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REGISTERED NUMBER: 12388914 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

THEELA PROPERTIES LTD

THEELA PROPERTIES LTD (REGISTERED NUMBER: 12388914)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THEELA PROPERTIES LTD

COMPANY INFORMATION
for the Year Ended 31 JANUARY 2025







DIRECTORS: Mrs Perminder Shur
Dr Jagdeep Singh Shur





REGISTERED OFFICE: Five Ways
57/59 Hatfield Road
Potters Bar
Hertfordshire
EN6 1HS





REGISTERED NUMBER: 12388914 (England and Wales)





ACCOUNTANTS: SRG Newmans Limited
Five Ways
57-59 Hatfield Road
Potters Bar
Hertfordshire
EN6 1HS

THEELA PROPERTIES LTD (REGISTERED NUMBER: 12388914)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 341 455
Investments 4 1,627,668 1,496,120
Investment property 5 457,389 457,389
2,085,398 1,953,964

CURRENT ASSETS
Debtors 6 264,007 -
Cash at bank 5,257 3,865
269,264 3,865
CREDITORS
Amounts falling due within one year 7 2,185,687 1,916,513
NET CURRENT LIABILITIES (1,916,423 ) (1,912,648 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

168,975

41,316

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 168,973 41,314
SHAREHOLDERS' FUNDS 168,975 41,316

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

THEELA PROPERTIES LTD (REGISTERED NUMBER: 12388914)

BALANCE SHEET - continued
31 JANUARY 2025


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 18 March 2025 and were signed on its behalf by:





Dr Jagdeep Singh Shur - Director


THEELA PROPERTIES LTD (REGISTERED NUMBER: 12388914)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2025

1. 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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 year 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.

THEELA PROPERTIES LTD (REGISTERED NUMBER: 12388914)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2025

1. ACCOUNTING POLICIES - continued

Investments
Investments in shares and other portfolio items are included at fair value.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2024
and 31 January 2025 809
DEPRECIATION
At 1 February 2024 354
Charge for year 114
At 31 January 2025 468
NET BOOK VALUE
At 31 January 2025 341
At 31 January 2024 455

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 February 2024 - 1,496,120 1,496,120
Additions 2 350,000 350,002
Share of profit/(loss) - (26,639 ) (26,639 )
Revaluations - 168,855 168,855
Management fees - (17,096 ) (17,096 )
Dividends and interest
received - 26,949 26,949
Reclassification/transfer - (370,523 ) (370,523 )
At 31 January 2025 2 1,627,666 1,627,668
NET BOOK VALUE
At 31 January 2025 2 1,627,666 1,627,668
At 31 January 2024 - 1,496,120 1,496,120

THEELA PROPERTIES LTD (REGISTERED NUMBER: 12388914)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2025

4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 January 2025 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2024 - 1,627,666 1,627,666
Cost 2 - 2
2 1,627,666 1,627,668

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2024
and 31 January 2025 457,389
NET BOOK VALUE
At 31 January 2025 457,389
At 31 January 2024 457,389

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2025 2024
£    £   
Other debtors 264,007 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 349,989 -
Amounts owed to group undertakings 200,042 7,620
Taxation and social security 40,449 1,415
Other creditors 1,595,207 1,907,478
2,185,687 1,916,513