Sharma Property and Investments Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 15725243

SHARMA PROPERTY AND INVESTMENTS LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 May 2026

SHARMA PROPERTY AND INVESTMENTS LTD

STATEMENT OF FINANCIAL POSITION

31 May 2026

	2026	2025
Note	£	£

Fixed Assets

Tangible assets	5	750,000	400,000

Current Assets

Debtors	6	2,050	–
Cash at bank and in hand		2,066	2,452
		--------	--------
		4,116	2,452

Creditors: amounts falling due within one year	7	288,484	182,941
		-----------	-----------
Net Current Liabilities		284,368	180,489
		-----------	-----------
Total Assets Less Current Liabilities		465,632	219,511

Creditors: amounts falling due after more than one year	8	335,475	167,514

Provisions	23,186	9,863
	-----------	-----------
Net Assets	106,971	42,134
	-----------	-----------

SHARMA PROPERTY AND INVESTMENTS LTD

STATEMENT OF FINANCIAL POSITION (continued)

31 May 2026

	2026	2025
Note	£	£

Capital and Reserves

Called up share capital	1	1
Profit and loss account	106,970	42,133
	-----------	---------
Shareholders Funds	106,971	42,134
	-----------	---------

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.

For the year ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 6 October 2026 , and are signed on behalf of the board by:

V Sharma
Director

Company registration number: 15725243

SHARMA PROPERTY AND INVESTMENTS LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MAY 2026

1. General Information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 101 Ripon Street, Lincoln, LN5 7NF, United Kingdom.

2. Statement of Compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.

Revenue Recognition

Turnover represents rental income from let properties.

Income Tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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 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.

Investment Property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment of Fixed Assets

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

4. Investment Property Fair Value Reserve

Included within the profit and loss account reserve is £98,847 (2025-£42,047) in respect of investment property fair value adjustments net of taxation.

5. Tangible Assets

	Freehold property
	£
Cost or valuation
At 1 June 2025	400,000
Additions	279,877
Revaluations	70,123
	-----------
At 31 May 2026	750,000
	-----------
Depreciation
At 1 June 2025 and 31 May 2026	–
	-----------
Carrying amount
At 31 May 2026	750,000
	-----------
At 31 May 2025	400,000
	-----------

Included within the above is investment property as follows:

	£
At 1 June 2025	400,000
Additions	279,877
Fair value adjustments	70,123
	-----------
At 31 May 2026	750,000
	-----------

Investment properties have been revalued by the director on the basis of market values and expected returns.

6. Debtors

	2026	2025
	£	£
Other debtors	2,050	–
	--------	-----

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Social security and other taxes	1,881	20
Other creditors	286,603	182,921
	-----------	-----------
	288,484	182,941
	-----------	-----------

8. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans	335,475	167,514
	-----------	-----------

Bank borrowing is secured against fixed assets.