IRIS Accounts Production v24.3.2.46 10418360 director 1.11.23 31.10.24 31.10.24 false true false false true false Fair value model Ordinary A 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh104183602023-10-31104183602024-10-31104183602023-11-012024-10-31104183602022-10-31104183602022-11-012023-10-31104183602023-10-3110418360ns15:EnglandWales2023-11-012024-10-3110418360ns14:PoundSterling2023-11-012024-10-3110418360ns10:Director12023-11-012024-10-3110418360ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3110418360ns10:SmallEntities2023-11-012024-10-3110418360ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3110418360ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3110418360ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3110418360ns10:FullAccounts2023-11-012024-10-3110418360ns10:OrdinaryShareClass12023-11-012024-10-3110418360ns5:CurrentFinancialInstruments2024-10-3110418360ns5:CurrentFinancialInstruments2023-10-3110418360ns5:ShareCapital2024-10-3110418360ns5:ShareCapital2023-10-3110418360ns5:RetainedEarningsAccumulatedLosses2024-10-3110418360ns5:RetainedEarningsAccumulatedLosses2023-10-3110418360ns10:RegisteredOffice2023-11-012024-10-3110418360ns5:FurnitureFittings2023-10-3110418360ns5:FurnitureFittings2023-11-012024-10-3110418360ns5:FurnitureFittings2024-10-3110418360ns5:FurnitureFittings2023-10-3110418360ns5:CurrentFinancialInstruments2023-11-012024-10-3110418360ns10:OrdinaryShareClass12024-10-31104183601ns10:Director12023-10-31104183601ns10:Director12022-10-31104183601ns10:Director12023-11-012024-10-31104183601ns10:Director12022-11-012023-10-31104183601ns10:Director12024-10-31104183601ns10:Director12023-10-31
REGISTERED NUMBER: 10418360 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st October 2024

for

Reshprop Property Investments Ltd

Reshprop Property Investments Ltd (Registered number: 10418360)






Contents of the Financial Statements
for the Year Ended 31st October 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Reshprop Property Investments Ltd (Registered number: 10418360)

Balance Sheet
31st October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 161 268
Investment property 5 68,000 65,000
68,161 65,268

CURRENT ASSETS
Debtors 6 1,350 1,350
Cash at bank 4,088 2,626
5,438 3,976
CREDITORS
Amounts falling due within one year 7 64,881 64,378
NET CURRENT LIABILITIES (59,443 ) (60,402 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,718

4,866

PROVISIONS FOR LIABILITIES 31 51
NET ASSETS 8,687 4,815

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 8,587 4,715
SHAREHOLDERS' FUNDS 8,687 4,815

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24th March 2025 and were signed by:



Dr R Jeena - Director


Reshprop Property Investments Ltd (Registered number: 10418360)

Notes to the Financial Statements
for the Year Ended 31st October 2024

1. COMPANY INFORMATION

Reshprop Property Investments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10418360

Registered office: The Lexicon
Mount Street
Manchester
M2 5NT

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Tangible fixed assets
Tangible Fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment loss.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Fixtures and Fittings - 25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is credited or charged to the profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Reshprop Property Investments Ltd (Registered number: 10418360)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st November 2023 4,295
Disposals (2,641 )
At 31st October 2024 1,654
DEPRECIATION
At 1st November 2023 4,027
Charge for year 107
Eliminated on disposal (2,641 )
At 31st October 2024 1,493
NET BOOK VALUE
At 31st October 2024 161
At 31st October 2023 268

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2023 65,000
Revaluations 3,000
At 31st October 2024 68,000
NET BOOK VALUE
At 31st October 2024 68,000
At 31st October 2023 65,000

Apartment 13 Law Russell House, 63 Vicar Lane, Bradford, West Yorks, BD1 5BN

Fair value at 31st October 2024 is represented by:
£   
Valuation in 2024 68,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 1,350 1,350

Reshprop Property Investments Ltd (Registered number: 10418360)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other creditors 59,539 59,539
Directors' current accounts 4,749 4,246
Accrued expenses 593 593
64,881 64,378

Included in Other Creditors is a balance of £59,538.85 due to Horwich Medical Limited, a company in which Dr Jeena has a controlling interest. All transactions were made on an arms length basis.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
100 Ordinary A £1 100 100

Ordinary Shares confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st October 2024 and 31st October 2023:

31.10.24 31.10.23
£    £   
Dr R Jeena
Balance outstanding at start of year (4,246 ) (3,743 )
Amounts repaid (503 ) (503 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,749 ) (4,246 )

The loan is repayable on demand and no interest was charged during the year.

10. CONTROLLING PARTY

The ultimate controlling party is Dr Jeena by virtue of holding 100% of the voting share capital.