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Company Registration No. 15714951 (England and Wales)
Pravan Properties Ltd Unaudited accounts for the period from 11 May 2024 to 31 May 2025
Pravan Properties Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Pravan Properties Ltd Company Information for the period from 11 May 2024 to 31 May 2025
Directors
MADANAGOPAL, Jayakumar SURESH, Lakshmi
Company Number
15714951 (England and Wales)
Registered Office
60 Oxford Road Reading RG1 7LT England
Accountants
Tally Tally Accountants 79 College Road Harrow HA1 1BD
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Pravan Properties Ltd Statement of financial position as at 31 May 2025
2025
Notes
£
Fixed assets
Tangible assets
4
1,017,092
Current assets
Debtors
5
99
Cash at bank and in hand
2,874
2,973
Creditors: amounts falling due within one year
6
(776)
Net current assets
2,197
Total assets less current liabilities
1,019,289
Creditors: amounts falling due after more than one year
7
(1,049,087)
Net liabilities
(29,798)
Capital and reserves
Called up share capital
100
Profit and loss account
(29,898)
Shareholders' funds
(29,798)
For the period ending 31 May 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 11 February 2026 and were signed on its behalf by
SURESH, Lakshmi Director Company Registration No. 15714951
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Pravan Properties Ltd Notes to the Accounts for the period from 11 May 2024 to 31 May 2025
1
Statutory information
Pravan Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 15714951. The registered office is 60 Oxford Road, Reading, RG1 7LT, England.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 is stated at cost and is not depreciated as it is deemed to have an indefinite useful life.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Going concern
The financial statements have been prepared on a going concern basis, which is dependent upon the company's directors continuing to provide the necessary financial facilities, to enable the company to continue in operation for the foreseeable future.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Interest payable
Interest payable and similar charges for the period amounted to £8,143.30. The interest relates to bank borrowings used to finance the acquisition of property. At the balance sheet date, the company had bank loans of £708,248 (Note 7), which are repayable over the long term. The loans are secured on the company’s property assets. Interest is charged at a commercial variable rate in accordance with the loan agreement. No interest was payable to directors or related parties during the period.
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Pravan Properties Ltd Notes to the Accounts for the period from 11 May 2024 to 31 May 2025
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 11 May 2024
-
Additions
1,017,092
At 31 May 2025
1,017,092
Depreciation
At 31 May 2025
-
Net book value
At 31 May 2025
1,017,092
5
Debtors
2025
£
Amounts falling due within one year
Accrued income and prepayments
99
6
Creditors: amounts falling due within one year
2025
£
Trade creditors
751
Loans from directors
25
776
7
Creditors: amounts falling due after more than one year
2025
£
Bank loans
708,248
Other creditors
340,839
1,049,087
8
Transactions with related parties
At the year-end date, the directors have a credit balance of £25 on their current account. This is an interest-free loan to the company and this amount is included in creditors payable within one year.
9
Average number of employees
During the period the average number of employees was 2.
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