Gulati Properties Ltd - Filleted accounts

Registered number

10790514

Gulati Properties Ltd

Filleted Accounts

31 January 2026

Gulati Properties Ltd
Registered number:		10790514
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		825,000			825,000

Current assets
Debtors	4	90,328			1,549
Cash at bank and in hand		43,606			324,293
		133,934			325,842

Creditors: amounts falling due within one year	5	(22,793)			(219,788)

Net current assets			111,141			106,054

Total assets less current liabilities			936,141			931,054

Creditors: amounts falling due after more than one year	6		(576,300)			(576,300)

Provisions for liabilities			(54,782)			(54,782)


Net assets			305,059			299,972

Capital and reserves
Called up share capital			100			100
Revaluation reserve	8		194,071			194,071
Profit and loss account			110,888			105,801

Shareholders' funds			305,059			299,972

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.




Mr Surjit Singh
Director
Approved by the board on 22 October 2026

Gulati Properties Ltd
Notes to the Accounts
for the year ended 31 January 2026


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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover represent the value of rent receivable.

	Investments
	Investment properties are revalued annually and the aggregate surplus or deficiet is transferred revaluation reserve. No depreciation is provided in respect of investment properties.

	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	2026		2025
Number			Number

	Average number of persons employed by the company	1		1


3	Tangible fixed assets
				Land and buildings
£
	Cost
	At 1 February 2025			825,000
	At 31 January 2026			825,000

	Depreciation
	At 31 January 2026			-

	Net book value
	At 31 January 2026			825,000
	At 31 January 2025			825,000


	Freehold land and buildings:	2026		2025
£			£
	Historical cost	576,147		576,147
	Cumulative depreciation based on historical cost	-		-
		576,147		576,147


4	Debtors	2026		2025
£			£

	Trade debtors	-		950
	Other debtors	90,328		599
		90,328		1,549


5	Creditors: amounts falling due within one year	2026		2025
£			£

	Trade creditors	-		30
	Taxation and social security costs	1,282		-
	Other creditors	21,511		219,758
		22,793		219,788


6	Creditors: amounts falling due after one year	2026		2025
£			£

	Bank loans	576,300		576,300


7	Loans	2026		2025
£			£
	Creditors include:

	Secured bank loans	576,300		276,103

	Bank loan is secured by first legal charge over the freehold land and builidng held by the company.


8	Revaluation reserve	2026		2025
£			£

	At 1 February 2025	194,071		100,321
	Gain on revaluation of land and buildings	-		125,000
	Deferred taxation arising on the revaluation of land and buildings	-		(31,250)

	At 31 January 2026	194,071		194,071


9	Controlling party

	The company is under the control of its director Mr Surjit Singh.


10	Other information

	Gulati Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	1B, First Floor
	142 Johnson Street
	Southall
	Middlesex
	UB2 5FD