REGISTERED NUMBER: 09104890 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 March 2025

for

Annika Properties Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Khanna

REGISTERED OFFICE:

Regus Harrow

79 College Road

Harrow

HA1 1BD

REGISTERED NUMBER:

09104890 (England and Wales)

ACCOUNTANTS:

RAA North East Ltd

Eshton Suite 2

Wynyard Business Park

Wynyard Avenue

Billingham

Cleveland

TS22 5TB

Fixed assets

Tangible assets

3

21,824

29,098

Investment property

4

16,130,000

13,205,045

16,151,824

13,234,143

Current assets

Debtors

5

934,251

916,881

Cash at bank

18,664

1,329,013

952,915

2,245,894

Creditors

Amounts falling due within one year

6

(2,291,322

)

(3,393,481

)

Net current liabilities

(1,338,407

)

(1,147,587

)

Total assets less current liabilities

14,813,417

12,086,556

Creditors

Amounts falling due after more than one year

7

(12,974,624

)

(10,800,698

)

Provisions for liabilities

(341,927

)

(267,556

)

Net assets

1,496,866

1,018,302

Capital and reserves

Called up share capital

1

1

Other reserves

(50,588

)

(50,588

)

Fair value reserve

10

1,269,683

1,046,570

Retained earnings

277,770

22,319

1,496,866

1,018,302

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 July 2026 and were signed by:

R Khanna - Director

1.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

INVESTMENT PROPERTY

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

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 3 ) .

3.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 31 March 2024

and 30 March 2025

2,648

49,362

52,010

DEPRECIATION

At 31 March 2024

1,630

21,282

22,912

Charge for year

254

7,020

7,274

At 30 March 2025

1,884

28,302

30,186

NET BOOK VALUE

At 30 March 2025

764

21,060

21,824

At 30 March 2024

1,018

28,080

29,098

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 31 March 2024

13,205,045

Additions

3,136,623

Disposals

(509,152

)

Revaluations

297,484

At 30 March 2025

16,130,000

NET BOOK VALUE

At 30 March 2025

16,130,000

At 30 March 2024

13,205,045

Fair value at 30 March 2025 is represented by:

£

Valuation in 2024

1,314,126

Valuation in 2025

297,484

Cost

14,518,390

16,130,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

932,926

915,290

VAT

985

1,591

Prepayments and accrued income

340

-

934,251

916,881

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 8)

5,556

5,925

Hire purchase contracts

13,445

22,511

Trade creditors

158,469

12,766

Corporation tax

35,261

12,445

Social security and other tax

14,859

8,077

Pension Liability

627

-

Other creditors

249,388

198,133

Net wages

(3,520

)

6,566

Property purchase balances

38,219

-

Directors' current accounts

1,774,120

3,124,662

Accrued expenses

4,898

2,396

2,291,322

3,393,481

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans (see note 8)

23,150

28,331

Other loans (see note 8)

12,951,474

10,772,367

12,974,624

10,800,698

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

3,097

Other loans more 5yrs instal

12,951,474

10,772,367

12,951,474

10,775,464

8.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

5,556

5,925

Amounts falling due between one and two years:

Bank loans - 1-2 years

5,556

6,074

Amounts falling due between two and five years:

Bank loans - 2-5 years

17,594

19,160

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

3,097

Other loans more 5yrs instal

12,951,474

10,772,367

12,951,474

10,775,464

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

28,706

34,256

10.

RESERVES

Fair

value

reserve

£

At 31 March 2024

1,046,570

Fair value reserve revaluation

of tangible asset

223,113

At 30 March 2025

1,269,683