2023-03-01 2024-02-29 10641898 PREKSHA PROPERTIES LIMITED false 10641898 2023-03-01 2024-02-29 10641898 uk-bus:Director1 2023-03-01 2024-02-29 10641898 uk-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 10641898 uk-bus:SmallEntities 2023-03-01 2024-02-29 10641898 uk-bus:FullAccounts 2023-03-01 2024-02-29 10641898 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 10641898 2023-03-01 10641898 2024-02-29 10641898 2023-02-28 xbrli:pure iso4217:GBP 10641898 2022-03-01 2023-02-28
Company Registration Number : 10641898 (England and Wales)
10641898
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-02-29
false
PREKSHA PROPERTIES LIMITED
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-03-01
PREKSHA PROPERTIES LIMITED
Unaudited filleted financial statements
For the year ended 29 February 2024
PREKSHA PROPERTIES LIMITED
Contents
For the year ended 29 February 2024

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


PREKSHA PROPERTIES LIMITED
Company Information
For the year ended 29 February 2024

Company registration number 10641898 (England and Wales)
Director Preeti Mehta
Registered office address 2 Durand Road
Earley, Reading
Berkshire
United Kingdom
RG6 5YR
Accountant DNS Associates
Chartered Accountants
382 Kenton Road
Harrow, Middlesex
HA3 8DP
PREKSHA PROPERTIES LIMITED
Statement of Financial Position
For the year ended 29 February 2024

2024 2023
Notes £ £
Fixed assets
Investment Property 465,000 450,000
5 465,000 450,000
Current assets
Cash and cash equivalents 41,636 33,388
41,636 33,388
Current liabilities
Creditors: Amounts falling due within one year (136,360) (126,054)
(136,360) (126,054)
Net current (liabilities)/assets (94,725) (92,667)
Total assets less current liabilities 370,275 357,333
Non-current liabilities
Creditors: Amounts falling due after more than one year (270,468) (270,468)
Provision for liabilities (19,360) (16,510)
Net assets/(liabilities) 80,447 70,355
Capital and reserves
Called up share capital 100 100
Retained earnings 80,347 70,255
Shareholder's funds 80,447 70,355
For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 29 February 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 director acknowledges their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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.
Approved by the Board on 26 November 2024
.............................
Preeti Mehta (Director)
Company registration number: 10641898
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-02-29 29 February 2024
2024 2023
£ £
Fixed Assets 465,000 450,000
Current Assets 41,636 33,388
Creditors: amounts falling due within one year (136,360) (126,054)
Net current assets (liabilities) (94,725) (92,667)
Total assets less current liabilities 370,275 357,333
CREDITORS: Amounts falling due more than one year (270,468) (270,468)
Provisions for liabilities (19,360) (16,510)
Net Assets (liabilities) 80,447 70,355
Capital and Reserves 80,447 70,355
For the year ending 29/02/2024 the company was entitled to exemption 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. For the year ending 29-02-2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 26 November 2024 2024-11-26 and signed on behalf of the board,
.............................
Preeti Mehta
Director
Company registration number: 10641898
PREKSHA PROPERTIES LIMITED
Notes to the Financial Statements
For the year ended 29 February 2024

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 2 Durand Road, Earley, Reading, Berkshire, United Kingdom, RG6 5YR.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Rental income
Rental income from operating leases are recognised on a straight-line basis over the term of the relevant lease. Rental Income is included within other income from fixed assets.
Interest income
Interest income is recognised using the effective interest method.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Deferred Tax
A deferred tax asset or liability is recognised for tax recoverable or payable in future periods in respect of transactions and events recognised in the financial statements of current and previous periods.

Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. Timing differences result from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is recognised on all timing differences at the reporting date apart from certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax liabilities and assets are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

(4) Employees
During the year, the average number of employees including director was 0 (2023 : 0).

(5) Fixed assets
Investments
Property
£
Cost
As at 01 March 2023450,000
Revaluation15,000
As at 29 February 2024465,000
Depreciation/Amortisation
As at 29 February 2024-
Net book value
As at 29 February 2024465,000
As at 28 February 2023450,000

(6) Creditors > 1 Year (Bank Loans)
The mortgage loans are secured on the properties.

(7) Investment Properties
FRS 102 1A requires deferred tax for assets that are subject to fair market revaluation. As a result, a deferred tax of £2,850 was recognized on 29 February 2024, and a fair market revaluation of £15,000 was reported during the year.