Amit Kumar Patel Kala Patel Nima Patel

12372832 (England and Wales)

335 London Road Leicester LE2 3NE United Kingdom

ONAF Limited 27 Tilton Drive Oadby LE2 5WW

Investment property

250,902 

250,902 

Debtors

7,632 

6,821 

Cash at bank and in hand

27,867 

14,901 

(260,596)

(255,414)

Called up share capital

3 

3 

Profit and loss account

25,802 

17,207 

For the year ending 29 November 2024 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 financial statements were approved by the Board of Directors and authorised for issue on 29 November 2025 and were signed on its behalf by

Kala Patel Director Company Registration No. 12372832

PKPatel Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 12372832. The registered office is 335 London Road, Leicester, LE2 3NE, United Kingdom.

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.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.

Fair value at 30 November 2023

250,902 

At 29 November 2024

Accrued income and prepayments

2,630 

1,819 

Other debtors

5,002 

5,002 

Taxes and social security

3,105 

1,090 

Loans from directors

256,051 

253,244 

Accruals

1,440 

1,080 

During the year the average number of employees was 3 (2023: 3).