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REGISTERED NUMBER: 13138882 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

P. MOHAN RESIDENTIAL LTD

P. MOHAN RESIDENTIAL LTD (REGISTERED NUMBER: 13138882)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P. MOHAN RESIDENTIAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 March 2024







DIRECTOR: P D Mohan





REGISTERED OFFICE: 12 Gateway Mews
Ring Way
London
N11 2UT





REGISTERED NUMBER: 13138882 (England and Wales)





ACCOUNTANTS: G. George Associates Limited
Chartered Certified Accountants
12 Gateway Mews
Ring Way
London
N11 2UT

P. MOHAN RESIDENTIAL LTD (REGISTERED NUMBER: 13138882)

BALANCE SHEET
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 48,859 45,700
Investment property 5 3,299,800 3,093,500
3,348,659 3,139,200

CURRENT ASSETS
Debtors 6 2,719 1,674
Cash at bank 2 1,311
2,721 2,985
CREDITORS
Amounts falling due within one year 7 6,232 5,062
NET CURRENT LIABILITIES (3,511 ) (2,077 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,345,148

3,137,123

CREDITORS
Amounts falling due after more than one
year

8

(1,096,008

)

(898,707

)

PROVISIONS FOR LIABILITIES (321,751 ) (321,751 )
NET ASSETS 1,927,389 1,916,665

CAPITAL AND RESERVES
Called up share capital 51 51
Capital redemption reserve 53 53
Retained earnings 1,927,285 1,916,561
SHAREHOLDERS' FUNDS 1,927,389 1,916,665

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

P. MOHAN RESIDENTIAL LTD (REGISTERED NUMBER: 13138882)

BALANCE SHEET - continued
31 March 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 director and authorised for issue on 28 November 2024 and were signed by:





P D Mohan - Director


P. MOHAN RESIDENTIAL LTD (REGISTERED NUMBER: 13138882)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024

1. STATUTORY INFORMATION

P. Mohan Residential Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Government grants
Government grants relating to revenue are recognised in income on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate.

Capital based government grants are included within accruals and deferred income in the balance sheet and credited to trading profit over the expected useful economic lives of the assets to which they relate.

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.

P. MOHAN RESIDENTIAL LTD (REGISTERED NUMBER: 13138882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 1,529 23,022 50,299 1,470 76,320
Additions - 3,288 25,569 - 28,857
Disposals - - (16,732 ) - (16,732 )
At 31 March 2024 1,529 26,310 59,136 1,470 88,445
DEPRECIATION
At 1 April 2023 445 7,558 22,006 611 30,620
Charge for year 271 4,688 11,112 215 16,286
Eliminated on disposal - - (7,320 ) - (7,320 )
At 31 March 2024 716 12,246 25,798 826 39,586
NET BOOK VALUE
At 31 March 2024 813 14,064 33,338 644 48,859
At 31 March 2023 1,084 15,464 28,293 859 45,700

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 3,093,500
Additions 206,300
At 31 March 2024 3,299,800
NET BOOK VALUE
At 31 March 2024 3,299,800
At 31 March 2023 3,093,500

Investment property was valued on an open market basis by the director at the balance sheet date.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 2,719 1,674

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 6,232 5,062

P. MOHAN RESIDENTIAL LTD (REGISTERED NUMBER: 13138882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 700,750 700,750
Other creditors 395,258 197,957
1,096,008 898,707

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 700,750 700,750