2023-11-01 2024-10-31 10995711 Agaram Properties Ltd false 10995711 2023-11-01 2024-10-31 10995711 uk-bus:Director1 2023-11-01 2024-10-31 10995711 uk-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 10995711 uk-bus:SmallEntities 2023-11-01 2024-10-31 10995711 uk-bus:FullAccounts 2023-11-01 2024-10-31 10995711 uk-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 10995711 2023-11-01 10995711 2024-10-31 10995711 2023-10-31 xbrli:pure iso4217:GBP 10995711 2022-11-01 2023-10-31
Company Registration Number : 10995711 (England and Wales)
10995711
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-10-31
false
Agaram Properties Ltd
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-11-01
Agaram Properties Ltd
Unaudited filleted financial statements
For the year ended 31 October 2024
Agaram Properties Ltd
Contents
For the year ended 31 October 2024

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


Agaram Properties Ltd
Company Information
For the year ended 31 October 2024

Company registration number 10995711 (England and Wales)
Directors Mythili Krishnaraj
Krishnaraj Selvaraj
Registered office address 60 Redlands Road
Reading, Berkshire
United Kingdom
RG1 5HU
Accountant DNS Associates
Chartered Accountants
382 Kenton Road
Harrow, Middlesex
HA3 8DP
Agaram Properties Ltd
Statement of Financial Position
For the year ended 31 October 2024

2024 2023
Notes £ £
Fixed assets
Property, plant and equipment 1,148 -
Investment Property 1,496,250 1,425,000
5 1,497,398 1,425,000
Current assets
Debtors 487 242
Cash and cash equivalents 22,921 28,135
23,409 28,377
Current liabilities
Creditors: Amounts falling due within one year (311,564) (311,559)
Corporation tax payable - (43)
(311,564) (311,603)
Net current (liabilities)/assets (288,155) (283,225)
Total assets less current liabilities 1,209,243 1,141,775
Non-current liabilities
Creditors: Amounts falling due after more than one year (1,000,774) (1,000,774)
Provisions for liabilities (41,848) (26,717)
Net assets/(liabilities) 166,621 114,284
Capital and reserves
Called up share capital 200 200
Retained earnings 166,421 114,084
Shareholders' funds 166,621 114,284
For the year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 05 June 2025
.............................
Mythili Krishnaraj (Director)
Company registration number: 10995711
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-10-31 31 October 2024
2024 2023
£ £
Fixed Assets 1,497,398 1,425,000
Current Assets 22,921 28,135
Prepayments and accrued income 487 242
Creditors: amounts falling due within one year (311,564) (311,603)
Net current assets/(liabilities) (288,155) (283,225)
Total assets less current liabilities 1,209,243 1,141,775
CREDITORS: Amounts falling due more than one year (1,000,774) (1,000,774)
Provisions for liabilities (41,848) (26,717)
Net Assets/(liabilities) 166,621 114,284
Capital and Reserves 166,621 114,284
For the year ending 31/10/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. For the year ending 31-10-2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year 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 accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 05 June 2025 2025-06-05 and signed on behalf of the board,
.............................
Mythili Krishnaraj
Director
Company registration number: 10995711
Agaram Properties Ltd
Notes to the Financial Statements
For the year ended 31 October 2024

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 60 Redlands Road, Reading, Berkshire, United Kingdom, RG1 5HU.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Rental income
Rental income from operating leases are recognised on a straight-line basis over the term of the relevant lease. Rental Income is included within other income from fixed assets.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings
Equipment33% straight line
Motor Cars
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred Tax
A deferred tax asset or liability is recognised for tax recoverable or payable in future periods in respect of transactions and events recognised in the financial statements of current and previous periods.

Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. Timing differences result from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is recognised on all timing differences at the reporting date apart from certain exceptions. Unrelieved tax losses and other deferred tax assets are only 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 liabilities and assets are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

(4) Employees
During the year, the average number of employees including director was 0 (2023 : 0).

(5) Fixed assets
Tangible

£
Investments
Property
£
Totals

£
Cost
As at 01 November 2023-1,425,0001,425,000
Additions1,291-1,291
Revaluation-71,25071,250
As at 31 October 20241,2911,496,2501,497,541
Depreciation/Amortisation
For the year143-143
As at 31 October 2024143-143
Net book value
As at 31 October 20241,1481,496,2501,497,398
As at 31 October 2023-1,425,0001,425,000

(6) Investment Properties
These financial statements for the year ended 31 October 2024 are the financial statements of the company prepared in accordance with FRS 102 1a "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
The property is being measured at fair value under FRS 102 1a, and fair value gains of £71,250 are reported in profit or loss. FRS 102 1a also requires deferred tax to be accounted for on assets subject to revaluation". Deferred tax is recognized during the year, amounting to £15,131.

(7) Creditors > 1 year (Bank loans)
The mortgage loans are secured by the Investment properties held by the company.