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Registered number: |
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Balance Sheet | |||||||
as at |
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Notes | 2017 | 2016 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 2 |
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Current assets | |||||||
Debtors | 3 | - |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | 4 | ( |
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Net current liabilities | ( |
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Net assets |
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Capital and reserves | |||||||
Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Satbir Singh Ahluwalia | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
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Transition to FRS 102 | ||||||||
This is the first year that the company has presented its results under FRS 102. There are no transitional adjustments arising from the first time adoption of FRS 102. |
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Turnover | ||||||||
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Tangible fixed assets | ||||||||
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Freehold land and buildings | NIL | |||||||
Investment property | ||||||||
Investment property is revalued annually for the fair value and the surplus or deficit is transferred to the profit and loss account. No depreciation is provided in respect of investment property | ||||||||
Debtors | ||||||||
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Creditors | ||||||||
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Taxation | ||||||||
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. |
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2 | Tangible fixed assets | |||||||
Land and buildings | ||||||||
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Cost | ||||||||
At 1 December 2016 |
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At 30 November 2017 |
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Depreciation | ||||||||
At 30 November 2017 | - | |||||||
Net book value | ||||||||
At 30 November 2017 |
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At 30 November 2016 |
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Freehold land and buildings: | 2017 | 2016 | ||||||
£ | £ | |||||||
Historical cost | 2,512,949 | 2,512,949 | ||||||
Cumulative depreciation based on historical cost | - | - | ||||||
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The investment properties were measured for fair value by the directors, and in their opinion the fair value of the investment property is fairy stated. | ||||||||
3 | Debtors | 2017 | 2016 | |||||
£ | £ | |||||||
Trade debtors | - |
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Other debtors | - |
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- |
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4 | Creditors: amounts falling due within one year | 2017 | 2016 | |||||
£ | £ | |||||||
Trade creditors |
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- | ||||||
Taxation and social security costs |
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Other creditors |
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Directors' loan account | 2,498,224 | 2,498,224 | ||||||
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5 | Related party transactions | 2017 | 2016 | |||||
£ | £ | |||||||
Mr Anil Kumar Sharma | ||||||||
Director of the company | ||||||||
Amount due to Mr Anil Kumar Sharma on demand was: | 1,248,982 | 1,248,982 | ||||||
Mr Satbir Singh Ahluwalia | ||||||||
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Amount due to Mr Satbir Singh Ahluwalia on demand was: | 1,249,242 | 1,249,242 | ||||||
6 | Controlling party | |||||||
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7 | Other information | |||||||
Abhaya Properties Limited is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
65 Delamere Road | ||||||||
Hayes | ||||||||
Middlesex | ||||||||
UB4 0NN |