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REGISTERED NUMBER: 04314301 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Post Select Limited

Post Select Limited (Registered number: 04314301)






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


Post Select Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R Soni
N Shah





REGISTERED OFFICE: Suite 2, Rama Apartments
17 St Anns Road
Harrow
Middlesex
HA1 1JU





REGISTERED NUMBER: 04314301 (England and Wales)





ACCOUNTANTS: Kallis LLP
Chartered Certified Accountant
22 Westward Way
Harrow
Middlesex
HA3 0SE

Post Select Limited (Registered number: 04314301)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 9,574,043 9,574,043

CURRENT ASSETS
Debtors 5 165,024 140,260
Cash at bank 315,256 305,146
480,280 445,406
CREDITORS
Amounts falling due within one year 6 2,576,126 1,374,831
NET CURRENT LIABILITIES (2,095,846 ) (929,425 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,478,197

8,644,618

CREDITORS
Amounts falling due after more than one
year

7

6,209,471

7,634,066
NET ASSETS 1,268,726 1,010,552

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,267,726 1,009,552
SHAREHOLDERS' FUNDS 1,268,726 1,010,552

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 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.

Post Select Limited (Registered number: 04314301)

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 Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by:





N Shah - Director


Post Select Limited (Registered number: 04314301)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Post Select 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.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially
recognised at cost, which includes the purchase cost and any directly attributable expenditure.
Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account

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 2 (2023 - 2 ) .

Post Select Limited (Registered number: 04314301)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 9,574,043
NET BOOK VALUE
At 31 March 2024 9,574,043
At 31 March 2023 9,574,043

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 38,826 20,266
Other debtors 126,198 119,994
165,024 140,260

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 361,132 357,696
Trade creditors 654 3,425
Taxation and social security 222,031 128,488
Other creditors 1,992,309 885,222
2,576,126 1,374,831

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 5,252,168 5,609,864
Other creditors 957,303 2,024,202
6,209,471 7,634,066

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,821,384 4,179,080

Post Select Limited (Registered number: 04314301)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 5,609,864 5,967,560

The bank loans are secured by fix charges over the investment properties of the company.