Company Registration No. 13264938 (England and Wales)
V PATEL PROPERTIES LIMITED
Unaudited accounts
for the year ended 31 March 2025
V PATEL PROPERTIES LIMITED
Unaudited accounts
Contents
V PATEL PROPERTIES LIMITED
Company Information
for the year ended 31 March 2025
Director
Vipul Babulal Patel
Company Number
13264938 (England and Wales)
Registered Office
2 OAKDALE AVENUE
HARROW
HA3 0UJ
UNITED KINGDOM
Accountants
MAP Accounting Limited
26 Oakfield Avenue
Harrow
HA3 8TJ
V PATEL PROPERTIES LIMITED
Statement of financial position
as at 31 March 2025
Tangible assets
27,217
33,646
Investment property
1,588,080
1,588,080
Cash at bank and in hand
562
253,903
Creditors: amounts falling due within one year
(15,120)
(8,963)
Net current assets
320,004
245,040
Total assets less current liabilities
1,935,301
1,866,766
Creditors: amounts falling due after more than one year
(1,855,967)
(1,804,695)
Called up share capital
100
100
Profit and loss account
79,234
61,971
Shareholders' funds
79,334
62,071
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 May 2025 and were signed on its behalf by
Vipul Babulal Patel
Director
Company Registration No. 13264938
V PATEL PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 March 2025
V PATEL PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13264938. The registered office is 2 OAKDALE AVENUE, HARROW, HA3 0UJ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
59,580
1,799
61,379
At 31 March 2025
59,580
1,799
61,379
At 1 April 2024
26,958
775
27,733
Charge for the year
6,224
205
6,429
At 31 March 2025
33,182
980
34,162
At 31 March 2025
26,398
819
27,217
At 31 March 2024
32,622
1,024
33,646
Fair value at 1 April 2024
1,588,080
At 31 March 2025
1,588,080
V PATEL PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
13,920
8,363
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
1,006,229
1,006,229
Loans from directors
849,738
798,466
9
Transactions with related parties
During the year, V Patel Properties Limited purchased filly electric car which is available to directors for private use. Company has reported private use through P11D to HMRC.
The controlling party is Vipul Babulal Patel.
11
Average number of employees
During the year the average number of employees was 0 (2024: 0).