Registered number
11556650
SUBHAAYUKTA INVESTMENT LIMITED
Unaudited Filleted Accounts
30 September 2024
TEMPLETONS (HOLDINGS) LIMITED
CHARTERED ACCOUNTANTS
309 HOE STREET
WALTHAMSTOW
LONDON E17 9BG
SUBHAAYUKTA INVESTMENT LIMITED
Registered number: 11556650
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 958,948 785,000
Current assets
Debtors 25,387 138,097
Cash at bank and in hand 4,851 38,044
30,238 176,141
Creditors: amounts falling due within one year (519,515) (511,794)
Net current liabilities (489,277) (335,653)
Total assets less current liabilities 469,671 449,347
Creditors: amounts falling due after more than one year (423,614) (378,264)
Provisions for liabilities (7,878) (7,878)
Net assets 38,179 63,205
Capital and reserves
Called up share capital 10 10
Revaluation reserve 33,586 33,586
Profit and loss account 4,583 29,609
Shareholder's funds 38,179 63,205
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 member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Dr Leena Bhat
Director
Approved by the board on 27 June 2025
SUBHAAYUKTA INVESTMENT LIMITED
Notes to the Accounts
for the year ended 30 September 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 receivable, net of discounts and value added taxes. Turnover includes revenue earned from rental of properties.
Tangible fixed assets
Tangible fixed assets consist of Investment Properties. Investment Properties are revalued at the year end by the company's Director based on open market values.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost/ Valuation
At 1 October 2023 785,000
Additions 173,948
At 30 September 2024 958,948
Depreciation
At 30 September 2024 -
Net book value
At 30 September 2024 958,948
At 30 September 2023 785,000
Freehold land and buildings: 2024 2023
£ £
Historical cost 743,536 743,536
Cumulative depreciation based on historical cost - -
743,536 743,536
The Director is not aware of any material changes in values since the properties were acquired during the year.
4 Debtors 2024 2023
£ £
Solicitor deposit 25,387 138,097
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 6,928 -
Amounts owed to associate company ( see note 8 below) 127,556 141,056
Taxation and social security costs 1,871 1,741
Other creditors 383,160 368,997
519,515 511,794
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 423,614 378,264
The bank loans are secured by mortgages over the assets owned by the company and personal guarantees provided by the director of the company.
7 Revaluation reserve 2024 2023
£ £
At 1 October 2023 33,586 33,586
At 30 September 2024 33,586 33,586
This related to the gain arising on revaluation of the company's Investment properties, as at
30 September 2024 . The valuation was carried out by the company director based on market
values. The director is not aware of any material change in value since the date of the valuation.
8 Related party transactions
At the year end , S Bhat Limited, a company which is under common ownership with Subhaayukta Investment Limited , was owed £127,556 (2023 - 141,056 ) from Subhaayukta Investment Limited and is disclosed under amout due to associate company in note 5 above.
9 Controlling party
The company was controlled by Dr Leena Bhat, a director and shareholder of the company throughout the year.
10 Other information
SUBHAAYUKTA INVESTMENT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
309 Hoe Street
Walthamstow
London
E17 9BG
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