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REGISTERED NUMBER: 09847182 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

SURGE INVESTMENTS LTD

SURGE INVESTMENTS LTD (REGISTERED NUMBER: 09847182)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SURGE INVESTMENTS LTD

Company Information
for the year ended 31 March 2024







Directors: Mr V K Sethi
Mrs A Sethi
Miss S A Sethi





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 09847182 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

SURGE INVESTMENTS LTD (REGISTERED NUMBER: 09847182)

Statement of Financial Position
31 March 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 2,477 3,096
Investment property 5 1,170,000 1,170,000
1,172,477 1,173,096

Current assets
Debtors 6 507 1,441
Cash at bank 33 880
540 2,321
Creditors
Amounts falling due within one year 7 180,608 184,389
Net current liabilities (180,068 ) (182,068 )
Total assets less current liabilities 992,409 991,028

Creditors
Amounts falling due after more than one
year

8

(788,968

)

(791,114

)

Provisions for liabilities 9 (26,623 ) (26,740 )
Net assets 176,818 173,174

Capital and reserves
Called up share capital 10 100 100
Revaluation reserve 11 172,351 172,351
Retained earnings 4,367 723
Shareholders' funds 176,818 173,174

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

SURGE INVESTMENTS LTD (REGISTERED NUMBER: 09847182)

Statement of Financial Position - continued
31 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:





Mr V K Sethi - Director


SURGE INVESTMENTS LTD (REGISTERED NUMBER: 09847182)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

Surge Investments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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 - 20% 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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. Employees and directors

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

SURGE INVESTMENTS LTD (REGISTERED NUMBER: 09847182)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


4. Tangible fixed assets
Fixtures
and
fittings
£
Cost
At 1 April 2023
and 31 March 2024 13,658
Depreciation
At 1 April 2023 10,562
Charge for year 619
At 31 March 2024 11,181
Net book value
At 31 March 2024 2,477
At 31 March 2023 3,096

5. Investment property
Total
£
Fair value
At 1 April 2023
and 31 March 2024 1,170,000
Net book value
At 31 March 2024 1,170,000
At 31 March 2023 1,170,000

The directors fair value of the properties as at 31st March 2024 amounts to £1,170,000.

Fair value at 31 March 2024 is represented by:
£
Valuation in 2017 102,611
Valuation in 2021 95,892
Cost 971,497
1,170,000

6. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 93 -
Other debtors 414 1,441
507 1,441

SURGE INVESTMENTS LTD (REGISTERED NUMBER: 09847182)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 2,176 2,176
Trade creditors - 3,742
Taxation and social security 6,591 7,386
Other creditors 171,841 171,085
180,608 184,389

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 3,433 5,579
Other creditors 785,535 785,535
788,968 791,114

9. Provisions for liabilities
2024 2023
£ £
Deferred tax 26,623 26,740

Deferred tax
£
Balance at 1 April 2023 26,740
Provided during year (117 )
Balance at 31 March 2024 26,623

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
20 Ordinary A £1 20 20
20 Ordinary B £1 20 20
20 Ordinary C £1 20 20
20 Ordinary D £1 20 20
20 Ordinary E £1 20 20
100 100

11. Reserves
Revaluation
reserve
£
At 1 April 2023
and 31 March 2024 172,351

SURGE INVESTMENTS LTD (REGISTERED NUMBER: 09847182)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


12. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£ £
Mr V K Sethi
Balance outstanding at start of year (953,820 ) (947,033 )
Amounts advanced 46,050 43,505
Amounts repaid (46,507 ) (50,292 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (954,277 ) (953,820 )