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REGISTERED NUMBER: 11272011 (England and Wales)















EKN PROPERTIES LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2024






EKN PROPERTIES LIMITED (REGISTERED NUMBER: 11272011)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EKN PROPERTIES LIMITED

Company Information
for the year ended 31 March 2024







DIRECTOR: H K Rai





REGISTERED OFFICE: The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW





REGISTERED NUMBER: 11272011 (England and Wales)






EKN PROPERTIES LIMITED (REGISTERED NUMBER: 11272011)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £   
CURRENT ASSETS
Debtors 4 110,200 110,200
Cash at bank 1,125 1,249
111,325 111,449
CREDITORS
Amounts falling due within one year 5 118,746 118,020
NET CURRENT LIABILITIES (7,421 ) (6,571 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,421

)

(6,571

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (7,521 ) (6,671 )
SHAREHOLDERS' FUNDS (7,421 ) (6,571 )

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.

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 Profit and Loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2024 and were signed by:





H K Rai - Director


EKN PROPERTIES LIMITED (REGISTERED NUMBER: 11272011)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

EKN 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.

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.

As at 31st March 2024, the company's balance sheet reflected an insolvent position. The director has written confirmation that an amount included within other creditors amounting to £115,000 will not be requested for repayment until such time as the company has sufficient funds available and accordingly considers the going concern basis of preparation to be appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 90,000 90,000
Amounts owed by participating interests 20,100 20,100
Other debtors 100 100
110,200 110,200

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 3,212 2,720
Other creditors 115,534 115,300
118,746 118,020

EKN PROPERTIES LIMITED (REGISTERED NUMBER: 11272011)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. RELATED PARTY DISCLOSURES

As at 31st March 2024, the company was owed £20,100 by EKN Holdings Limited (2023 : £20,100).

No interest is chargeable on loans to EKN Holdings Limited, which are repayable on demand.

Mr H.Rai is a director and shareholder of EKN Holdings Limited.