1 May 2024 false Taxfiler 2024.6 10796182 business:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 10796182 2024-04-30 10796182 2024-05-01 2025-04-30 10796182 business:AuditExempt-NoAccountantsReport 2024-05-01 2025-04-30 10796182 business:FilletedAccounts 2024-05-01 2025-04-30 10796182 2025-04-30 10796182 business:Director1 2024-05-01 2025-04-30 10796182 business:Director2 2024-05-01 2025-04-30 10796182 business:CompanySecretary1 2024-05-01 2025-04-30 10796182 business:RegisteredOffice 2024-05-01 2025-04-30 10796182 2024-04-30 10796182 core:WithinOneYear 2025-04-30 10796182 core:WithinOneYear 2024-04-30 10796182 core:AfterOneYear 2025-04-30 10796182 core:AfterOneYear 2024-04-30 10796182 core:ShareCapital core:PreviouslyStatedAmount 2025-04-30 10796182 core:ShareCapital core:PreviouslyStatedAmount 2024-04-30 10796182 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-04-30 10796182 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-04-30 10796182 core:PreviouslyStatedAmount 2025-04-30 10796182 core:PreviouslyStatedAmount 2024-04-30 10796182 business:SmallEntities 2024-05-01 2025-04-30 10796182 countries:EnglandWales 2024-05-01 2025-04-30 10796182 business:OrdinaryShareClass1 2024-05-01 2025-04-30 10796182 business:OrdinaryShareClass1 2023-05-01 2024-04-30 10796182 2023-05-01 2024-04-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 10796182 (England and Wales)
Akibi Group Limited Unaudited accounts for the year ended 30 April 2025
Akibi Group Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Akibi Group Limited Company Information for the year ended 30 April 2025
Directors
Mr Gurdial Flora Mrs Gurprit Flora
Secretary
Mr Gurdial Flora
Company Number
10796182 (England and Wales)
Registered Office
28 Glenfield Frith Drive Glenfield Leicester LE3 8PQ
- 3 -
Akibi Group Limited Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
1,200,000
1,200,000
Current assets
Debtors
5
2,297
2,252
Cash at bank and in hand
16,197
34,938
18,494
37,190
Creditors: amounts falling due within one year
6
(9,037)
(9,584)
Net current assets
9,457
27,606
Total assets less current liabilities
1,209,457
1,227,606
Creditors: amounts falling due after more than one year
7
(285,016)
(325,033)
Net assets
924,441
902,573
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
924,341
902,473
Shareholders' funds
924,441
902,573
For the year ending 30 April 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 15 October 2025 and were signed on its behalf by
Mr Gurdial Flora Director Company Registration No. 10796182
- 4 -
Akibi Group Limited Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
Akibi Group Limited is a private company, limited by shares, registered in England and Wales, registration number 10796182. The registered office is 28 Glenfield Frith Drive, Glenfield, Leicester, LE3 8PQ.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investment property
Investment property is included at market fair value and the valuation was made by the directors based on an open market value for existing use basis.
Prior Period Reclassification
In previous years, fair value gains on investment properties were credited to a Revaluation Reserve. Under FRS 102, such gains should be recognised in profit or loss. Accordingly, the balance of £273,527.20 previously reported in the Revaluation Reserve at 30 April 2024 has been reclassified to Retained Earnings. This adjustment has no impact on total equity or net assets.
4
Investment property
2025
£
Fair value at 1 May 2024
1,200,000
At 30 April 2025
1,200,000
Investment properties are included in the Balance Sheet at their open market value in accordance with FRS102 and are not depreciated. This treatment is contrary to the Companies Act 2006 which states fixed assets should be depreciated but is, in the opinion of the director, necessary in order to give a true and fair view of the financial position of the company.
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
1,478
1,433
Other debtors
819
819
2,297
2,252
- 5 -
Akibi Group Limited Notes to the Accounts for the year ended 30 April 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,009
1,018
Taxes and social security
5,129
3,527
Other creditors
819
819
Loans from directors
640
2,540
Accruals
1,440
1,680
9,037
9,584
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
247,016
247,033
Other creditors
38,000
78,000
285,016
325,033
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1,000 Ordinary shares of £0.10 each
100
100
9
Transactions with related parties
At the yearend the company owed £ 640 (2024 £ 2,540) to Mr G Flora, the director of the company.
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).
- 6 -