Registered number
10960451
Keri Properties Limited
Filleted Accounts
30 September 2024
Keri Properties Limited
Registered number: 10960451
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 244,114 244,114
Current assets
Cash at bank and in hand 13,135 42,314
Creditors: amounts falling due within one year 4 (97,831) (3,590)
Net current (liabilities)/assets (84,696) 38,724
Total assets less current liabilities 159,418 282,838
Creditors: amounts falling due after more than one year 5 (175,731) (308,839)
Net liabilities (16,313) (26,001)
Capital and reserves
Called up share capital 100 100
Profit and loss account (16,413) (26,101)
Shareholders' funds (16,313) (26,001)
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 his 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.
Manish Jayman Mehta
Director
Approved by the board on 16 May 2025
Keri Properties Limited
Notes to the Accounts
for the year ended 30 September 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).
Going concern
In the director's opinion preparation of the accounts on a going concern basis is justified because assurances have been received from the shareholder that the company will continue to be supported for the foreseeable future.
Turnover
Turnover is measured at the fair value of the rental consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Investment property Nil
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 1 1
3 Tangible fixed assets
Investment property
£
Cost
At 1 October 2023 244,114
At 30 September 2024 244,114
Depreciation
At 30 September 2024 -
Net book value
At 30 September 2024 244,114
At 30 September 2023 244,114
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 97,831 3,590
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 175,731 175,731
Other creditors - 133,108
175,731 308,839
6 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 175,731 175,731
Bank loans are secured against the freehold property.
7 Controlling party
The company is under the control of Manish Jayman Mehta, the sole director and the shareholder of the company.
8 Other information
Keri Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
35 Arlington Grove
Wallington
Surrey
SM6 9NH
Keri Properties Limited 10960451 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts July 2024 Manish Jayman Mehta No description of principal activity 10960451 2022-10-01 2023-09-30 10960451 core:WithinOneYear 2023-09-30 10960451 core:AfterOneYear 2023-09-30 10960451 core:ShareCapital 2023-09-30 10960451 core:RetainedEarningsAccumulatedLosses 2023-09-30 10960451 2023-10-01 2024-09-30 10960451 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10960451 bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 10960451 bus:Director40 2023-10-01 2024-09-30 10960451 1 2023-10-01 2024-09-30 10960451 2 2023-10-01 2024-09-30 10960451 countries:England 2023-10-01 2024-09-30 10960451 bus:FRS102 2023-10-01 2024-09-30 10960451 bus:FilletedAccounts 2023-10-01 2024-09-30 10960451 2024-09-30 10960451 core:WithinOneYear 2024-09-30 10960451 core:AfterOneYear 2024-09-30 10960451 core:ShareCapital 2024-09-30 10960451 core:RetainedEarningsAccumulatedLosses 2024-09-30 10960451 core:LandBuildings 2024-09-30 10960451 2023-09-30 10960451 core:LandBuildings 2023-09-30 iso4217:GBP xbrli:pure