REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 OCTOBER 2021 |
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PRAVEENA PROPERTY SERVICES LTD |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 OCTOBER 2021 |
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FOR |
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PRAVEENA PROPERTY SERVICES LTD |
PRAVEENA PROPERTY SERVICES LTD (REGISTERED NUMBER: 10409059) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 OCTOBER 2021 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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PRAVEENA PROPERTY SERVICES LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 OCTOBER 2021 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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PRAVEENA PROPERTY SERVICES LTD (REGISTERED NUMBER: 10409059) |
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BALANCE SHEET |
30 OCTOBER 2021 |
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2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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PRAVEENA PROPERTY SERVICES LTD (REGISTERED NUMBER: 10409059) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 OCTOBER 2021 |
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1. | STATUTORY INFORMATION |
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Praveena Property Services Ltd is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future with the continuing support of its directors, shareholders and another company under common control. |
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As at 30 October 2021, the company had net liabilities of £91,595. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Fixtures, fittings & equipment | - |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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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. |
PRAVEENA PROPERTY SERVICES LTD (REGISTERED NUMBER: 10409059) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 OCTOBER 2021 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Fixtures, |
fittings |
& equipment |
£ |
COST |
At 31 October 2020 |
and 30 October 2021 |
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DEPRECIATION |
At 31 October 2020 |
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Charge for year |
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At 30 October 2021 |
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NET BOOK VALUE |
At 30 October 2021 |
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At 30 October 2020 |
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5. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 31 October 2020 |
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Additions |
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At 30 October 2021 |
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NET BOOK VALUE |
At 30 October 2021 |
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At 30 October 2020 |
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As at 30 October 2021, the Investment Property is stated at fair value, which the directors believe to be a good indication of the current value. |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Taxation and social security |
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Other creditors |
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PRAVEENA PROPERTY SERVICES LTD (REGISTERED NUMBER: 10409059) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 OCTOBER 2021 |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2021 | 2020 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
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9. | RELATED PARTY DISCLOSURES |
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Another company under common control provides a loan to the company. The loan is interest-free and at the balance sheet date the amount of £1,197,299 (2020 £582,299) was outstanding. |