IRIS Accounts Production v24.3.0.553 08875171 Board of Directors 1.3.23 28.2.24 28.2.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088751712023-02-28088751712024-02-28088751712023-03-012024-02-28088751712022-02-28088751712022-03-012023-02-28088751712023-02-2808875171ns15:EnglandWales2023-03-012024-02-2808875171ns14:PoundSterling2023-03-012024-02-2808875171ns10:Director12023-03-012024-02-2808875171ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2808875171ns10:SmallEntities2023-03-012024-02-2808875171ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2808875171ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2808875171ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2808875171ns10:FullAccounts2023-03-012024-02-2808875171ns10:Director22023-03-012024-02-2808875171ns10:RegisteredOffice2023-03-012024-02-2808875171ns5:CurrentFinancialInstruments2024-02-2808875171ns5:CurrentFinancialInstruments2023-02-2808875171ns5:Non-currentFinancialInstruments2024-02-2808875171ns5:Non-currentFinancialInstruments2023-02-2808875171ns5:ShareCapital2024-02-2808875171ns5:ShareCapital2023-02-2808875171ns5:RevaluationReserve2024-02-2808875171ns5:RevaluationReserve2023-02-2808875171ns5:RetainedEarningsAccumulatedLosses2024-02-2808875171ns5:RetainedEarningsAccumulatedLosses2023-02-2808875171ns5:FurnitureFittings2023-03-012024-02-2808875171ns5:FurnitureFittings2023-02-2808875171ns5:FurnitureFittings2024-02-2808875171ns5:FurnitureFittings2023-02-2808875171ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2808875171ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-2808875171ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-02-2808875171ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-02-2808875171ns5:RetainedEarningsAccumulatedLosses2023-02-2808875171ns5:RevaluationReserve2023-02-2808875171ns5:RetainedEarningsAccumulatedLosses2023-03-012024-02-28
REGISTERED NUMBER: 08875171 (England and Wales)















BATHLA PROPERTIES LIMITED

Unaudited Financial Statements for the Year Ended 28 February 2024






BATHLA PROPERTIES LIMITED (REGISTERED NUMBER: 08875171)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BATHLA PROPERTIES LIMITED

Company Information
for the Year Ended 28 February 2024







DIRECTORS: Mrs A Bathla
Dr S Bathla





REGISTERED OFFICE: 59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX





REGISTERED NUMBER: 08875171 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

BATHLA PROPERTIES LIMITED (REGISTERED NUMBER: 08875171)

Balance Sheet
28 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 170 200
Investment property 5 1,283,733 1,283,733
1,283,903 1,283,933

CURRENT ASSETS
Debtors 6 7,875 7,875
Cash at bank 254,535 161,549
262,410 169,424
CREDITORS
Amounts falling due within one year 7 75,728 35,528
NET CURRENT ASSETS 186,682 133,896
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,470,585

1,417,829

CREDITORS
Amounts falling due after more than one
year

8

(1,124,559

)

(1,113,554

)

PROVISIONS FOR LIABILITIES (13,870 ) (13,870 )
NET ASSETS 332,156 290,405

CAPITAL AND RESERVES
Called up share capital 10 10
Revaluation reserve 9 59,130 59,130
Retained earnings 9 273,016 231,265
SHAREHOLDERS' FUNDS 332,156 290,405

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BATHLA PROPERTIES LIMITED (REGISTERED NUMBER: 08875171)

Balance Sheet - continued
28 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





Dr S Bathla - Director


BATHLA PROPERTIES LIMITED (REGISTERED NUMBER: 08875171)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

Bathla Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

BATHLA PROPERTIES LIMITED (REGISTERED NUMBER: 08875171)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2023
and 28 February 2024 756
DEPRECIATION
At 1 March 2023 556
Charge for year 30
At 28 February 2024 586
NET BOOK VALUE
At 28 February 2024 170
At 28 February 2023 200

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 28 February 2024 1,283,733
NET BOOK VALUE
At 28 February 2024 1,283,733
At 28 February 2023 1,283,733

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,875 3,875
Prepayments 4,000 4,000
7,875 7,875

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Social security and other taxes 9,960 8,587
Other creditors 8,128 6,053
Accrued expenses 57,640 20,888
75,728 35,528

BATHLA PROPERTIES LIMITED (REGISTERED NUMBER: 08875171)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 2-5 years 550,000 550,000
Directors loan account 574,559 563,554
1,124,559 1,113,554

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 March 2023 231,265 59,130 290,395
Profit for the year 41,751 41,751
At 28 February 2024 273,016 59,130 332,146

10. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.