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Company registration number: 5501573
Mokar Properties Limited
Unaudited filleted financial statements
30 June 2025
Mokar Properties Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Mokar Properties Limited
Directors and other information

| Directors | Mr Rohit L Shah
|  | Mr Bharat L Shah
|  | Mr Nimesh L Shah
| Secretary | Rohit L Shah
| Company number | 5501573
| Registered office | 83 Lankers Drive
|  | North Harrow
|  | Middlesex
|  | HA2 7PA
| Business address | 83 Lankers Drive
|  | North harrow
|  | Middlesex
|  | HA2 7PA
| Accountants | P R Shah & Co
|  | 10 Bouverie Gardens
|  | Kenton
|  | Harrow
|  | Middlesex
|  | HA3 0RQ

| Bankers | Barclays Bank Plc
|  | Plaistow Branch, Newham Group
|  | 737 Barking Road
|  | London
|  | E13 9PL

Mokar Properties Limited
Statement of financial position
30 June 2025

|  |  | 2025 |  |  |  | 2024 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Tangible assets |  | 4 | 966,074 |  |  |  | 966,074 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 966,074 |  |  |  | 966,074
Current assets |  |  |  |  |  |  |  |  |
Cash at bank and in hand |  |  | 36,161 |  |  |  | 43,950 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 36,161 |  |  |  | 43,950 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 5 | ( 335,045) |  |  |  | ( 183,464) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current liabilities |  |  |  |  | ( 298,884) |  |  |  | ( 139,514)
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 667,190 |  |  |  | 826,560
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  | 6 |  |  | - |  |  |  | ( 199,628)
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 667,190 |  |  |  | 626,932
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  | 300 |  |  |  | 300
Profit and loss account |  |  |  |  | 666,890 |  |  |  | 626,632
|  |  |  |  | _______ |  |  |  | _______
Shareholders funds |  |  |  |  | 667,190 |  |  |  | 626,932
|  |  |  |  | _______ |  |  |  | _______

For the year ending 30 June 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.
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 comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 05 March 2026 , and are signed on behalf of the board by:
Mr Rohit L Shah
Director
Company registration number: 5501573
Mokar Properties Limited
Statement of changes in equity
Year ended 30 June 2025

|  | Called up share capital |  | Profit and loss account | Total |  |  |  |  |
|  | £ |  | £ | £ |  |  |  |  |
At 1 July 2023 |  | 300 |  | 586,954 | 587,254 |  |  |  |  |
Profit for the year |  |  |  | 39,678 | 39,678 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total comprehensive income for the year |  | - |  | 39,678 | 39,678 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
At 30 June 2024 and 1 July 2024 |  | 300 |  | 626,632 | 626,932 |  |  |  |  |
Profit for the year |  |  |  | 40,258 | 40,258 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
Total comprehensive income for the year |  | - |  | 40,258 | 40,258 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |
At 30 June 2025 |  | 300 |  | 666,890 | 667,190 |  |  |  |  |
|  | _______ |  | _______ | _______ |  |  |  |  |

Mokar Properties Limited
Notes to the financial statements
Year ended 30 June 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 Mokar Properties Limited, 83 Lankers Drive, North Harrow, Middlesex, HA2 7PA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Investment property
The Company's properties are held for long-term investment. Investment properties are accounted for as follows: Investment properties are initially recognised at cost which includes purchase cost and any directly attributed expenditure. Investment properties whose fair value can be measured reliably are measured at fair value. The surplus or deficit on revaluation is recognised in the profit and loss account, accumulated in the profit and loss reserve unless a deficit below original cost, or its reversal, on an individual investment property is permanent, in which case it is recognised in the profit and loss account for the year.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Tangible assets

|  | Freehold property | Total |  |  |  |  |
|  | £ | £ |  |  |  |  |
| Cost |  |  |  |  |  |  |
| At 1 July 2024 and 30 June 2025 | 966,074 | 966,074 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| Depreciation |  |  |  |  |  |  |
| At 1 July 2024 and 30 June 2025 | - | - |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| Carrying amount |  |  |  |  |  |  |
| At 30 June 2025 | 966,074 | 966,074 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |
| At 30 June 2024 | 966,074 | 966,074 |  |  |  |  |
|  | _______ | _______ |  |  |  |  |

The above comprise of freehold investment properties. In the opinion of the directors, the market value of the freehold properties is at least in excess of their cost.
5. Creditors: amounts falling due within one year

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans and overdrafts |  | 10,001 | 30,000
| Corporation tax |  | 11,964 | 11,754
| Social security and other taxes |  | 25 | 2,855
| Other creditors |  | 313,055 | 138,855
|  |  | _______ | _______
|  |  | 335,045 | 183,464
|  |  | _______ | _______

The bank loans are secured on the freehold properties.
6. Creditors: amounts falling due after more than one year

|  |  | 2025 | 2024
|  |  | £ | £
| Bank loans and overdrafts |  | - | 189,630
| Other creditors |  | - | 9,998
|  |  | _______ | _______
|  |  | - | 199,628
|  |  | _______ | _______

The bank loans are secured on the freehold properties.
The Company has borrowing on two loans from Nationwide Building Society: First loan obtained in July 2005 of £ 300,000 for a term of 25 years at an interest rate of 1.35% per annum above LIBOR. Second loan obtained in July 2006 of £ 295,000 for a term of 25 years at an interest rate of 1.30% per annum above LIBOR. Both loans are repayable in monthly instalments including interest and capital. In June 2020 the Company also acquired the Bounce Back Loan of £ 50,000, which is for a term of six years repayable after 12 months from commencement in equal monthly instalments. The interest rate charged will be 2.5% per annum commencing from the first anniversary of the loan. The interest for the first year will be paid by the UK Government to the lending bank. In addition the loan is guaranteed by the UK Government under the Bounce Back Loan Scheme.
7. Directors advances, credits and guarantees

| During the year the directors entered into the following advances and credits with the company: |  |  |  |  |  |
2025 |  |  |  |  |  |  |
|  | Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing |  |
|  | £ | £ | £ | £ |  |
| Mr Rohit L Shah | ( 88,550) | ( 70,650) | 20,000 | ( 139,200) |  |
| Mr Bharat L Shah | ( 18,550) | ( 70,650) | 20,000 | ( 69,200) |  |
| Mr Nimesh L Shah | ( 18,550) | ( 70,650) | - | ( 89,200) |  |
|  | _______ | _______ | _______ | _______ |  |
|  | ( 125,650) | ( 211,950) | 40,000 | ( 297,600) |  |
|  | _______ | _______ | _______ | _______ |  |
2024 |  |  |  |  |  |  |
|  | Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing |  |
|  | £ | £ | £ | £ |  |
| Mr Rohit L Shah | ( 88,550) | - | - | ( 88,550) |  |
| Mr Bharat L Shah | ( 18,550) | - | - | ( 18,550) |  |
| Mr Nimesh L Shah | ( 18,550) | - | - | ( 18,550) |  |
|  | _______ | _______ | _______ | _______ |  |
|  | ( 125,650) | - | - | ( 125,650) |  |
|  | _______ | _______ | _______ | _______ |  |

8. Controlling party
None of the Directors, who are the shareholders, individually control the Company.