Registered number
04427718
SIDHU & SAMRA PROPERTIES LIMITED
Filleted Accounts
31 August 2024
SIDHU & SAMRA PROPERTIES LIMITED
Registered number: 04427718
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,200,000 1,200,000
Current assets
Debtors 4 114,403 108,118
Cash at bank and in hand 90,706 35,480
205,109 143,598
Creditors: amounts falling due within one year 5 (38,909) (35,876)
Net current assets 166,200 107,722
Total assets less current liabilities 1,366,200 1,307,722
Creditors: amounts falling due after more than one year 6 (28,220) (32,293)
Provisions for liabilities (54,074) (54,074)
Net assets 1,283,906 1,221,355
Capital and reserves
Called up share capital 600 600
Revaluation reserve 7 230,528 230,528
Profit and loss account 1,052,778 990,227
Shareholders' funds 1,283,906 1,221,355
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Gurpal Kaur Sidhu
Director
Approved by the board on 20 May 2025
SIDHU & SAMRA PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes (if applicable). Turnover represents the value of rent receivable.
Investment properties
Investment properties are revalued annually and the aggregate surplus or deficit is transferred to revaluation reserve. No depreciation is provided in respect of investment properties.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 September 2023 1,200,000
At 31 August 2024 1,200,000
Depreciation
At 31 August 2024 -
Net book value
At 31 August 2024 1,200,000
At 31 August 2023 1,200,000
Freehold land and buildings: 2024 2023
£ £
Historical cost 915,397 915,397
915,397 915,397
The fair value of the investment properties was determined by the directors, who are of the opinion that the stated fair value accurately reflects the properties' current market value.
4 Debtors 2024 2023
£ £
Other debtors 114,403 108,118
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,630 4,516
Taxation and social security costs 24,788 22,058
Other creditors 9,491 9,302
38,909 35,876
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 3,948 8,498
Other loans 2,900 2,900
Director's current account 21,372 20,895
28,220 32,293
7 Revaluation reserve 2024 2023
£ £
At 1 September 2023 230,528 230,528
At 31 August 2024 230,528 230,528
8 Related party transactions
Management fees and Legal and professional costs was paid £4,300 (2023: £4,300) to Shivstar Legal Services Ltd, a company incorporated in England and Wales. Shivstar Legal Services Ltd is controlled by a close family member of the director Mrs G K Sidhu.

Other debtors include unsecured, interest-free loan £34,826 (2023: £39,618) to Jaujar Investments Limited; £22,500 (2023: £22,500) to Josh Lawsons Ltd; £4,000 (2023: £16,000) to Sidhu Dairy Investments Limited; and £53,077 (2023: £30,000) to Jaujar Enterprises Ltd. All of the companies were incorporated in England and Wales, and controlled by the close family members of the director Mrs G K Sidhu.
9 Controlling party
During the period the company was under the control of its director Mrs Sidhu and her family.
10 Other information
SIDHU & SAMRA PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
3 Craneswater Park
Southall
Middlesex
UB2 5RW
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