Yashmin Properties Limited 31/03/2025 iXBRL

Company registration number: 03094156

Yashmin Properties Limited

Unaudited filleted financial statements

31 March 2025

Yashmin Properties Limited

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Yashmin Properties Limited

Directors and other information


	Directors	Y. S. Mahomed


	Secretary	N. Mahomed


	Company number	03094156


	Registered office	6 Stamford Square
		77-83 Upper Richmond Road
		London
		United Kingdom
		SW15 2BF


	Business address	6 Stamford Square
		77-83 Upper Richmond Road
		London
		United Kingdom
		SW15 2BF

Yashmin Properties Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	6	17,280,384		17,281,332
		_______		_______
			17,280,384		17,281,332

Current assets
Debtors	7	3,075,142		2,797,714
Cash at bank and in hand		29,357		88,058
		_______		_______
		3,104,499		2,885,772
Creditors: amounts falling due
within one year	8	( 3,006,804)		( 2,692,666)
		_______		_______
Net current assets			97,695		193,106
			_______		_______
Total assets less current liabilities			17,378,079		17,474,438

Creditors: amounts falling due
after more than one year	9		( 8,111,482)		( 8,236,306)
			_______		_______
Net assets			9,266,597		9,238,132
			_______		_______

Capital and reserves
Called up share capital	11		100		100
Revaluation reserve	12		8,205,533		8,205,533
Profit and loss account	12		1,060,964		1,032,499
			_______		_______
Shareholders funds			9,266,597		9,238,132
			_______		_______

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.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 09 December 2025 , and are signed on behalf of the board by:

Y. S. Mahomed

Director

Company registration number: 03094156

Yashmin Properties Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 6 Stamford Square, 77-83 Upper Richmond Road, London, United Kingdom, SW15 2BF.

Principal Activities

The principal activity of the company continues to be that of property management and investments.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

In preparing the financial statements, the directors have taken into account all the information that could reasonably be expected to be available together with their continued support The company is dependent on the availability of funds and the current conditions of Covid 19 are having significant impact upon the funds and the conditions remain challenging. Based on the results of the company the board considers that the company has sufficient future funds to maintain its profitability. The directors have reasonable expectations and adequate resources that the company will be able to continue in operations and meet its liabilities as they fall due. The directors are also confident that they will recover the rental income on all the investment properties.On this basis the financial statements have been prepared by using the going concern basis of accounting because there are no material uncertainties related to events and conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2024: 1 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£
Current tax:
UK current tax expense	6,572	12,835
	_______	_______
Tax on profit	6,572	12,835
	_______	_______

6. Tangible assets

	Freehold property	Plant and machinery	Total
	£	£	£
Cost
At 1 April 2024	17,276,581	533,320	17,809,901
Additions	-	320	320
	_______	_______	_______
At 31 March 2025	17,276,581	533,640	17,810,221
	_______	_______	_______
Depreciation
At 1 April 2024	-	528,569	528,569
Charge for the year	-	1,268	1,268
	_______	_______	_______
At 31 March 2025	-	529,837	529,837
	_______	_______	_______
Carrying amount
At 31 March 2025	17,276,581	3,803	17,280,384
	_______	_______	_______
At 31 March 2024	17,276,581	4,751	17,281,332
	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	264,273	121,931
Other debtors	2,810,869	2,675,783
	_______	_______
	3,075,142	2,797,714
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	150,800	150,800
Trade creditors	2,803	4,458
Amounts owed to group undertakings and undertakings in which the company has a participating interest	743,574	743,574
Corporation tax	19,716	12,835
Social security and other taxes	36,288	35,523
Other creditors	2,053,623	1,745,476
	_______	_______
	3,006,804	2,692,666
	_______	_______

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	7,666,700	7,816,700
Other creditors	444,782	419,606
	_______	_______
	8,111,482	8,236,306
	_______	_______

10. Financial instruments

Financial instruments carried on the statement of financial position include cash and cash equivalents, borrowings and accruals. The particular recognition methods adopted are disclosed in the individual policy statements associated with each item.

11. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares shares of £ 1.00 each	100	100	100	100
	_______	_______	_______	_______

Called-up share capital represents the nominal value of shares that have been issued.

12. Reserves

The profit & loss reserve includes all current and prior year's retained profits and losses

13. Controlling party

The ultimate controlling interest is held by the director of the company Y S Mahomed.