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REGISTERED NUMBER: 15161970 (England and Wales)















Jai Sai Properties Limited

Unaudited Financial Statements

for the Period 25 September 2023 to 30 September 2024






Jai Sai Properties Limited (Registered number: 15161970)






Contents of the Financial Statements
for the Period 25 September 2023 to 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Jai Sai Properties Limited

Company Information
for the Period 25 September 2023 to 30 September 2024







DIRECTORS: P K V Thaker
Mrs B P Thaker





REGISTERED OFFICE: 6 Cobblestones
Hempstead
Gillingham
Kent
ME7 3NT





REGISTERED NUMBER: 15161970 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Jai Sai Properties Limited (Registered number: 15161970)

Statement of Financial Position
30 September 2024

Notes £    £   
FIXED ASSETS
Investment property 4 4,066,039

CURRENT ASSETS
Debtors 5 59,450
Cash at bank 77,790
137,240
CREDITORS
Amounts falling due within one year 6 208,845
NET CURRENT LIABILITIES (71,605 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,994,434

CREDITORS
Amounts falling due after more than one
year

7

1,521,504
NET ASSETS 2,472,930

CAPITAL AND RESERVES
Called up share capital 100
Share premium 2,415,560
Retained earnings 57,270
2,472,930

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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.

Jai Sai Properties Limited (Registered number: 15161970)

Statement of Financial Position - continued
30 September 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 17 April 2025 and were signed on its behalf by:





P K V Thaker - Director


Jai Sai Properties Limited (Registered number: 15161970)

Notes to the Financial Statements
for the Period 25 September 2023 to 30 September 2024

1. STATUTORY INFORMATION

Jai Sai 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.

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.

Income recognition
Income represents the fair value of rents received or receivable from the company's property portfolio.

Investment property
Investment property is included at fair value. Gains are recognised in the income statement and shown in a fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.Basic financial instruments are recognised at amortised cost, with changes recognised in the income statement.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL.

Jai Sai Properties Limited (Registered number: 15161970)

Notes to the Financial Statements - continued
for the Period 25 September 2023 to 30 September 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 4,066,039
At 30 September 2024 4,066,039
NET BOOK VALUE
At 30 September 2024 4,066,039

5. DEBTORS
£   
Amounts falling due within one year:
Trade debtors 7,880

Amounts falling due after more than one year:
Other debtors 51,570

Aggregate amounts 59,450

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 15,691
Other creditors 193,154
208,845

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Mortgage loans 1,519,753
Hire purchase contracts 1,751
1,521,504

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage loans 1,519,753

Jai Sai Properties Limited (Registered number: 15161970)

Notes to the Financial Statements - continued
for the Period 25 September 2023 to 30 September 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Mortgage loans 1,519,753
Hire purchase contracts 1,751
1,521,504

The mortgage loans are secured by means of legal charges over the properties held by the company.

The hire purchase loan is secured on the particular assets purchased.