Prayosha Properties Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05061235

Prayosha Properties Limited

Filleted Unaudited Financial Statements

31 March 2025

Prayosha Properties Limited

Balance Sheet

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Investments	4	13,614,173	13,614,173

Current assets

Debtors	5	72,503	63,914
Cash at bank and in hand		149,692	194,422
		---------	---------
		222,195	258,336

Creditors: amounts falling due within one year	6	311,584	314,830
		---------	---------
Net current liabilities		89,389	56,494
		-------------	-------------
Total assets less current liabilities		13,524,784	13,557,679

Creditors: amounts falling due after more than one year	7	8,317,908	8,567,596
		-------------	-------------
Net assets		5,206,876	4,990,083
		-------------	-------------

Capital and reserves

Called up share capital		1,100	1,100
Share premium account	8	4,621,442	4,621,442
Profit and loss account	8	584,334	367,541
		------------	------------
Shareholders funds		5,206,876	4,990,083
		------------	------------

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 income and retained earnings has not been delivered.

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 .

Prayosha Properties Limited

Balance Sheet (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 22 December 2025 , and are signed on behalf of the board by:

Mrs Shital Patel

Director

Company registration number: 05061235

Prayosha 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 and Wales. The address of the registered office is 4 Jakes View, Park Street, St. Albans, AL2 2RH.

2. Statement of compliance

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

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered and is stated net of discounts.

Deferred tax

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.

Investments

Investment properties are revalued annually to their fair value and any surplus or deficit is dealt with through profit and loss. No provision for depreciation or amortisation is made on investment properties.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Investments

	Investment properties
	£
Cost
At 1 April 2024 and 31 March 2025	13,614,173
	-------------
Impairment
At 1 April 2024 and 31 March 2025	–
	-------------

Carrying amount
At 31 March 2025	13,614,173
	-------------
At 31 March 2024	13,614,173
	-------------

The investment property portfolio in Prayosha Properties Limited was transferred from Ashila Limited on 26 June 2020 together with the bank loan of £5,855,000.

The investment properties were valued on an open market basis on 31 March 2025 by Mrs S Patel, a director.

5. Debtors

	2025	2024
	£	£
Other debtors	72,503	63,914
	--------	--------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	150,000	150,000
Corporation tax	72,297	76,531
Other creditors	89,287	88,299
	---------	---------
	311,584	314,830
	---------	---------

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

	2025	2024
	£	£
Bank loans and overdrafts	5,810,000	5,960,000
Other creditors	2,507,908	2,607,596
	------------	------------
	8,317,908	8,567,596
	------------	------------

8. Reserves

	2025	2024
	£	£
Distributable reserves	777,455	560,662
Fair value loss on investment properties	(193,121)	(193,121)
	---------	---------
	584,334	367,541
	---------	---------

9. Related party transactions

The company has taken advantage of the exemption from disclosing related party transactions with other companies that are wholly owned within the group.

10. Parent undertaking

The company's ultimate parent company is Prayosha Holdings Limited , incorporated in England and Wales. The address of its registered office is 4 Jakes View, Park Street, St. Albans, AL2 2RH.