1 March 2023 false No description of principal activity Taxfiler 2024.6 13903531business:PrivateLimitedCompanyLtd2023-03-012024-03-31 139035312023-02-28 139035312023-03-012024-03-31 13903531business:AuditExempt-NoAccountantsReport2023-03-012024-03-31 13903531business:FilletedAccounts2023-03-012024-03-31 139035312024-03-31 13903531business:Director12023-03-012024-03-31 13903531business:Director22023-03-012024-03-31 13903531business:Director32023-03-012024-03-31 13903531business:Director42023-03-012024-03-31 13903531business:RegisteredOffice2023-03-012024-03-31 139035312023-02-28 13903531core:WithinOneYear2024-03-31 13903531core:WithinOneYear2023-02-28 13903531core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 13903531core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 13903531core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 13903531core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 13903531core:PreviouslyStatedAmount2024-03-31 13903531core:PreviouslyStatedAmount2023-02-28 13903531business:SmallEntities2023-03-012024-03-31 13903531countries:EnglandWales2023-03-012024-03-31 13903531core:AfterOneYear2024-03-31 13903531core:AfterOneYear2023-02-28 139035312022-02-092023-02-28 iso4217:GBP xbrli:pure
Company Registration No. 13903531 (England and Wales)
Modi Properties Private Limited Unaudited accounts for the period from 1 March 2023 to 31 March 2024
Modi Properties Private Limited Unaudited accounts Contents
Page
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Modi Properties Private Limited Company Information for the period from 1 March 2023 to 31 March 2024
Directors
Brijesh Hasmukhlal MODI Mikin Hasmukhlal MODI Nimishaben Mikinkumar MODI Payal Brijeshkumar MODI
Company Number
13903531 (England and Wales)
Registered Office
25 HILIARY GARDENS STANMORE HA7 2NH ENGLAND
Accountants
MAP Accounting Limited 26 Oakfield Avenue Harrow HA3 8TJ
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Modi Properties Private Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
2,131,953 
1,388,285 
Current assets
Debtors
84,547 
67,200 
Cash at bank and in hand
28,927 
62,537 
113,474 
129,737 
Creditors: amounts falling due within one year
(2,232,578)
(1,518,000)
Net current liabilities
(2,119,104)
(1,388,263)
Net assets
12,849 
22 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
12,749 
(78)
Shareholders' funds
12,849 
22 
For the period ending 31 March 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 22 November 2024 and were signed on its behalf by
Mikin Hasmukhlal MODI Director Company Registration No. 13903531
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Modi Properties Private Limited Notes to the Accounts for the period from 1 March 2023 to 31 March 2024
1
Statutory information
Modi Properties Private Limited is a private company, limited by shares, registered in England and Wales, registration number 13903531. The registered office is 25 HILIARY GARDENS, STANMORE, HA7 2NH, 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 period, 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 £ sterling.
4
Investment property
2024 
£ 
Fair value at 1 March 2023
1,388,285 
Additions
743,668 
At 31 March 2024
2,131,953 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
30,942 
- 
Other debtors
62,100 
67,100 
93,042 
67,100 
Amounts falling due after more than one year
Accrued income and prepayments
(8,595)
- 
Other debtors
100 
100 
(8,495)
100 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,064 
- 
Taxes and social security
2,706 
- 
Other creditors
1,659,585 
994,000 
Loans from directors
566,723 
524,000 
Accruals
500 
- 
2,232,578 
1,518,000 
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Modi Properties Private Limited Notes to the Accounts for the period from 1 March 2023 to 31 March 2024
7
Transactions with related parties
Payal Brijeshkumar Modi is the director of Modi Properties Private Limited and Kavya Enterprise Ltd. Kavya Enterprise Ltd. has loaned Modi Properties Private Limited and Modi Properties Private Limited has paid interest at 2.5% to Kavya Enterprise Ltd.
8
Average number of employees
During the period the average number of employees was 0 (2023: 0).
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