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Registration number: 10552519

BEK Sangha Ltd

Annual Report and Financial Statements

for the Year Ended 31 January 2025

 

BEK Sangha Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

BEK Sangha Ltd

Company registration number: 10552519
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

145

194

Investment property

5

620,000

530,000

 

620,145

530,194

Current assets

 

Cash at bank and in hand

 

9,755

5,686

Creditors: Amounts falling due within one year

6

(330,260)

(329,844)

Net current liabilities

 

(320,505)

(324,158)

Total assets less current liabilities

 

299,640

206,036

Provisions for liabilities

(68,745)

(46,254)

Net assets

 

230,895

159,782

Capital and reserves

 

Retained earnings

230,895

159,782

Shareholders' funds

 

230,895

159,782

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 July 2025 and signed on its behalf by:
 

 

BEK Sangha Ltd

Company registration number: 10552519
Balance Sheet as at 31 January 2025 (continued)

.........................................
Mr B S Sangha
Director

 

BEK Sangha Ltd

Notes to the Unaudited Financial Statements for the
Year Ended 31 January 2025

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
3 North Street
Oadby
LEICESTER
LE2 5AH

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime). In the previous period the accounts were prepared in accordance with Financial Reporting Standard 105, and the comparative figures have been restated to reflect this change.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover represents gross rental income.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

BEK Sangha Ltd

Notes to the Unaudited Financial Statements for the
Year Ended 31 January 2025 (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

25% per annum based on net book amount

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable properties. Changes in fair value are recognised in profit or loss. Valuations are made by the directors with reference to independent agents.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

 

BEK Sangha Ltd

Notes to the Unaudited Financial Statements for the
Year Ended 31 January 2025 (continued)

4

Tangible assets

Equipment
 £

Total
£

Cost or valuation

At 1 February 2024

460

460

At 31 January 2025

460

460

Depreciation

At 1 February 2024

266

266

Charge for the year

49

49

At 31 January 2025

315

315

Carrying amount

At 31 January 2025

145

145

At 31 January 2024

194

194

5

Investment properties

2025
£

At 1 February

530,000

Fair value adjustments

90,000

At 31 January

620,000

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Directors' loan account

326,956

327,756

Taxation

1,327

112

Other creditors

1,977

1,976

330,260

329,844