023
476,894
Properties were not revalued in the year 2024.
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
2,110
2,156
AKHARSHA PROPERTIES LTD
Notes to the Accounts
for the year ended 31 July 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
559,325
356,725
Loans from directors
180,563
124,112
Aggregate of amounts that fall due for payment after five years
93,897
60,093
A bank loan of GBP120,750 is taken over 25 years at 3% interest rate to cover the acquisition of the investment property. Directors were also invested their money form savings at 0% interest to be charged to the company. A second Bank Loan it taken for a second property of GBP235,975 over 25 years at 6% interest rate to cover the acquisition. 3rd Bank loan is taken out for GBP202,600 at 5.4% interest rate to cover the acquisition over 28 years
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).