Company Registration No. 09002755 (England and Wales)
AXELL PROPERTIES LTD
Unaudited accounts
for the year ended 30 April 2020
AXELL PROPERTIES LTD
Unaudited accounts
Contents
AXELL PROPERTIES LTD
Company Information
for the year ended 30 April 2020
Directors
Ajit Hanspal
Amarjeet Hanspal
Company Number
09002755 (England and Wales)
Registered Office
UNIT 3 HORTON CLOSE
CHANCERYGATE INDUSTRIAL ESTATE
WEST DRAYTON
UB7 8EW
ENGLAND
Accountants
Asmita & Associates Ltd
114-116 Plumstead High Street
Plumstead
London
SE18 1SJ
AXELL PROPERTIES LTD
Statement of financial position
as at 30 April 2020
Investment property
357,144
98,801
Cash at bank and in hand
59,998
9,526
Creditors: amounts falling due within one year
(194,603)
(112,445)
Net current liabilities
(134,605)
(102,919)
Total assets less current liabilities
222,539
(4,118)
Creditors: amounts falling due after more than one year
(239,088)
-
Net liabilities
(16,549)
(4,118)
Called up share capital
100
100
Profit and loss account
(16,649)
(4,218)
Shareholders' funds
(16,549)
(4,118)
For the year ending 30 April 2020 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 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 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.
The financial statements were approved by the Board of Directors and authorised for issue on 11 February 2021 and were signed on its behalf by
Ajit Hanspal
Director
Company Registration No. 09002755
AXELL PROPERTIES LTD
Notes to the Accounts
for the year ended 30 April 2020
AXELL PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 09002755. The registered office is UNIT 3 HORTON CLOSE, CHANCERYGATE INDUSTRIAL ESTATE, WEST DRAYTON, UB7 8EW, 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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 May 2019
98,801
5
Creditors: amounts falling due within one year
2020
2019
Loans from directors
193,883
111,905
6
Creditors: amounts falling due after more than one year
2020
2019
7
Average number of employees
During the year the average number of employees was 0 (2019: 0).
