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REGISTERED NUMBER: 03553956 (England and Wales)














TEJ PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






TEJ PROPERTIES LIMITED (REGISTERED NUMBER: 03553956)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


TEJ PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTORS: T S Sahota
S S Sahota
S Nijjar





REGISTERED OFFICE: 5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE





REGISTERED NUMBER: 03553956 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

TEJ PROPERTIES LIMITED (REGISTERED NUMBER: 03553956)

STATEMENT OF FINANCIAL POSITION
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 71,087 95,611
Investment property 6 704,143 -
775,230 95,611

CURRENT ASSETS
Stocks 7 5,887,254 5,760,514
Debtors 8 53,936 79,814
Cash at bank 3,231,183 1,661,868
9,172,373 7,502,196
CREDITORS
Amounts falling due within one year 9 4,619,061 4,153,056
NET CURRENT ASSETS 4,553,312 3,349,140
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,328,542

3,444,751

PROVISIONS FOR LIABILITIES 17,772 23,903
NET ASSETS 5,310,770 3,420,848

CAPITAL AND RESERVES
Called up, paid and allotted share capital 100 100
Retained earnings 5,310,670 3,420,748
SHAREHOLDERS' FUNDS 5,310,770 3,420,848

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

TEJ PROPERTIES LIMITED (REGISTERED NUMBER: 03553956)

STATEMENT OF FINANCIAL POSITION - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:





T S Sahota - Director


TEJ PROPERTIES LIMITED (REGISTERED NUMBER: 03553956)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

TEJ 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Income recognition
Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stock of land
Stock of land and property is valued at the lower of cost or net realisable value.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

TEJ PROPERTIES LIMITED (REGISTERED NUMBER: 03553956)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 1,965 101,618 4,948 108,531
DEPRECIATION
At 1 May 2023 1,963 8,468 2,489 12,920
Charge for year - 23,288 1,236 24,524
At 30 April 2024 1,963 31,756 3,725 37,444
NET BOOK VALUE
At 30 April 2024 2 69,862 1,223 71,087
At 30 April 2023 2 93,150 2,459 95,611

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 704,143
At 30 April 2024 704,143
NET BOOK VALUE
At 30 April 2024 704,143

7. STOCKS
2024 2023
£    £   
Stock of land & property 5,887,254 5,760,514

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 53,936 79,814

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 636,784 113,051
Other creditors 3,982,277 4,040,005
4,619,061 4,153,056

10. RELATED PARTY DISCLOSURES

The directors operate loan accounts with the company. During the year, brought forward loans were repaid by the company in aggregate of £361,525. At the year end, the directors were owed £218,934.