Ghai Real Estates Limited Filleted accounts for Companies House (small and micro)
Ghai Real Estates Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
12397687
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Statement of Financial Position |
31 Dec 20 |
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Note |
£ |
Fixed assets
Tangible assets |
4 |
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Current assets
Debtors |
5 |
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Cash at bank and in hand |
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-------- |
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Creditors: amounts falling due within one year |
6 |
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--------- |
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Net current liabilities |
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--------- |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
7 |
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Net assets |
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-------- |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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-------- |
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Shareholders funds |
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-------- |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
12 August 2021
, and are signed on behalf of the board by:
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Director |
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Company registration number:
12397687
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Notes to the Financial Statements |
Period from 10 January 2020 to 31 December 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Agincourt Villas, Uxbridge Road, Hillingdon, Middlesex, UB10 0NX.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Tangible assets
Investment property
4.
Tangible assets
Freehold property |
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£ |
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Cost |
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At 10 January 2020 |
– |
Additions |
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At 31 December 2020 |
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Depreciation |
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At 10 January 2020 and 31 December 2020 |
– |
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Carrying amount |
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At 31 December 2020 |
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Included within the above is investment property as follows:
£ |
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At 10 January 2020 |
– |
Additions |
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At 31 December 2020 |
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The property was revalued by the director at the year end and is considered by him to be reflective of the true and fair value at the balance sheet date.
5.
Debtors
31 Dec 20 |
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£ |
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Other debtors |
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------- |
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6.
Creditors:
amounts falling due within one year
31 Dec 20 |
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£ |
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Corporation tax |
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Other creditors |
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7.
Creditors:
amounts falling due after more than one year
31 Dec 20 |
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£ |
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Bank loans and overdrafts |
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-------- |
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8.
Director's advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:
31 Dec 20 |
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Balance brought forward |
Advances/ (credits) to the director |
Balance outstanding |
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£ |
£ |
£ |
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– |
(
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(
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9.
Related party transactions
The company was under the control of the director. At the balance sheet date other creditors include an interest free loan of £881,625 from Ghai & Co Limited in which Mr Kamal Kumar Ghai is the director and holds 100% shares in the company. The loan was taken to finance the purchase of the investment properties. This loan is unsecured, interest free and repayable on demand. It will definitely become repayable at the sale of the investment property.