Company Registration No. 11841982 (England and Wales)
AKR PROPERTIES LTD
Unaudited accounts
for the year ended 31 March 2025
AKR PROPERTIES LTD
Unaudited accounts
Contents
AKR PROPERTIES LTD
Company Information
for the year ended 31 March 2025
Directors
Arunkumar Rai
Sajani A Rai
Company Number
11841982 (England and Wales)
Registered Office
144 SALMON STREET
LONDON
NW9 8NU
UNITED KINGDOM
AKR PROPERTIES LTD
Statement of financial position
as at 31 March 2025
Investment property
590,395
590,395
Cash at bank and in hand
48,486
26,970
Creditors: amounts falling due within one year
(605,871)
(600,256)
Net current liabilities
(555,854)
(569,344)
Called up share capital
2
2
Profit and loss account
34,539
21,049
Shareholders' funds
34,541
21,051
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 directors acknowledge their 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 of Directors and authorised for issue on 20 August 2025 and were signed on its behalf by
Arunkumar Rai
Director
Company Registration No. 11841982
AKR PROPERTIES LTD
Notes to the Accounts
for the year ended 31 March 2025
AKR PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 11841982. The registered office is 144 SALMON STREET, LONDON, NW9 8NU, 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.
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.
Turnover represents rent receivable recognised on an accruals basis, once the company is contractually entitled to this income. All income is recognised net of VAT.
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 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 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.
Fair value at 1 April 2024
590,395
AKR PROPERTIES LTD
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Accrued income and prepayments
1,531
3,942
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
3,164
2,164
Other creditors
585,000
585,000
Deferred income
15,945
11,298
Other creditors include a loan of £585,000 (2024: £585,000 ) at an interest rate of 2.23% per annum from a company in which the directors of AKR Properties Ltd have common interest.
7
Average number of employees
During the year the average number of employees was 2 (2024: 2).