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
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
Modi Properties Private Limited
Statement of financial position
as at 31 March 2024
Investment property
2,131,953
1,388,285
Cash at bank and in hand
28,927
62,537
Creditors: amounts falling due within one year
(2,232,578)
(1,518,000)
Net current liabilities
(2,119,104)
(1,388,263)
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
Modi Properties Private Limited
Notes to the Accounts
for the period from 1 March 2023 to 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Fair value at 1 March 2023
1,388,285
At 31 March 2024
2,131,953
Amounts falling due within one year
Other debtors
62,100
67,100
Amounts falling due after more than one year
Accrued income and prepayments
(8,595)
-
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
2,706
-
Other creditors
1,659,585
994,000
Loans from directors
566,723
524,000
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).