07781757false holding of investment properties.2023-10-012024-09-30http://www.companieshouse.gov.uk/2023-09-30http://www.companieshouse.gov.uk/pt:ShareCapital2023-09-30http://www.companieshouse.gov.uk/cd:Director12023-10-012024-09-30http://www.companieshouse.gov.uk/pt:ShareCapital2024-09-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-10-012024-09-30http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-10-012024-09-30http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-10-012024-09-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-09-30http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-09-30http://www.companieshouse.gov.uk/2023-10-012024-09-30http://www.companieshouse.gov.uk/2023-09-30http://www.companieshouse.gov.uk/cd:FRS1022023-10-012024-09-30http://www.companieshouse.gov.uk/2024-09-30http://www.companieshouse.gov.uk/cd:FullAccounts2023-10-012024-09-30http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-10-012024-09-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 07781757

Sekhon Property Ltd

UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Prepared By:
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU

Sekhon Property Ltd

ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
DIRECTORS
Manjit Singh Sekhon
REGISTERED OFFICE
50 Parkwood Road
Isleworth
Miiddlesex
TW7 5HA
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07781757
ACCOUNTANTS
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU

Sekhon Property Ltd

ACCOUNTS
FOR THEYEARENDED30 SEPTEMBER 2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Sekhon Property Ltd

BALANCE SHEET AT 30 September 2024
20242023
Notes££
FIXED ASSETS
Tangible assets3950,000610,203
CURRENT ASSETS
Cash at bank and in hand21,34817,973
21,34817,973
CREDITORS: Amounts falling due within one year4200,339144,744
NET CURRENT LIABILITIES(178,991)(126,771)
TOTAL ASSETS LESS CURRENT LIABILITIES771,009483,432
CREDITORS: Amounts falling due after more than one year5131,159209,292
PROVISIONS FOR LIABILITIES AND CHARGES684,949-
NET ASSETS554,901274,140
CAPITAL AND RESERVES
Called up share capital7100100
Revaluation reserve1e,8254,848-
Profit and loss account299,953274,040
SHAREHOLDERS' FUNDS554,901274,140
For the year ending 30 September 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 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 4 June 2025 and signed on their behalf by
.............................
Manjit Singh Sekhon
Director

Sekhon Property Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Investment Properties
Investment properties are included in the financial statements at fair value. Gains and losses on remeasurement of fair value are recognised in the Statement of comprehensive income, within Other operating income.
1c. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities 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.
1d. Turnover
Turnover represents the total value of rental income receivable during the year. The total turnover of the company for the year has been derived from this activity wholly undertaken in the UK.
1e. Revaluation Reserve
Net gains less related deferred tax on remeasurement of fair value of investment property at the year end, are included in a non-distributable reserve, Investment property revaluation reserve.
1f. Statutory Information
Sekhon Property Ltd is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 07781757 and registered office address is 50 Parkwood Road, Isleworth, Middlesex, TW7 5HA.

Sekhon Property Ltd

1g. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loan to related parties and investments.
2. EMPLOYEES
20242023
No.No.
Average number of employees--
3. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 1 October 2023610,203610,203
Revaluation339,797339,797
At 30 September 2024950,000950,000
The investment properties are stated at fair value at the balance sheet date.
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Taxation and social security 6,0785,058
Directors current account183,317130,117
Bank Loan6,1006,100
Other creditors3,3262,101
Accruals1,5181,368
200,339144,744

Sekhon Property Ltd

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (secured) >1yr131,159209,292
131,159209,292
6. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation84,949-
84,949-
Deferred tax relates to the increase in fair value of investment property.
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1.00 each100100
100100
8. REVALUATION RESERVE 20242023
££
Investment property revaluation reserve254,848-
254,848-