IRIS Accounts Production v25.1.3.33 09104890 director 31.3.23 30.3.24 30.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh091048902023-03-30091048902024-03-30091048902023-03-312024-03-30091048902022-03-30091048902022-03-312023-03-30091048902023-03-3009104890ns15:EnglandWales2023-03-312024-03-3009104890ns14:PoundSterling2023-03-312024-03-3009104890ns10:Director12023-03-312024-03-3009104890ns10:PrivateLimitedCompanyLtd2023-03-312024-03-3009104890ns10:SmallEntities2023-03-312024-03-3009104890ns10:AuditExempt-NoAccountantsReport2023-03-312024-03-3009104890ns10:SmallCompaniesRegimeForDirectorsReport2023-03-312024-03-3009104890ns10:SmallCompaniesRegimeForAccounts2023-03-312024-03-3009104890ns10:FullAccounts2023-03-312024-03-3009104890ns10:RegisteredOffice2023-03-312024-03-3009104890ns5:CurrentFinancialInstruments2024-03-3009104890ns5:CurrentFinancialInstruments2023-03-3009104890ns5:Non-currentFinancialInstruments2024-03-3009104890ns5:Non-currentFinancialInstruments2023-03-3009104890ns5:ShareCapital2024-03-3009104890ns5:ShareCapital2023-03-3009104890ns5:FurtherSpecificReserve1ComponentTotalEquity2024-03-3009104890ns5:FurtherSpecificReserve1ComponentTotalEquity2023-03-3009104890ns5:FurtherSpecificReserve3ComponentTotalEquity2024-03-3009104890ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-3009104890ns5:RetainedEarningsAccumulatedLosses2024-03-3009104890ns5:RetainedEarningsAccumulatedLosses2023-03-3009104890ns5:FurnitureFittings2023-03-312024-03-3009104890ns5:MotorVehicles2023-03-312024-03-3009104890ns5:FurnitureFittings2023-03-3009104890ns5:MotorVehicles2023-03-3009104890ns5:FurnitureFittings2024-03-3009104890ns5:MotorVehicles2024-03-3009104890ns5:FurnitureFittings2023-03-3009104890ns5:MotorVehicles2023-03-3009104890ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3009104890ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3009104890ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-03-3009104890ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-03-3009104890ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3009104890ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3009104890ns5:Secured2024-03-3009104890ns5:Secured2023-03-30
REGISTERED NUMBER: 09104890 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 March 2024

for

Annika Properties Ltd

Annika Properties Ltd (Registered number: 09104890)






Contents of the Financial Statements
for the Year Ended 30 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Annika Properties Ltd

Company Information
for the Year Ended 30 March 2024







DIRECTOR: R Khanna





REGISTERED OFFICE: Regus Harrow
79 College Road
Harrow
HA1 1BD





REGISTERED NUMBER: 09104890 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Wynyard Business Park
Wynyard Avenue
Billingham
Cleveland
TS22 5TB

Annika Properties Ltd (Registered number: 09104890)

Balance Sheet
30 March 2024

2024 2023
Notes £    £   
Fixed assets
Tangible assets 3 29,098 10,253
Investment property 4 13,205,045 10,809,109
13,234,143 10,819,362

Current assets
Debtors 5 916,881 591,148
Cash at bank 1,329,013 355,086
2,245,894 946,234
Creditors
Amounts falling due within one year 6 (3,393,481 ) (2,820,754 )
Net current liabilities (1,147,587 ) (1,874,520 )
Total assets less current liabilities 12,086,556 8,944,842

Creditors
Amounts falling due after more than one year 7 (10,800,698 ) (9,182,467 )

Provisions for liabilities (267,556 ) -
Net assets/(liabilities) 1,018,302 (237,625 )

Capital and reserves
Called up share capital 1 1
Other reserves (50,588 ) (50,588 )
Fair value reserve 10 1,046,570 -
Retained earnings 22,319 (187,038 )
1,018,302 (237,625 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Annika Properties Ltd (Registered number: 09104890)

Balance Sheet - continued
30 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 June 2025 and were signed by:





R Khanna - Director


Annika Properties Ltd (Registered number: 09104890)

Notes to the Financial Statements
for the Year Ended 30 March 2024

1. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

GOING CONCERN
The financial statements have been prepared on a going concern basis, the director believes this assumption to be appropriate based on the continuing financial support of the company`s director and loan provider.

If the going concern basis was not appropriate, adjustments would have to be made to restate the value of the assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Annika Properties Ltd (Registered number: 09104890)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2024

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

3. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 31 March 2023 2,098 21,367 23,465
Additions 550 27,995 28,545
At 30 March 2024 2,648 49,362 52,010
DEPRECIATION
At 31 March 2023 1,290 11,922 13,212
Charge for year 340 9,360 9,700
At 30 March 2024 1,630 21,282 22,912
NET BOOK VALUE
At 30 March 2024 1,018 28,080 29,098
At 30 March 2023 808 9,445 10,253

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 March 2023 10,809,109
Additions 1,684,420
Disposals (602,610 )
Revaluations 1,314,126
At 30 March 2024 13,205,045
NET BOOK VALUE
At 30 March 2024 13,205,045
At 30 March 2023 10,809,109

Fair value at 30 March 2024 is represented by:
£   
Valuation in 2024 1,314,126
Cost 11,890,919
13,205,045

Annika Properties Ltd (Registered number: 09104890)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 915,290 520,249
VAT 1,591 70,899
916,881 591,148

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 5,925 5,723
Hire purchase contracts 22,511 -
Trade creditors 12,766 18,172
Corporation tax 12,445 -
Social security and other tax 8,077 6,059
Other creditors 198,133 104,031
Net wages 6,566 -
Directors' current accounts 3,124,662 2,684,644
Accrued expenses 2,396 2,125
3,393,481 2,820,754

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 28,331 34,092
Other loans (see note 8) 10,772,367 9,148,375
10,800,698 9,182,467

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,097 9,716
Other loans more 5yrs instal 10,772,367 9,148,375
10,775,464 9,158,091

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,925 5,723

Annika Properties Ltd (Registered number: 09104890)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2024

8. LOANS - continued
2024 2023
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 6,074 5,868

Amounts falling due between two and five years:
Bank loans - 2-5 years 19,160 18,508

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,097 9,716
Other loans more 5yrs instal 10,772,367 9,148,375
10,775,464 9,158,091

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 34,256 39,815

10. RESERVES
Fair
value
reserve
£   
Fair value reserve revaluation
of tangible asset 1,046,570

At 30 March 2024 1,046,570