Company Registration No. 10479819 (England and Wales)
KHAN PROPERTY MANAGEMENT LIMITED
Unaudited accounts
for the year ended 30 November 2022
KHAN PROPERTY MANAGEMENT LIMITED
Statement of financial position
as at 30 November 2022
Cash at bank and in hand
15,327
15,205
Creditors: amounts falling due within one year
(4,855)
(4,982)
Net current assets
14,367
14,783
Total assets less current liabilities
15,176
15,802
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
15,076
15,700
Shareholders' funds
15,176
15,800
For the year ending 30 November 2022 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 12 December 2022 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 2022
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 2022
4
Tangible fixed assets
Total
5
Deferred taxation
2022
2021
Accelerated capital allowances
-
2
Provision at start of year
2
10
Credited to the profit and loss account
(2)
(8)
Provision at end of year
-
2
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Average number of employees
During the year the average number of employees was 1 (2021: 1).
