Registered number
10223555
SEHAJPAL PROPERTIES LIMITED
Filleted Accounts
30 June 2024
SEHAJPAL PROPERTIES LIMITED
Registered number: 10223555
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 2,191,703 2,191,703
Current assets
Debtors 4 27,279 -
Cash at bank and in hand 9,180 1,498
36,459 1,498
Creditors: amounts falling due within one year 5 (54,283) (45,594)
Net current liabilities (17,824) (44,096)
Total assets less current liabilities 2,173,879 2,147,607
Creditors: amounts falling due after more than one year 6 (2,088,816) (2,063,417)
Net assets 85,063 84,190
Capital and reserves
Called up share capital 100 100
Profit and loss account 84,963 84,090
Shareholders' funds 85,063 84,190
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 Piara Singh Sehajpal
Director
Approved by the board on 27 June 2025
SEHAJPAL PROPERTIES LIMITED
Notes to the Accounts
for the year ended 30 June 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 earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment Property
Investment Property is shown at most recent valuation. Any aggregate surplus of deficit arising from changes in fair values is recognised in profit or loss.
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.
Going concern
The financial statements have been prepared on a going concern basis in view of the fact that the directors have indicated that they will provide sufficient funding to the company to enable it to meet its liabilities as they fall due, for at least the next twelve months.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investments
Other
investments
£
Cost
At 1 July 2023 2,191,703
At 30 June 2024 2,191,703
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 27,279 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 27,806 36,247
Other creditors 26,477 9,347
54,283 45,594
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 275,755 280,684
Other creditors 1,813,061 1,782,733
2,088,816 2,063,417
7 Other information
SEHAJPAL PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
C/o Argyle House
3rd Floor, Northside
Joel Street, Northwood Hills
Middlesex
HA6 1NW
SEHAJPAL PROPERTIES LIMITED 10223555 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts July 2024 Mr Piara Singh Sehajpal No description of principal activity 10223555 2022-07-01 2023-06-30 10223555 core:WithinOneYear 2023-06-30 10223555 core:AfterOneYear 2023-06-30 10223555 core:ShareCapital 2023-06-30 10223555 core:RetainedEarningsAccumulatedLosses 2023-06-30 10223555 2023-07-01 2024-06-30 10223555 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10223555 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10223555 bus:Director40 2023-07-01 2024-06-30 10223555 1 2023-07-01 2024-06-30 10223555 2 2023-07-01 2024-06-30 10223555 countries:England 2023-07-01 2024-06-30 10223555 bus:FRS102 2023-07-01 2024-06-30 10223555 bus:FilletedAccounts 2023-07-01 2024-06-30 10223555 2024-06-30 10223555 core:WithinOneYear 2024-06-30 10223555 core:AfterOneYear 2024-06-30 10223555 core:ShareCapital 2024-06-30 10223555 core:RetainedEarningsAccumulatedLosses 2024-06-30 10223555 2023-06-30 iso4217:GBP xbrli:pure