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Registered Number: 13166160
England and Wales

 

 

 

SKANDA PROPERTIES LTD



Abridged Accounts
 


Period of accounts

Start date: 01 February 2024

End date: 31 January 2025

SKANDA PROPERTIES LTD
Contents Page
For the year ended 31 January 2025
 
 		 Notes
 		 2025
£		   2024
£
Fixed assets      
Investments 3 983,606    983,606 
983,606    983,606 
Current assets      
Cash at bank and in hand 55,042    30,020 
Creditors: amount falling due within one year (5,480)   (3,820)
Net current assets 49,562    26,200 
 
Total assets less current liabilities 1,033,168    1,009,806 
Creditors: amount falling due after more than one year (982,834)   (982,834)
Net assets 50,334    26,972 
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account 50,234    26,872 
Shareholders' funds 50,334    26,972 
 


For the year ended 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:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 19 September 2025 and were signed on its behalf by:


-------------------------------
Prashanth Reddy MAMIDI
Director
1
General Information
SKANDA PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 13166160, registration address 102 Ashurst Drive, Ilford, Essex, IG2 6SA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.

Average number of employees

Average number of employees during the year was 0 (2024 : 0).
3.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 February 2024 983,606    983,606 
Additions -    - 
Disposals -    - 
At 31 January 2025 983,606    983,606 
There is no change in investment value and Investment properties are valued annually by the directors on a fair value basis.

2