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Registered number: 09457028
Khandy Properties Ltd
UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
Prepared By:
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU
Khandy Properties Ltd
ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
DIRECTORS
T Ali Khan
D Ali Khan
SECRETARY
T Ali Khan
REGISTERED OFFICE
First Floor, 85 Great Portland Street
London
W1W 7LT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09457028
ACCOUNTANTS
Lever Bros & Co
Chartered Accountants
First Floor, 690 Great West Road
Osterley Village
Isleworth
TW7 4PU
Khandy Properties Ltd
ACCOUNTS
FOR THEYEARENDED31 MARCH 2025
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Khandy Properties Ltd
BALANCE SHEET AT 31 March 2025
20252024
Notes££
FIXED ASSETS
Tangible assets3,258,3131,324,848
CURRENT ASSETS
Debtors417,72319,196
Cash at bank and in hand9,97579,228
27,69898,424
CREDITORS: Amounts falling due within one year53,296,2701,432,027
NET CURRENT LIABILITIES(3,268,572)(1,333,603)
TOTAL ASSETS LESS CURRENT LIABILITIES(10,259)(8,755)
CAPITAL AND RESERVES
Called up share capital644
Profit and loss account(10,263)(8,759)
SHAREHOLDERS' FUNDS(10,259)(8,755)
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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 31 December 2025 and signed on their behalf by
.............................
T Ali Khan
Director
Khandy Properties Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Going Concern
The company had net liabilities of £10,259 at the balance sheet date. However, included in Creditors was £531,725 owed to the directors. With the continued support of the directors, the directors believe the company to be a going concern.
1c. Investment Properties
Investment properties are included in the financial statements at fair value. Gains and losses on remeasurement of fair value are recognised in the Statement of comprehensive income, within Other operating income.
1d. Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of rent receivable, excluding discounts, rebates, value added tax and other sales taxes.
1e. Statutory Information
Khandy Properties Ltd is a private company, limited by shares, incorporated in England and Wales. The company's registered number is 09457028 and registered office address is First Floor, 85 Great Portland Street, London, England, W1W 7LT.
1f. Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments.
2. EMPLOYEES
20252024
No.No.
Average number of employees--
Khandy Properties Ltd
3. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 1 April 20241,324,8481,324,848
Additions1,933,4651,933,465
At 31 March 20253,258,3133,258,313
The investment properties are stated at fair value at the balance sheet date.
4. DEBTORS 20252024
££
Amounts falling due within one year
Other debtors4,3605,833
Prepayments13,36313,363
17,72319,196
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
Directors current account531,725114,294
Trade creditors-936
Other creditors1,734,149378,700
Accruals1,800500
Amounts due to group companies1,028,596937,597
3,296,2701,432,027
Khandy Properties Ltd
6. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
4 Ordinary shares of £1.00 each44
44
7. CONTROLLING PARTY
The ultimate parent undertaking is Khandy Residential Limited, a company registered in England and Wales.
8. RELATED PARTY TRANSACTIONS
The Company has taken exemption under section 1AC.35 of the Financial Reporting Standard 102, from disclosing transactions with group companies, on the grounds that each company party to the transactions is wholly owned within the group.