Chandok Gold Properties Limited

Registered number

04944729

Filleted Accounts

31 March 2025

Chandok Gold Properties Limited
Registered number:		04944729
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		8,575,000			8,250,000

Current assets
Debtors	4	538,307			1,913,506
Investments held as current assets	5	-			275,000
Cash at bank and in hand		7,656			3,821
		545,963			2,192,327

Creditors: amounts falling due within one year	6	(1,074,753)			(931,219)

Net current (liabilities)/assets			(528,790)			1,261,108

Total assets less current liabilities			8,046,210			9,511,108

Creditors: amounts falling due after more than one year	7		(4,374,541)			(6,177,416)

Provisions for liabilities			(81,250)			-


Net assets			3,590,419			3,333,692

Capital and reserves
Called up share capital			100			100
Revaluation reserve	9		2,934,624			2,690,874
Profit and loss account			655,695			642,718

Shareholders' funds			3,590,419			3,333,692

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Dr R S Chandok
Director
Approved by the board on 7 May 2026

Chandok Gold Properties Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover represents rental income received from investment property, exclusive of VAT.

	Investment property
	Investment property is shown at most recent valuation. Any aggregatye surplus or deficit arising from changes in fair value is recognised in the profit or loss.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	Nil
	Leasehold land and buildings	Nil

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		1		1


3	Investment properties
					Land and buildings
£
	Cost / Fair Value
	At 1 April 2024				8,250,000
	Surplus on revaluation				325,000
	At 31 March 2025				8,575,000

	Depreciation
	At 31 March 2025				-

	Net book value
	At 31 March 2025				8,575,000
	At 31 March 2024				8,250,000


	Freehold land and buildings:		2025		2024
£				£
	Historical cost		4,485,376		4,485,376
	Cumulative depreciation based on historical cost		-		-
			4,485,376		4,485,376
	In the opinion of the director, the investment properties value remain same as last year


4	Debtors		2025		2024
£				£

	Trade debtors		-		1,500
	Other debtors		538,307		1,912,006
			538,307		1,913,506


5	Investments held as current assets		2025		2024
£				£
	Fair value
	Unlisted investments		-		275,000



6	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans and overdrafts		-		17,454
	Taxation and social security costs		-		15,725
	Other creditors		1,074,753		898,040
			1,074,753		931,219


7	Creditors: amounts falling due after one year		2025		2024
£				£

	Bank loans		4,374,541		6,177,416


8	Loans		2025		2024
£				£
	Creditors include:
	Amounts payable otherwise than by instalment falling due for payment after more than five years		4,223,053		6,150,757


	Secured bank loans		4,223,053		6,150,757

	The bank loan is secured by first charge over the freehold land and buildings.


9	Revaluation reserve		2025		2024
£				£

	At 1 April 2024		2,690,874		2,690,874
	Gain on revaluation of land and buildings		325,000		-
	Deferred taxation arising on the revaluation of land and buildings		(81,250)		-

	At 31 March 2025		2,934,624		2,690,874


10	Related party transactions

	Dividends totalling £Nil (2024 - £Nil) were paid in the year in respect of shares held by the company's directors. The company received rents of £42,000 (2024: £42,000) in the year under a lease granted to Dr Gulbash Singh and Dr Rajpreet Chandok, directors of the company.


11	Other information

	Chandok Gold Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
	34 Astons Road
	Northwood
	Middlesex
	HA6 2LD