Registered number
SC678018
AKAI PROPERTY LTD
2 Deaconsgrange Road
Glasgow
Filleted Accounts
for the year ended 31 October 2024
Yousaf & Co Ltd
Chartered Certified Accountants
298-300 Maxwell Road
Glasgow
G41 1PJ
Ref: A388/TG
AKAI PROPERTY LTD
Registered number: SC678018
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 513,667 -
Current assets
Cash at bank and in hand 6,967 2
Creditors: amounts falling due within one year 4 (840) -
Net current assets 6,127 2
Total assets less current liabilities 519,794 2
Creditors: amounts falling due after more than one year 5 (541,252) -
Net (liabilities)/assets (21,458) 2
Capital and reserves
Called up share capital 2 2
Profit and loss account (21,460) -
Shareholders' funds (21,458) 2
The director is 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 director acknowledges his 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 Kashief Anwar
Director
Approved by the board on 9 June 2025
AKAI PROPERTY LTD
Notes to the Accounts
for the year ended 31 October 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 rental income from real estates/investments.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 10% Reducing balance
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
Additions 513,667
At 31 October 2024 513,667
Net book value
At 31 October 2024 513,667
4 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 840 -
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 401,813 -
Directors loan account 139,439 -
541,252 -
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