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Registered number: 14887848
Muraliswetha Properties Ltd
Unaudited ABRIDGED Financial Statements
For the Period 23 May 2023 to 31 May 2024
VIBAS Accountants
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 14887848
31 May 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 3,287
Investment Properties 5 154,577
157,864
CURRENT ASSETS
Debtors 1,000
Cash at bank and in hand 2,647
3,647
Creditors: Amounts Falling Due Within One Year (417 )
NET CURRENT ASSETS (LIABILITIES) 3,230
TOTAL ASSETS LESS CURRENT LIABILITIES 161,094
Creditors: Amounts Falling Due After More Than One Year (157,306 )
NET ASSETS 3,788
CAPITAL AND RESERVES
Called up share capital 6 1,000
Profit and Loss Account 2,788
SHAREHOLDERS' FUNDS 3,788
Page 1
Page 2
For the period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 May 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Murali Mohan Besta
Director
19/05/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Muraliswetha Properties Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14887848 . The registered office is 56 Farrow Avenue, Peterborough, Cambridgeshire, PE7 8HT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Reducing Balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
4. Tangible Assets
Total
£
Cost
As at 23 May 2023 -
Additions 3,287
As at 31 May 2024 3,287
Net Book Value
As at 31 May 2024 3,287
As at 23 May 2023 -
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5. Investment Property
31 May 2024
£
Fair Value
As at 23 May 2023 -
Additions 154,577
As at 31 May 2024 154,577
6. Share Capital
31 May 2024
£
Called Up Share Capital not Paid 1,000
Amount of Allotted, Called Up Share Capital 1,000
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