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REGISTERED NUMBER: 09879413 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

GARCHA NEST PROPERTIES LIMITED

GARCHA NEST PROPERTIES LIMITED (REGISTERED NUMBER: 09879413)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GARCHA NEST PROPERTIES LIMITED

COMPANY INFORMATION
For The Year Ended 30 November 2024







DIRECTORS: R S Garcha
M K Garcha





REGISTERED OFFICE: Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR





REGISTERED NUMBER: 09879413 (England and Wales)





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

GARCHA NEST PROPERTIES LIMITED (REGISTERED NUMBER: 09879413)

BALANCE SHEET
30 November 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 872 1,162
Investment property 5 3,880,000 3,565,000
3,880,872 3,566,162

CURRENT ASSETS
Debtors 6 14,846 6,663
Cash at bank 43,584 1,928
58,430 8,591
CREDITORS
Amounts falling due within one year 7 114,847 8,596
NET CURRENT LIABILITIES (56,417 ) (5 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,824,455 3,566,157

CREDITORS
Amounts falling due after more than one
year

8

764,730

532,265
NET ASSETS 3,059,725 3,033,892

CAPITAL AND RESERVES
Called up share capital 9 100 100
Share premium 2,976,680 2,976,680
Revaluation reserve 10 36,331 46,331
Retained earnings 46,614 10,781
SHAREHOLDERS' FUNDS 3,059,725 3,033,892

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

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

GARCHA NEST PROPERTIES LIMITED (REGISTERED NUMBER: 09879413)

BALANCE SHEET - continued
30 November 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 8 May 2025 and were signed on its behalf by:





R S Garcha - Director


GARCHA NEST PROPERTIES LIMITED (REGISTERED NUMBER: 09879413)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 November 2024


1. STATUTORY INFORMATION

Garcha Nest 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.

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.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

GARCHA NEST PROPERTIES LIMITED (REGISTERED NUMBER: 09879413)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2024


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 December 2023
and 30 November 2024 1,550
DEPRECIATION
At 1 December 2023 388
Charge for year 290
At 30 November 2024 678
NET BOOK VALUE
At 30 November 2024 872
At 30 November 2023 1,162

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023 3,565,000
Additions 325,000
Revaluations 40,000
Impairments (50,000 )
At 30 November 2024 3,880,000
NET BOOK VALUE
At 30 November 2024 3,880,000
At 30 November 2023 3,565,000

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2022 73,669
Valuation in 2023 3,491,331
Valuation in 2024 315,000
3,880,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 3,843,669 3,518,670

Investment property was valued on an open market basis on 30 November 2024 by the directors .

During the year, February 2024, an additional property was purchased for £325,000.

GARCHA NEST PROPERTIES LIMITED (REGISTERED NUMBER: 09879413)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,326 6,663
Other debtors 1,520 -
14,846 6,663

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 425 593
Amounts owed to group undertakings 36,111 -
Taxation and social security 25,116 5,181
Other creditors 53,195 2,822
114,847 8,596

As at 30.11.2024 there is a balance owed by Garcha Nest Properties Limited to SSGKA Holdings Limited of £36,111.

SSGKA Holdings Limited holds 100% of the share capital of Garcha Nest Properties Limited.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 764,730 532,265

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 414,707 411,702

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Revaluation
reserve
£   
At 1 December 2023 46,331
Revaluation reserve (10,000 )

At 30 November 2024 36,331

11. RELATED PARTY DISCLOSURES

GARCHA NEST PROPERTIES LIMITED (REGISTERED NUMBER: 09879413)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 November 2024


11. RELATED PARTY DISCLOSURES - continued

The 100% share capital is wholly owned by SSGKA Holdings Limited of the directors of Garcha Nest Property Limited, are majority shareholders.