Company Registration No. 10479819 (England and Wales)
KHAN PROPERTY MANAGEMENT LIMITED
Unaudited accounts
for the year ended 30 November 2018
KHAN PROPERTY MANAGEMENT LIMITED
Statement of financial position
as at 30 November 2018
Tangible assets
2,041
2,575
Cash at bank and in hand
2,421
74
Creditors: amounts falling due within one year
(1,011)
(897)
Net current assets/(liabilities)
1,410
(823)
Total assets less current liabilities
3,451
1,752
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
3,312
1,588
Shareholders' funds
3,412
1,688
For the year ending 30 November 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 25 June 2019.
Fazal Subkhan
Director
Company Registration No. 10479819
KHAN PROPERTY MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 30 November 2018
KHAN PROPERTY MANAGEMENT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10479819. The registered office is UNIT 1 JOHN STREET, DEWSBURY, WF13 2HE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents net invoiced sales of services, excluding value added tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on reducing balance
Computer equipment
25% on reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
KHAN PROPERTY MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 30 November 2018
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2017
2,750
500
3,250
At 30 November 2018
2,750
500
3,250
At 1 December 2017
550
125
675
Charge for the year
440
94
534
At 30 November 2018
990
219
1,209
At 30 November 2018
1,760
281
2,041
At 30 November 2017
2,200
375
2,575
5
Creditors: amounts falling due within one year
2018
2017
Taxes and social security
429
315
6
Deferred taxation
2018
2017
Accelerated capital allowances
39
64
Provision at start of year
64
-
(Credited)/charged to the profit and loss account
(25)
64
Provision at end of year
39
64
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 0 (2017: 0).
