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REGISTERED NUMBER: 07506808 (England and Wales)

















Unaudited Financial Statements

for the Period 31 March 2023 to 29 March 2024

for

Singh Bains Properties Limited

Singh Bains Properties Limited (Registered number: 07506808)






Contents of the Financial Statements
for the Period 31 March 2023 to 29 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Singh Bains Properties Limited

Company Information
for the Period 31 March 2023 to 29 March 2024







DIRECTORS: Mr H Bains
Mr T Singh





REGISTERED OFFICE: 24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT





REGISTERED NUMBER: 07506808 (England and Wales)





ACCOUNTANTS: SMH Haywood & Co Limited
24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT

Singh Bains Properties Limited (Registered number: 07506808)

Balance Sheet
29 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 824 3,125,173
Investment property 5 3,754,074 -
3,754,898 3,125,173

CURRENT ASSETS
Debtors 6 633 11,894
Cash at bank 17,806 43,199
18,439 55,093
CREDITORS
Amounts falling due within one year 7 (1,339,181 ) (1,205,148 )
NET CURRENT LIABILITIES (1,320,742 ) (1,150,055 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,434,156 1,975,118

CREDITORS
Amounts falling due after more than one
year

8

(1,185,152

)

(630,741

)

PROVISIONS FOR LIABILITIES (31,144 ) (31,144 )
NET ASSETS 1,217,860 1,313,233

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 329,720 329,720
Retained earnings 888,040 983,413
1,217,860 1,313,233

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

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

Singh Bains Properties Limited (Registered number: 07506808)

Balance Sheet - continued
29 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





Mr T Singh - Director


Singh Bains Properties Limited (Registered number: 07506808)

Notes to the Financial Statements
for the Period 31 March 2023 to 29 March 2024

1. STATUTORY INFORMATION

Singh Bains 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 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 period 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 period 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 period was 2 (2023 - 2 ) .

Singh Bains Properties Limited (Registered number: 07506808)

Notes to the Financial Statements - continued
for the Period 31 March 2023 to 29 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 31 March 2023 3,127,588 16,703 3,144,291
Reclassification/transfer (3,127,588 ) - (3,127,588 )
At 29 March 2024 - 16,703 16,703
DEPRECIATION
At 31 March 2023 3,514 15,604 19,118
Charge for period - 275 275
Reclassification/transfer (3,514 ) - (3,514 )
At 29 March 2024 - 15,879 15,879
NET BOOK VALUE
At 29 March 2024 - 824 824
At 30 March 2023 3,124,074 1,099 3,125,173

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 630,000
Reclassification/transfer 3,127,588
At 29 March 2024 3,757,588
DEPRECIATION
Reclassification/transfer 3,514
At 29 March 2024 3,514
NET BOOK VALUE
At 29 March 2024 3,754,074

As at 30 March 2024, the directors considered the fair value of the investment property to be £3,754,074 (2023: £3,124,074).

The historical cost of the investment property held at 30 March 2024 totals £3,396,724 (2023: £2,766,724).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 633 11,894

Singh Bains Properties Limited (Registered number: 07506808)

Notes to the Financial Statements - continued
for the Period 31 March 2023 to 29 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 116,840
Trade creditors 3,942 -
Taxation and social security 43,270 42,598
Other creditors 1,281,969 1,045,710
1,339,181 1,205,148

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 1,185,152 630,741

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,171,818 -