THAKUR-CHABERT PROPERTY LIMITED |
Registered number: |
13947622 |
Balance Sheet |
as at 28 February 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Investments |
3 |
|
|
741,590 |
|
|
302,569 |
|
Current assets |
Cash at bank and in hand |
|
|
146 |
|
|
2,799 |
|
Creditors: amounts falling due within one year |
4 |
|
(535,409) |
|
|
(92,203) |
|
Net current liabilities |
|
|
|
(535,263) |
|
|
(89,404) |
|
Total assets less current liabilities |
|
|
|
206,327 |
|
|
213,165 |
|
Creditors: amounts falling due after more than one year |
5 |
|
|
(217,995) |
|
|
(217,995) |
|
|
|
Net liabilities |
|
|
|
(11,668) |
|
|
(4,830) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
1,000 |
|
|
1,000 |
Profit and loss account |
|
|
|
(12,668) |
|
|
(5,830) |
|
Shareholders' funds |
|
|
|
(11,668) |
|
|
(4,830) |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
A. K. THAKUR |
Director |
Approved by the board on 30 November 2024 |
|
THAKUR-CHABERT PROPERTY LIMITED |
Notes to the Accounts |
for the year ended 28 February 2024 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: |
|
|
Rendering of services |
|
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: the amount of revenue can be measured ;it is probable that the Company will receive the consideration due under the contract;the stage of completion of the contract at the end of the reporting period can be measured reliably; and the costs incurred and the costs to complete the contract can be measured reliably. |
|
|
Investment property |
|
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss. |
|
|
Debtors |
|
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment. |
|
|
Creditors |
|
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
3 |
Investment property |
|
|
|
|
|
|
|
|
|
Freehold investment property |
£ |
|
Valuation |
|
At 1 March 2023 |
302,569 |
|
Additions |
439,021 |
|
|
At 28 February 2024 |
741,590 |
|
|
There was no further valuation in the year. The directors believe that this is a reasonable valuation for the property as at 28 February 2024. |
|
4 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Other creditors |
535,409 |
|
92,203 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
£ |
£ |
|
|
Bank loans |
217,995 |
|
217,995 |
|
|
|
|
|
|
|
|
|
|
The bank loan is secured by way of a fixed and floating charge over the assets of the company. |
|
6 |
Other information |
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THAKUR-CHABERT PROPERTY LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
Suite 410, the Atrium |
|
1 Harefield Road |
|
Uxbridge |
|
England |
|
UB8 1EX |