Panesar Properties Yorkshire Ltd. - Accounts to registrar (filleted)

PANESAR PROPERTIES YORKSHIRE LTD.

Unaudited Financial Statements

for the Year Ended 31 January 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

NS Panesar

Panesar Properties (UK) Ltd.

SS Panesar

T S Panesar

Mrs G K Panesar

REGISTERED OFFICE:

4 Northwest Business Park

Servia Hill

Leeds

West Yorkshire

LS6 2QH

REGISTERED NUMBER:

13869797 (England and Wales)

ACCOUNTANT:

Botros & Co

4 Northwest Business Park

Servia Hill

Leeds

West Yorkshire

LS6 2QH

BANKERS:

Lloyds Bank Plc

6-7 Park Row

Leeds

West Yorkshire

LS1 1NX

FIXED ASSETS

Tangible assets

4

34,251

33,914

Investment property

5

1,182,107

1,216,358

1,216,021

CURRENT ASSETS

Cash at bank and in hand

68,920

38,619

CREDITORS

Amounts falling due within one year

6

50,312

33,409

NET CURRENT ASSETS

18,608

5,210

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,234,966

1,221,231

CREDITORS

Amounts falling due after more than one
year

7

1,028,500

1,105,500

NET ASSETS

206,466

115,731

CAPITAL AND RESERVES

Called up share capital

8

1,000

Retained earnings

9

205,466

114,731

SHAREHOLDERS' FUNDS

206,466

115,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by:

SS Panesar - Director

1.	STATUTORY INFORMATION

Panesar Properties Yorkshire Ltd. 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.

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.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% 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 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 February 2024

36,353

2,309

38,662

Additions

7,098

-

7,098

At 31 January 2025

43,451

2,309

45,760

DEPRECIATION

At 1 February 2024

3,508

1,240

4,748

Charge for year

5,991

770

6,761

At 31 January 2025

9,499

2,010

11,509

NET BOOK VALUE

At 31 January 2025

33,952

299

34,251

At 31 January 2024

32,845

1,069

33,914

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

and 31 January 2025

1,182,107

NET BOOK VALUE

At 31 January 2025

1,182,107

At 31 January 2024

1,182,107

Included in fair value of investment property is freehold land of £ 50,000 (2024 - £ 50,000 ) which is not depreciated.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Trade creditors

1,140

-

Tenants Bond

3,000

4,500

Tax

27,438

15,379

Directors' loan accounts

8,129

3,395

Accrued expenses

10,605

10,135

50,312

33,409

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

Other creditors

40,000

107,000

Tong Road Motors Limited

58,500

28,500

Panesar Properties(UK) Ltd

35,000

Directors Loan

895,000

935,000

1,028,500

1,105,500

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

700

Ordinary A

£1

700

300

Ordinary B

£1

300

1,000

9.

RESERVES

Retained

earnings

£

At 1 February 2024

114,731

Profit for the year

90,735

At 31 January 2025

205,466