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REGISTERED NUMBER: 04719026 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 April 2024

for

Bajar Estates Limited

Bajar Estates Limited (Registered number: 04719026)






Contents of the Financial Statements
for the Year Ended 29 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bajar Estates Limited

Company Information
for the Year Ended 29 April 2024







DIRECTORS: Mr. M Akram Bajar
Mr. M Ashraf Bajar
Mr M Aslam Bajar
Mr. M Sharif Bajar





SECRETARY: Mr. M Sharif Bajar





REGISTERED OFFICE: Unit B
62 London Road
Southampton
SO15 2AH





REGISTERED NUMBER: 04719026 (England and Wales)





ACCOUNTANTS: Thomas Croft Limited
Accountants And Taxation Consultants
Solent House
107a Alma Road
Portswood
Southampton
Hampshire
SO14 6UY

Bajar Estates Limited (Registered number: 04719026)

Balance Sheet
29 April 2024

29.4.24 29.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,185,000 4,839,000

CURRENT ASSETS
Debtors 5 706,828 14,987
Cash at bank 86,430 61,501
793,258 76,488
CREDITORS
Amounts falling due within one year 6 373,560 559,200
NET CURRENT ASSETS/(LIABILITIES) 419,698 (482,712 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,604,698

4,356,288

CREDITORS
Amounts falling due after more than one
year

7

(1,940,000

)

(2,000,000

)

PROVISIONS FOR LIABILITIES (467,654 ) -
NET ASSETS 2,197,044 2,356,288

Bajar Estates Limited (Registered number: 04719026)

Balance Sheet - continued
29 April 2024

29.4.24 29.4.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 210 210
Revaluation reserve 10 1,402,963 1,852,444
Retained earnings 10 793,871 503,634
SHAREHOLDERS' FUNDS 2,197,044 2,356,288

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 April 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.

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 28 January 2025 and were signed on its behalf by:





Mr M Aslam Bajar - Director


Bajar Estates Limited (Registered number: 04719026)

Notes to the Financial Statements
for the Year Ended 29 April 2024

1. STATUTORY INFORMATION

Bajar Estates 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 modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 NIL (2023 - NIL).

Bajar Estates Limited (Registered number: 04719026)

Notes to the Financial Statements - continued
for the Year Ended 29 April 2024

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 30 April 2023 4,839,000
Additions 4,012
Disposals (761,553 )
Revaluations 103,541
At 29 April 2024 4,185,000
NET BOOK VALUE
At 29 April 2024 4,185,000
At 29 April 2023 4,839,000

Cost or valuation at 29 April 2024 is represented by:

Freehold
property
£   
Valuation in 2021 3,860,000
Valuation in 2022 654,000
Valuation in 2023 325,000
Valuation in 2024 (654,000 )
4,185,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.4.24 29.4.23
£    £   
Other debtors 625,000 5,500
Directors' current accounts 77,191 -
Prepayments and accrued income 4,637 9,487
706,828 14,987

Bajar Estates Limited (Registered number: 04719026)

Notes to the Financial Statements - continued
for the Year Ended 29 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.4.24 29.4.23
£    £   
Trade creditors 564 -
Corporation tax 67,885 17,660
Social security and other taxes 470 -
Other creditors 302,341 288,796
Directors' current accounts - 250,600
Accruals and deferred income 2,300 2,144
373,560 559,200

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.4.24 29.4.23
£    £   
Bank loans (see note 8) 1,940,000 2,000,000

8. LOANS

An analysis of the maturity of loans is given below:

29.4.24 29.4.23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 1,940,000 2,000,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.4.24 29.4.23
value: £    £   
10 Ordinary A £1 10 10
100 Ordinary B £1 100 100
100 Ordinary C £1 100 100
210 210

Bajar Estates Limited (Registered number: 04719026)

Notes to the Financial Statements - continued
for the Year Ended 29 April 2024

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 30 April 2023 503,635 1,852,444 2,356,079
Deficit for the year (159,245 ) (159,245 )
Property revaluation (18,173 ) 18,173 -
Deferred Tax 467,654 (467,654 ) -
At 29 April 2024 793,871 1,402,963 2,196,834