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Company registration number: 05639119
PKR Properties Limited
Unaudited abridged financial statements
30 November 2024
PKR Properties Limited
Contents
Directors and other information
Directors report
Accountant's report
Statement of income and retained earnings
Abridged statement of financial position
Notes to the financial statements
PKR Properties Limited
Directors and other information
Directors Mr Mahendra Khimji Raja
Ms Sital Raja Arjan (Appointed 20 August 2024)
Secretary Nilendra Pratap Raja
Company number 05639119
Registered office 56 Chorley New Road
Bolton
BL1 4AP
Business address 56 Chorley New Road
Bolton
Lancashire
BL1 4AP
Accountant Suryakant Mehta.CA
10 Park Lodge
Cheadle
Cheshire
SK8 1HU
Bankers Yorkshire Bank
The Chancery
Spring Gardens
Manchester
M2 1YB
PKR Properties Limited
Directors report
Year ended 30 November 2024
The directors present their report and the unaudited financial statements of the company for the year ended 30 November 2024.
Directors
The directors who served the company during the year were as follows:
Mr Mahendra Khimji Raja
Ms Sital Raja Arjan (Appointed 20 August 2024)
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 29 May 2025 and signed on behalf of the board by:
Mr Mahendra Khimji Raja
Director
PKR Properties Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of PKR Properties Limited
Year ended 30 November 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of PKR Properties Limited for the year ended 30 November 2024 which comprise the statement of income and retained earnings, abridged statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of ICAS , I am subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of PKR Properties Limited, as a body, in accordance with the terms of my engagement letter dated 1 November 2024. My work has been undertaken solely to prepare for your approval the financial statements of PKR Properties Limited and state those matters that we have agreed to state to the board of directors of PKR Properties Limited as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than PKR Properties Limited and its board of directors as a body for my work or for this report.
It is your duty to ensure that PKR Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of PKR Properties Limited. You consider that PKR Properties Limited is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of PKR Properties Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Suryakant Mehta.CA
Chartered Accountant
10 Park Lodge
Cheadle
Cheshire
SK8 1HU
29 May 2025
PKR Properties Limited
Statement of income and retained earnings
Year ended 30 November 2024
2024 2023
Note £ £
Turnover 207,561 173,454
Cost of sales - -
Administrative expenses ( 120,001) ( 123,636)
_________ _________
Operating profit 87,560 49,818
Profit before taxation 4 87,560 49,818
Tax on profit ( 19,588) ( 9,606)
_________ _________
Profit for the financial year and total comprehensive income 67,972 40,212
_________ _________
Retained earnings at the start of the year 116,650 76,438
_________ _________
Retained earnings at the end of the year 184,622 116,650
_________ _________
All the activities of the company are from continuing operations.
PKR Properties Limited
Abridged statement of financial position
30 November 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 3,773,070 3,773,635
_________ _________
3,773,070 3,773,635
Current assets
Debtors 522,551 452,715
Cash at bank and in hand 13,546 28,345
_________ _________
536,097 481,060
Creditors: amounts falling due
within one year ( 74,029) (96,640)
_________ _________
Net current assets/(liabilities) 462,068 384,420
_________ _________
Total assets less current liabilities 4,235,138 4,158,055
Creditors: amounts falling due
after more than one year ( 3,141,766) (3,132,655)
_________ _________
Net assets 1,093,372 1,025,400
_________ _________
Capital and reserves
Called up share capital 908,750 908,750
Profit and loss account 184,622 116,650
_________ _________
Shareholders funds 1,093,372 1,025,400
_________ _________
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
All of the members have consented to the preparation of the abridged statement of financial position for the current year ending 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 29 May 2025 , and are signed on behalf of the board by:
Mr Mahendra Khimji Raja
Director
Company registration number: 05639119
PKR Properties Limited
Notes to the financial statements
Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 56 Chorley New Road, Bolton, BL1 4AP.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 15 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Profit before taxation
Profit before taxation is stated after charging/(crediting):
2024 2023
£ £
Depreciation of tangible assets 565 665
_________ _________
5. Tangible assets
£
Cost
At 1 December 2023 and 30 November 2024 3,788,903
_________
Depreciation
At 1 December 2023 15,268
Charge for the year 565
_________
At 30 November 2024 15,833
_________
Carrying amount
At 30 November 2024 3,773,070
_________
At 30 November 2023 3,773,635
_________
6. Directors advances, credits and guarantees
Balance brought forward and o/standing Balance brought forward and o/standing
2024 2023
£ £
Mr Mahendra Khimji Raja 705 705
_________ _________