Aarti Properties Limited - Filleted accounts

Aarti Properties Limited
Registered number:		05242321
Balance Sheet
as at 31 December 2016

Notes			2016			2015
£				£
Fixed assets
Investments	2		3,027,308			3,027,308

Current assets
Debtors	3	924			-
Cash at bank and in hand		46,345			63,768
		47,269			63,768

Creditors: amounts falling due within one year	4	(166,983)			(161,500)

Net current liabilities			(119,714)			(97,732)

Total assets less current liabilities			2,907,594			2,929,576

Creditors: amounts falling due after more than one year	5		(1,981,653)			(2,077,617)

Net assets			925,941			851,959

Capital and reserves
Called up share capital			90			90
Profit and loss account			925,851			851,869

Shareholders' funds			925,941			851,959

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Dhirendra N Shah
Director
Approved by the board on 12 July 2017

Aarti Properties Limited
Notes to the Accounts
for the year ended 31 December 2016


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue received from renting of the company's investment property. Turnover from the renting of property is recognised by reference to terms of the agreement or lease granted to the occupier.

	Investments
	Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation resrve

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Investments

	Property			£
	Cost
	At 1 January 2016			3,027,308

	At 31 December 2016			3,027,308


3	Debtors	2016		2015
£			£

	Other debtors	924		-


4	Creditors: amounts falling due within one year	2016		2015
£			£

	Bank loans - current instalments	55,285		55,285
	Rent received in advance	39,375		39,375
	Corporation tax	28,108		28,380
	Other taxes and social security costs	58		-
	Other creditors	44,157		38,460
		166,983		161,500


5	Creditors: amounts falling due after one year	2016		2015
£			£

	Bank loans	89,822		142,360
	Director's loan account	799,231		757,657
	Other creditors	1,092,600		1,177,600
		1,981,653		2,077,617


6	Loans	2016		2015
£			£
	Creditors include:

	Secured bank loans	145,108		197,645

	The bank loan is secured on the investment property of the company.


7	Other information

	Aarti Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
	22 South Road
	Southall
	Middlesex
	UB1 1RT