Company Registration No. 10479819 (England and Wales)
KHAN PROPERTY MANAGEMENT LIMITED
Unaudited accounts
for the year ended 30 November 2020
KHAN PROPERTY MANAGEMENT LIMITED
Statement of financial position
as at 30 November 2020
Tangible assets
1,284
1,619
Cash at bank and in hand
14,086
10,580
Creditors: amounts falling due within one year
(3,537)
(2,151)
Net current assets
14,399
8,429
Total assets less current liabilities
15,683
10,048
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
15,573
9,926
Shareholders' funds
15,673
10,026
For the year ending 30 November 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 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.
The financial statements were approved by the Board and authorised for issue on 15 April 2021 and were signed on its behalf by
Fazal Subkhan
Director
Company Registration No. 10479819
KHAN PROPERTY MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 30 November 2020
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 2020
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2019
2,750
500
3,250
At 30 November 2020
2,750
500
3,250
At 1 December 2019
1,342
289
1,631
Charge for the year
282
53
335
At 30 November 2020
1,624
342
1,966
At 30 November 2020
1,126
158
1,284
At 30 November 2019
1,408
211
1,619
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
2,905
1,569
7
Deferred taxation
2020
2019
Accelerated capital allowances
10
22
Provision at start of year
22
39
Credited to the profit and loss account
(12)
(17)
Provision at end of year
10
22
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
KHAN PROPERTY MANAGEMENT LIMITED
Notes to the Accounts
for the year ended 30 November 2020
9
Average number of employees
During the year the average number of employees was 1 (2019: 0).