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REGISTERED NUMBER: 11073471 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

PIPAL PROPERTIES LTD

PIPAL PROPERTIES LTD (REGISTERED NUMBER: 11073471)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PIPAL PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2025







DIRECTORS: Mr. B J Kantaria
Mr A B Kantaria





REGISTERED OFFICE: Unit 8, 224 Iverson Road
London
NW6 2HL





REGISTERED NUMBER: 11073471 (England and Wales)






PIPAL PROPERTIES LTD (REGISTERED NUMBER: 11073471)

BALANCE SHEET
31ST MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,526,763 1,526,763

CURRENT ASSETS
Cash at bank 27,513 21,718

CREDITORS
Amounts falling due within one year 5 20,869 13,402
NET CURRENT ASSETS 6,644 8,316
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,533,407

1,535,079

CREDITORS
Amounts falling due after more than one year 6 1,666,694 1,641,110
NET LIABILITIES (133,287 ) (106,031 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (133,387 ) (106,131 )
SHAREHOLDERS' FUNDS (133,287 ) (106,031 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

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 Board of Directors and authorised for issue on 14th July 2025 and were signed on its behalf by:





Mr. B J Kantaria - Director


PIPAL PROPERTIES LTD (REGISTERED NUMBER: 11073471)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025


1. STATUTORY INFORMATION

Pipal Properties 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.

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.

At the year-end, the company balance sheet showed net liabilities of £133,287 (2024: £106,031). These financial statements have been prepared on the going concern basis, which is dependent on the following considerations by the directors:

i) The company has received assurances of ongoing support from its shareholders;

ii) The company has obtained total loans of £1,665,776 from the directors/shareholders and close family members. These loans are unsecured and repayable after more than twelve months from the balance sheet date. The loans have been subordinated in favour of all other creditors of the company;

iii) The directors have reviewed the forecasts for the next twelve months from the date of approval of these financial statements and he is confident that the company will be able to meet its liabilities as and when they fall due and at least for twelve months from the date of approval of these financial statements.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses.

The estimates and assumptions used in the accompanying financial statements are based upon management's evaluation of the relevant facts and circumstances as on the date of the financial statements. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised and in any future periods affected.

Information about estimation uncertainties that may have a significant risk of resulting in a material adjustment within the next financial year are:

Valuation of investment property - freehold investment properties are shown at their fair value at balance sheet date. The investment properties are valued by the directors. Any valuation exercise will involve a number of assumptions and professional judgements and small changes in the assumptions and professional judgements can cause large deviations in the fair values of the investment properties.

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.


PIPAL PROPERTIES LTD (REGISTERED NUMBER: 11073471)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2024
and 31st March 2025 1,526,763
NET BOOK VALUE
At 31st March 2025 1,526,763
At 31st March 2024 1,526,763

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 2,709 2,642
Other creditors 18,160 10,760
20,869 13,402

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 918 3,627
Other creditors 1,665,776 1,637,483
1,666,694 1,641,110

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

(i) Other Creditors include unsecured and subordinated loans of £1,665,776 (2024: £1,637,483) from the Directors,Shareholders and close family members. Interest of £60,370 (2024: £45,604) was paid during the year.

(ii) The investment property is occupied by companies with common directors and shareholders.
Rent received in the year from these companies was £34,500 (2024:£40,000)