Company registration number: 10473232
Annual report and unaudited financial statements
for the year ended 30 November 2025
for
Thakrar Property Limited
Pages for filing with the Registrar
Company registration number: 10473232
Thakrar Property Limited
Balance sheet
as at 30 November 2025
2025 2024
Note £ £ £ £
Fixed assets
Investment property 4 790,000 790,000
790,000 790,000
Current assets
Debtors 1,800 32,332
Cash at bank and in hand 1,234 5,693
3,034 38,025
Creditors: amounts falling due within one year
(1,880) (2,972)
Net current assets 1,154 35,053
Total assets less current liabilities 791,154 825,053
Creditors: Amounts falling due after more than one year
5 (488,327) (526,292)
Provisions for liabilities (53,203) (53,203)
NET ASSETS 249,624 245,558
Capital and reserves
Revaluation reserve 180,978 180,978
Profit and loss account 68,646 64,580
TOTAL EQUITY 249,624 245,558
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 November 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 10473232
Thakrar Property Limited
Balance sheet - continued
as at 30 November 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 22 August 2026 and signed on its behalf by:
Mr A Thakrar, Director
22 August 2026
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Thakrar Property Limited
Notes to the financial statements
for the year ended 30 November 2025
1 Company information
Thakrar Property Limited is a private company registered in England and Wales. Its registered number is 10473232. The company is limited by shares. Its registered office is 28 Ashton Grove, Wellingborough, Northamptonshire, NN8 5ZA.
2 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 historic cost convention.
Adoption of the 2024 periodic review
Thakrar Property Limited has early adopted the amendments arising from the 2024 periodic review applicable to the standard referenced in the basis of preparation statement.
These amendments mandate changes to various accounting policies and expand the required disclosures. The amendments are applied retrospectively, in accordance with paragraph 10.12 of the standard, with such exceptions and transitional arrangements as specified in paragraphs 1.40 to 1.68.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is recognised from sales when a performance obligation under a valid contract with a customer has been satisfied at the transaction price allocated to that obligation. Transaction prices so recognised exclude Value Added Tax and any other sales taxes.
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
3
Thakrar Property Limited
Notes to the financial statements - continued
for the year ended 30 November 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3 Average number of employees
During the year the average number of employees was Nil (2024 - Nil).
4 Investment property
£
Valuation
At 1 December 2024 790,000
At 30 November 2025 790,000
5 Creditors: amounts falling due after more than five years
Included within the above creditors are the following amounts falling due after more than five years:
2025 2024
£ £
Repayable otherwise than by instalments
Other creditors 89,500 -
4
Thakrar Property Limited
Notes to the financial statements - continued
for the year ended 30 November 2025
6 Deferred taxation
2025 2024
£ £
Deferred tax 53,203 53,203
5