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REGISTERED NUMBER: 11595652 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 September 2024

for

K Sandhu Developments Ltd

K Sandhu Developments Ltd (Registered number: 11595652)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


K Sandhu Developments Ltd (Registered number: 11595652)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 549 662
Investment property 5 620,188 620,188
620,737 620,850

CURRENT ASSETS
Cash at bank 21,741 13,019

CREDITORS
Amounts falling due within one year 6 101,319 99,912
NET CURRENT LIABILITIES (79,578 ) (86,893 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

541,159

533,957

CREDITORS
Amounts falling due after more than one
year

7

(324,034

)

(330,000

)

PROVISIONS FOR LIABILITIES (41,957 ) (41,957 )
NET ASSETS 175,168 162,000

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 9 125,870 125,870
Retained earnings 49,297 36,129
SHAREHOLDERS' FUNDS 175,168 162,000

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 18 June 2025 and were signed by:





K S Sandhu - Director


K Sandhu Developments Ltd (Registered number: 11595652)

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

1. STATUTORY INFORMATION

K Sandhu Developments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11595652

Registered office: 39 Brookside Road
Breadsall
Derby
Derbyshire
DE21 5LF

The presentation currency of the financial statements is the Pound Sterling (£).


2. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% 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.

Financial assets and liabilities
Short term debtors are measured at transaction price, less any impairment.

Short term creditors are measured at transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

K Sandhu Developments Ltd (Registered number: 11595652)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 1,138
DEPRECIATION
At 1 October 2023 476
Charge for year 113
At 30 September 2024 589
NET BOOK VALUE
At 30 September 2024 549
At 30 September 2023 662

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 620,188
NET BOOK VALUE
At 30 September 2024 620,188
At 30 September 2023 620,188

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2022 167,827
Cost 452,361
620,188

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 452,361 452,361

Investment properties were valued on a fair value basis basis on 30 September 2024 by the director .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,000 6,000
Taxation and social security 3,232 3,297
Other creditors 92,087 90,615
101,319 99,912

K Sandhu Developments Ltd (Registered number: 11595652)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 24,000 30,000
Trade creditors 34 -
Other creditors 300,000 300,000
324,034 330,000

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 300,000 300,000

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 300,000 300,000

The bank loans are secured by floating charges covering the properties of the company.

9. RESERVES
Revaluation
reserve
£   
At 1 October 2023
and 30 September 2024 125,870