Company Registration No. 05056032 (England and Wales)
Swarn Properties Limited
Unaudited accounts
for the year ended 31 March 2025
Swarn Properties Limited
Unaudited accounts
Contents
Swarn Properties Limited
Company Information
for the year ended 31 March 2025
Directors
Mr Sukhdev Singh Virdi
Miss Jasdeep Kaur Virdi
Mr Harinder Singh Virdi
Mrs Opdesh Kaur Virdi
Secretary
Mr Sukhdev Singh Virdi
Company Number
05056032 (England and Wales)
Registered Office
296 HIGH STREET
LONDON
W3 9BJ
Accountants
Cloud Tax Ltd
9-11 New Broadway
Ealing
London
W5 5AW
Swarn Properties Limited
Statement of financial position
as at 31 March 2025
Tangible assets
2,328,000
-
Investment property
-
2,352,000
Cash at bank and in hand
27,455
10,820
Creditors: amounts falling due within one year
(1,076,817)
(1,077,107)
Net current liabilities
(1,049,362)
(1,066,287)
Total assets less current liabilities
1,278,638
1,285,713
Creditors: amounts falling due after more than one year
(143,355)
(169,969)
Net assets
1,135,283
1,115,744
Called up share capital
100
100
Profit and loss account
1,135,183
1,115,644
Shareholders' funds
1,135,283
1,115,744
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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by
Mr Harinder Singh Virdi
Director
Company Registration No. 05056032
Swarn Properties Limited
Notes to the Accounts
for the year ended 31 March 2025
Swarn Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 05056032. The registered office is 296 HIGH STREET, LONDON, W3 9BJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
1% straight line
4
Tangible fixed assets
Land & buildings
Transfer from investment property
2,352,000
At 31 March 2025
2,352,000
Charge for the year
24,000
At 31 March 2025
2,328,000
Fair value at 1 April 2024
2,352,000
Transfers to tangible fixed assets
(2,352,000)
Swarn Properties Limited
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
30,000
30,000
Taxes and social security
8,716
20,614
Other creditors
64,114
65,308
Loans from directors
973,987
961,185
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
143,355
169,969
At the balance sheet date, the company owes the director an amount of £973,987 (2024: £961,185)
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).