Registered number
05242321
Aarti Properties Limited
Filleted Accounts
31 December 2024
Aarti Properties Limited
Registered number: 05242321
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 2,018,206 2,018,206
Current assets
Debtors 4 1,300 -
Cash at bank and in hand 33,311 81,311
34,611 81,311
Creditors: amounts falling due within one year 5 (79,131) (62,283)
Net current (liabilities)/assets (44,520) 19,028
Total assets less current liabilities 1,973,686 2,037,234
Creditors: amounts falling due after more than one year 6 (1,732,896) (1,821,326)
Net assets 240,790 215,908
Capital and reserves
Called up share capital 90 90
Profit and loss account 240,700 215,818
Shareholders' funds 240,790 215,908
The directors are 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 directors acknowledge their 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.
Mr Dhirendra N Shah
Director
Approved by the board on 10 June 2025
Aarti Properties Limited
Notes to the Accounts
for the year ended 31 December 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. Turnover includes revenue received from renting of the company's investment properties. Turnover from the renting of property is recognised by reference of the terms of the agreement or lease granted to the occupier.
Investment property
Investment properties are held to earn rental income and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on a ongoing basis are measured at a fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit or loss in the period in which they arise.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 2
3 Investments Investment
property
£
Cost
At 1 January 2024 2,018,206
At 31 December 2024 2,018,206
4 Debtors 2024 2023
£ £
Other debtors 1,300 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Rent received in advance 6,250 8,750
Taxation and social security costs 6,761 9,741
Other creditors 66,120 43,792
79,131 62,283
6 Creditors: amounts falling due after one year 2024 2023
£ £
Director's loan account 580,296 728,726
Other creditors 1,152,600 1,092,600
1,732,896 1,821,326
7 Related party transactions
Included in other creditors is the amount of £310,000 due to Aarti Sarees Ltd by virtue of common directorship and in which the directors holds a material interest. There are no terms as to interest or repayment in respect of this amount.
8 Other information
Aarti Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
22 South Road
Southall
Middlesex
UB1 1RT
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