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REGISTERED NUMBER: 11616733 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

GURU PROPERTIES LIMITED

GURU PROPERTIES LIMITED (REGISTERED NUMBER: 11616733)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31ST OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GURU PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 31ST OCTOBER 2024







DIRECTOR: M D E Bayntun





REGISTERED OFFICE: 146-148 Newington Butts
S L S
London
SE11 4RN





REGISTERED NUMBER: 11616733 (England and Wales)





ACCOUNTANTS: Underwood Barron LLP
Monks Brook House
13 - 17 Hursley Road
Chandlers Ford
Eastleigh
Hampshire
SO53 2FW

GURU PROPERTIES LIMITED (REGISTERED NUMBER: 11616733)

BALANCE SHEET
31ST OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 4,180
Investment property 5 3,265,000 3,320,000
3,265,000 3,324,180

CURRENT ASSETS
Debtors 6 206,708 204,850
Cash at bank 2,446 16,368
209,154 221,218
CREDITORS
Amounts falling due within one year 7 78,441 87,161
NET CURRENT ASSETS 130,713 134,057
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,395,713

3,458,237

CREDITORS
Amounts falling due after more than one year 8 (2,482,843 ) (2,571,760 )

PROVISIONS FOR LIABILITIES (50,825 ) (41,035 )
NET ASSETS 862,045 845,442

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 633,070 698,905
Retained earnings 228,875 146,437
862,045 845,442

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

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

The director acknowledges his 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.

GURU PROPERTIES LIMITED (REGISTERED NUMBER: 11616733)

BALANCE SHEET - continued
31ST OCTOBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28th July 2025 and were signed by:





M D E Bayntun - Director


GURU PROPERTIES LIMITED (REGISTERED NUMBER: 11616733)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31ST OCTOBER 2024

1. STATUTORY INFORMATION

Guru Properties Limited 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 as modified by the revaluation of certain assets.

Changes in accounting policies
The company has restated its 2019 financial statements as a result of changing from standard FRS105 to standard FRS102 1A. However this change has not resulted in any restatement of the amounts shown in the financial statements.

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.
Plant and machinery etc - 25% on cost

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.

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 (2023 - NIL).

GURU PROPERTIES LIMITED (REGISTERED NUMBER: 11616733)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST OCTOBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2023
and 31st October 2024 106,603
DEPRECIATION
At 1st November 2023 102,423
Charge for year 4,180
At 31st October 2024 106,603
NET BOOK VALUE
At 31st October 2024 -
At 31st October 2023 4,180

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2023 3,320,000
Revaluations (55,000 )
At 31st October 2024 3,265,000
NET BOOK VALUE
At 31st October 2024 3,265,000
At 31st October 2023 3,320,000

Fair value at 31st October 2024 is represented by:
£   
Valuation in 2020 647,569
Valuation in 2021 15,318
Valuation in 2022 51,008
Valuation in 2023 25,000
Valuation in 2024 (55,000 )
Cost 2,581,105
3,265,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.10.24 31.10.23
£    £   
Cost 2,581,105 2,581,105
Aggregate depreciation (256,942 ) (205,320 )

investment properties were valued on an open market value basis on 31st October 2024 by the directors of the company .

GURU PROPERTIES LIMITED (REGISTERED NUMBER: 11616733)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST OCTOBER 2024

6. DEBTORS
31.10.24 31.10.23
£    £   
Amounts falling due within one year:
Trade debtors 4,150 3,772
Other debtors 8,826 7,346
12,976 11,118

Amounts falling due after more than one year:
Amounts owed by associates 193,732 193,732

Aggregate amounts 206,708 204,850

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 40,196 41,000
Trade creditors - 2
Amounts owed to associates 4,502 4,502
Taxation and social security 1,236 1,303
Other creditors 32,507 40,354
78,441 87,161

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans 1,492,240 1,531,055
Amounts owed to associates 979,608 1,027,608
Other creditors 10,995 13,097
2,482,843 2,571,760

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,331,455 1,367,054
Other loans more 5yrs instal 2,647 4,936
1,334,102 1,371,990

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Bank loans 1,532,436 1,572,055

GURU PROPERTIES LIMITED (REGISTERED NUMBER: 11616733)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST OCTOBER 2024

10. RESERVES
Fair
value
reserve
£   
At 1st November 2023 698,905
Transfer between reserves (65,835 )

At 31st October 2024 633,070

11. SECURED BORROWING

The company restructured its banking facilities in February 2021 and from that date has borrowings which are secured on the company's investment properties.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.10.24 31.10.23
£    £   
M D E Bayntun
Balance outstanding at start of year (900 ) (477 )
Amounts advanced 1,925 -
Amounts repaid (423 ) (423 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 602 (900 )

The company has made advances to the directors. The agreed terms are that the advances are repayable on demand and interest is to be charged on the advances at the official rate where the balance exceeds £10,000 at any time during the year.

Interest of £Nil (2023: £nil) has been charged during the year.