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Registered number: 09639254
Priya Investments Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09639254
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 589 784
Investment Properties 5 155,964 155,964
156,553 156,748
CURRENT ASSETS
Debtors 6 44,650 44,650
Cash at bank and in hand 1,267 1,039
45,917 45,689
Creditors: Amounts Falling Due Within One Year 7 (139,714 ) (139,592 )
NET CURRENT ASSETS (LIABILITIES) (93,797 ) (93,903 )
TOTAL ASSETS LESS CURRENT LIABILITIES 62,756 62,845
Creditors: Amounts Falling Due After More Than One Year 8 (35,721 ) (40,741 )
NET ASSETS 27,035 22,104
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 26,935 22,004
SHAREHOLDERS' FUNDS 27,035 22,104
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Priya Gandesha
Director
12/03/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Priya Investments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09639254 . The registered office is 4 Nutter Lane, London, E11 2HY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration receivable. Turnover includes revenue earned from rental of residential investment properties.
Investment properties
Rental income from investment properties is recognised monthly in advance.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 July 2023 880 1,250 2,130
As at 30 June 2024 880 1,250 2,130
Depreciation
As at 1 July 2023 491 855 1,346
Provided during the period 97 98 195
As at 30 June 2024 588 953 1,541
Net Book Value
As at 30 June 2024 292 297 589
As at 1 July 2023 389 395 784
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Page 4
5. Investment Property
2024
£
Fair Value
As at 1 July 2023 and 30 June 2024 155,964
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 44,650 44,650
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 1,202 1,309
Other creditors 137,552 137,563
Accruals and deferred income 960 720
139,714 139,592
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 35,721 40,741
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4