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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
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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
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AKHARSHA PROPERTIES LTD Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
758,037 
476,894 
Current assets
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)
Net assets
14,981 
7,065 
Capital and reserves
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
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AKHARSHA PROPERTIES LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in pound sterling.
Turnover
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
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.
4
Investment property
2024 
£ 
Fair value at 1 August 2023
476,894 
Additions
281,143 
At 31 July 2024
758,037 
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 
Accruals
300 
300 
2,410 
2,456 
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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 
Other creditors
4,000 
- 
Loans from directors
180,563 
124,112 
743,888 
480,837 
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).
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