Boran Property Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 13285184

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		481,893		467,857

			481,893		467,857
CURRENT ASSETS
Debtors	5	1,050		991
Cash at bank and in hand		135		6,502

		1,185		7,493
Creditors: Amounts Falling Due Within One Year	6	(207,422 )		(242,860 )

NET CURRENT ASSETS (LIABILITIES)			(206,237 )		(235,367 )

TOTAL ASSETS LESS CURRENT LIABILITIES			275,656		232,490

Creditors: Amounts Falling Due After More Than One Year	7		(218,188 )		(196,823 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(8,465 )		(5,798 )

NET ASSETS			49,003		29,869

CAPITAL AND RESERVES
Called up share capital	8		100		100
Fair value reserve	9		36,086		24,717
Profit and Loss Account			12,817		5,052

SHAREHOLDERS' FUNDS			49,003		29,869

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Boran Property Limited

Balance Sheet (continued)

As At 31 March 2025

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.

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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr B Senli

Director

15/09/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Boran Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13285184 . The registered office is 32 Willoughby Road, London, N8 0JG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is recognised at the fair value of the consideration received or receivable services provided in the normal course ofbusiness, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the presentvalue of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

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

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: )

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Boran Property Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Investment Property

	2025
	£
Fair Value
As at 1 April 2024	467,857
Fair value adjustments	14,036

As at 31 March 2025	481,893

Investment property comprises commercial property. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31st March 2024 by Director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	1,050	991

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	2,640	2,400
Bank loans and overdrafts	4,233	21,792
Other creditors	197,542	217,483
Taxation and social security	3,007	1,185

	207,422	242,860

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	211,813	190,448
Other creditors	6,375	6,375

	218,188	196,823

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

9. Reserves

	Fair Value Reserve
	£
As at 1 April 2024	24,717
Transfer to profit and loss	11,369

As at 31 March 2025	36,086

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