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REGISTERED NUMBER: 13424174 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

S PATEL PROPERTY INVESTMENT LIMITED

S PATEL PROPERTY INVESTMENT LIMITED (REGISTERED NUMBER: 13424174)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S PATEL PROPERTY INVESTMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: Mr S C Patel





REGISTERED OFFICE: 44 Winscombe Way
Stanmore
Middlesex
HA7 3AU





REGISTERED NUMBER: 13424174 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co
Chartered Certified Accountants
4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL

S PATEL PROPERTY INVESTMENT LIMITED (REGISTERED NUMBER: 13424174)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 327 436
Investment property 5 650,000 607,849
650,327 608,285

CURRENT ASSETS
Cash at bank 8,708 38,710

CREDITORS
Amounts falling due within one year 6 4,267 4,551
NET CURRENT ASSETS 4,441 34,159
TOTAL ASSETS LESS CURRENT
LIABILITIES

654,768

642,444

CREDITORS
Amounts falling due after more than one year 7 567,972 613,836
NET ASSETS 86,796 28,608

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 42,151 -
Retained earnings 44,545 28,508
SHAREHOLDERS' FUNDS 86,796 28,608

S PATEL PROPERTY INVESTMENT LIMITED (REGISTERED NUMBER: 13424174)

BALANCE SHEET - continued
31 JULY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 February 2025 and were signed by:





Mr S C Patel - Director


S PATEL PROPERTY INVESTMENT LIMITED (REGISTERED NUMBER: 13424174)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

S Patel Property Investment 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.

Turnover
Turnover comprises Rental Income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 775
DEPRECIATION
At 1 August 2023 339
Charge for year 109
At 31 July 2024 448
NET BOOK VALUE
At 31 July 2024 327
At 31 July 2023 436

S PATEL PROPERTY INVESTMENT LIMITED (REGISTERED NUMBER: 13424174)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 607,849
Revaluations 42,151
At 31 July 2024 650,000
NET BOOK VALUE
At 31 July 2024 650,000
At 31 July 2023 607,849

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2024 42,151
Cost 607,849
650,000

Investment property was valued on an open market basis on 31 July 2024 by the Director .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 3,787 3,750
Other creditors 480 801
4,267 4,551

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 567,972 613,836

8. RESERVES
Revaluation
reserve
£   
Revaluation 42,151

At 31 July 2024 42,151