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Registered Number: 13025368
England and Wales

 

 

 


Report of the Directors and Unaudited Financial Statements

for the year ended 30 November 2024

for

AKARA HOMES LTD

 
 
 
£
2024
£
   
£
2023
£
Fixed assets 1,048,253  1,053,442 
Current assets 66,486  7,844 
Creditors: amount falling due within one year (37,871) (18,356)
Net current assets/(liabilities) 28,615  (10,512)
Total assets less current liabilities 1,076,868  1,042,930 
Creditors: amount falling due after more than one year (1,384,788) (1,384,788)
Net assets/(liabilities) (307,920) (341,858)
 
Capital and reserves (307,920) (341,858)
 
  1. For the year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  3. The directors acknowledge their 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Mohammed Asif Razaq
Director

Date approved: 04 March 2025
1
Statutory Information
AKARA HOMES LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 13025368, registration address 117 The Drive, London, IG1 3JE, England.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2.

Tangible fixed assets

Cost or Valuation Freehold property   Fixtures and Fittings   Total
  £   £   £
At 01 December 2023 1,027,500    40,013    1,067,513 
Additions    
At 30 November 2024 1,027,500    40,013    1,067,513 
Depreciation
At 01 December 2023   14,071    14,071 
Charge for year   5,189    5,189 
At 30 November 2024   19,260    19,260 
Net book values
Closing balance as at 30 November 2024 1,027,500    20,753    1,048,253 
Opening balance as at 01 December 2023 1,027,500    25,942    1,053,442 

3.

Average number of employees

Average number of employees during the year was 1  (2023: 1).
2