CHAWLA & GULATI PROPERTY INVESTMENTS LIMITED

Company Registration Number:
08014747 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 May 2023

End date: 30 June 2024

CHAWLA & GULATI PROPERTY INVESTMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

CHAWLA & GULATI PROPERTY INVESTMENTS LIMITED

Balance sheet

As at 30 June 2024


Notes

14 months to 30 June 2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 32,913,493 25,411,697
Investments: 4 3,471,000 2,111,000
Total fixed assets: 36,384,493 27,522,697
Current assets
Debtors:   1,118,730 1,927,008
Cash at bank and in hand: 146,740 79,234
Total current assets: 1,265,470 2,006,242
Creditors: amounts falling due within one year:   (1,160,892) (243,401)
Net current assets (liabilities): 104,578 1,762,841
Total assets less current liabilities: 36,489,071 29,285,538
Creditors: amounts falling due after more than one year:   (34,801,893) (27,831,757)
Total net assets (liabilities): 1,687,178 1,453,781
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 1,687,078 1,453,681
Shareholders funds: 1,687,178 1,453,781

The notes form part of these financial statements

CHAWLA & GULATI PROPERTY INVESTMENTS LIMITED

Balance sheet statements

For the year ending 30 June 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 16 December 2024
and signed on behalf of the board by:

Name: A S Chawla
Status: Director

The notes form part of these financial statements

CHAWLA & GULATI PROPERTY INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

CHAWLA & GULATI PROPERTY INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

14 months to 30 June 2024 2023
Average number of employees during the period 0 0

CHAWLA & GULATI PROPERTY INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible Assets

Total
Cost £
At 01 May 2023 25,411,697
Additions 5,793,053
Transfers 1,708,743
At 30 June 2024 32,913,493
Net book value
At 30 June 2024 32,913,493
At 30 April 2023 25,411,697

CHAWLA & GULATI PROPERTY INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Fixed investments

The Investment properties are carried forward at cost as in the opinion of the directors, the carrying value of the assets has not significantly changes and on this basis no revaluation has been done. The above treatment is a general departure from the requirement of FRS102 which requires all Investment properties to be revalued each year and any changes to be taken to the profit or loss statement. No depreciation is provided on the Investment properties as in the opinion of the directors , the assets are maintained to a high standard.

CHAWLA & GULATI PROPERTY INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Related party transactions

Amounts due to related parties Prince Cash & Carry Ltd £1,051,000 - (2023 - £740,000) AKBK Properties Ltd - £920,000 - (2023 - £670,000) Prince Electronics Ltd - £992,658 - (2023 - £342,657) Platinum Anchor Ltd - £1,130,000 - (2023 - £440,000) All Drinks Cash & Carry Ltd - £145,000 - (2023 - Nil) Prince Fancy Goods - £300,000 - (2023 - £Nil) Amounts due from related parties C & G Builders and Developers Ltd - £ Nil - (2023 - £500,000) All Drinks Cash & Carry Ltd - £ Nil - (2023 - £890,000) Drinks Wholesalers Ltd - £836,000 - (2023 - Nil)