Registered number
10860824
A J SINGH REAL ESTATE LTD
Filleted Accounts
31 May 2024
A J SINGH REAL ESTATE LTD
Registered number: 10860824
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,296,980 1,296,980
Investments 4 1 1
1,296,981 1,296,981
Current assets
Debtors 5 51,227 78,699
Cash at bank and in hand 3,044 57
54,271 78,756
Creditors: amounts falling due within one year 6 (771,579) (832,045)
Net current liabilities (717,308) (753,289)
Total assets less current liabilities 579,673 543,692
Creditors: amounts falling due after more than one year 7 (316,826) (315,905)
Provisions for liabilities (27,098) (27,098)
Net assets 235,749 200,689
Capital and reserves
Called up share capital 1 1
Revaluation reserve 8 115,522 115,522
Profit and loss account 120,226 85,166
Shareholder's funds 235,749 200,689
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Ajitsingh KAPOOR
Director
Approved by the board on 7 February 2025
A J SINGH REAL ESTATE LTD
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes (if applicable). Turnover represents the value of rent receivable.
Investment properties
Investment properties are revalued annually and the aggregate surplus or deficit is transferred to revaluation reserve. No depreciation is provided in respect of investment properties.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 June 2023 1,296,980
At 31 May 2024 1,296,980
Depreciation
At 31 May 2024 -
Net book value
At 31 May 2024 1,296,980
At 31 May 2023 1,296,980
Freehold land and buildings: 2024 2023
£ £
Historical cost 1,296,980 1,296,980
Cumulative depreciation based on historical cost - -
1,296,980 1,296,980
The investment properties were measured for fair value by the directors, and in their opinion the
fair value of the investment property is fairly stated.
4 Investments
Other
investments
£
Cost
At 1 June 2023 1
At 31 May 2024 1
5 Debtors 2024 2023
£ £
Trade debtors - 2,450
Other debtors 51,227 76,249
51,227 78,699
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 1,619 4,119
Trade creditors - 900
Taxation and social security costs 18,578 16,670
Director's loan account 246,595 249,875
Other creditors 504,787 560,481
771,579 832,045
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 9,446 8,525
Shareholders loan 307,380 307,380
316,826 315,905
8 Revaluation reserve 2024 2023
£ £
At 1 June 2023 115,522 115,522
At 31 May 2024 115,522 115,522
9 Related party transactions 2024 2023
£ £
AJSINGH GROUP LTD (a company incorporated in England and Wales with common control)
Other creditors include unsecure loan from 49,581 109,581
KAPOOR BROTHERS PROPERTIES LTD (a company incorporated in England and Wales. The director Mr A Kapoor is 50% shareholders in the company)
Other debtors include unsecure loan to 7,501 7,501
A R Food & Wine Ltd (a company incorporated in England and Wales with common control)
Other creditors include unsecure loan from 279,000 275,000
Malhotra Brothers Ltd (a company incorporated in England and Wales. The director Mr A Kapoor is 50% shareholders and a director in the company)
Other creditors include unsecure loan from 174,250 175,000
Ajmeet Real Estate Ltd (a company incorporated in England and Wales. The director Mr A Kapoor is the sole director and A J Singh Real Estate holds 50% shares in the company)
Other debtorss include unsecure loan to 43,726 46,748
My Local Store Ltd (a company incorporated in England and Wales with common contral)
Other debtorss include unsecure loan to - 27,500
10 Controlling party
The company is under control of its director Mr Ajitsingh Kapoor.
11 Other information
A J SINGH REAL ESTATE LTD is a private company limited by shares and incorporated in England. Its registered office is:
61 Cranford Lane
Hounslow
TW5 9HA
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