Accounts filed on 31-10-2019

Accounts filed on 31-10-2019

AGARAM PROPERTIES LTD - Company Information

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Registered number: 10995711
Agaram Properties Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/10/2019
Prepared By:
Agaram Properties Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/10/2019
DIRECTORS
Krishnaraj Selvaraj
Mythili Krishnaraj
REGISTERED OFFICE
60 Redlands Road
Reading
Berkshire
United Kingdom
RG1 5HU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10995711
BANKERS
HSBC
ACCOUNTANTS
Agaram Properties Ltd
ACCOUNTS
FOR THEYEARENDED31/10/2019
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts5
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Agaram Properties Ltd
BALANCE SHEET AT 31/10/2019
20192018
Notes££
FIXED ASSETS
Tangible assets2395,000380,000
CURRENT ASSETS
Debtors42312,074
Cash at bank and in hand14,7435,900
14,9747,974
CREDITORS: Amounts falling due within one year5152,800153,778
NET CURRENT LIABILITIES(137,826)(145,804)
TOTAL ASSETS LESS CURRENT LIABILITIES257,174234,196
CREDITORS: Amounts falling due after more than one year6243,035240,000
PROVISIONS FOR LIABILITIES AND CHARGES84,7721,922
NET ASSETS / (LIABILITIES)9,367(7,726)
CAPITAL AND RESERVES
Called up share capital9200200
Profit and loss account9,167(7,926)
SHAREHOLDERS' FUNDS9,367(7,726)
Agaram Properties Ltd
BALANCE SHEET AT 31/10/2019
For the year ending 31/10/2019 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 22/06/2020 and signed on their behalf by
.............................
Krishnaraj Selvaraj
Director
.............................
Mythili Krishnaraj
Director
Agaram Properties Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2019
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
2. TANGIBLE FIXED ASSETS
Cost
At 31/10/2019
Depreciation
At 31/10/2019
Net Book Amounts
At 31/10/2019
Agaram Properties Ltd
3. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/11/2018380,000380,000
Revaluation15,00015,000
At 31/10/2019395,000395,000
These financial statements for the year ended 31-10-2019 are the prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".The property is being measured at fair value under FRS 102 and fair value gains and losses are reported in profit or loss.
FRS 102 also requires deferred tax to be accounted for on assets that are subject to revaluation. Consequently, deferred tax of £2,850 (2018: £1,922) was recognised at 31 October 2019 to reflect the provisions of FRS 102.The profit on revaluation at 31 October 2019 has been reported in profit or loss and the effect on profit for the year-ended 31 October 2019 is an increase in profit for amount £15,000 (2018: £10,118).
4. DEBTORS 20192018
££
Amounts falling due within one year
Prepayments231224
Accrued income-1,850
2312,074
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20192018
££
Directors current account152,698153,698
Trade creditors10280
152,800153,778
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20192018
££
Fleet Mortgages > 1 yrs243,035240,000
243,035240,000
Agaram Properties Ltd
7. EMPLOYEES
20192018
No.No.
Average number of employees--
8. PROVISIONS FOR LIABILITIES 20192018
££
Deferred taxation4,7721,922
4,7721,922
9. SHARE CAPITAL 20192018
££
Allotted, issued and fully paid:
200 Ordinary shares of £1 each200200
200200
New shares issued during period:
200 Ordinary shares of £1 each200200
-200