Aarti Properties Limited - Abbreviated accounts

AARTI PROPERTIES LIMITED - Company Information

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Registered number

05242321

Aarti Properties Limited

Abbreviated Accounts

31 December 2014

Ashton Shah & Co Limited

Chartered Certified Accountants

Laxmi House 2-b Draycott Avenue

Kenton Harrow Middlesex HA3 0BU

Aarti Properties Limited
Registered number:		05242321
Abbreviated Balance Sheet
as at 31 December 2014

Notes			2014			2013
£				£
Fixed assets
Investments	2		3,027,308			3,027,308

Current assets
Debtors		878			-
Cash at bank and in hand		39,421			41,973
		40,299			41,973

Creditors: amounts falling due within one year		(153,289)			(144,468)

Net current liabilities			(112,990)			(102,495)

Total assets less current liabilities			2,914,318			2,924,813

Creditors: amounts falling due after more than one year			(2,137,772)			(2,220,685)

Net assets			776,546			704,128

Capital and reserves
Called up share capital	4		90			90
Profit and loss account			776,456			704,038

Shareholders' funds			776,546			704,128

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 in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr Dhirendra N Shah
Director
Approved by the board on 24 June 2015

Aarti Properties Limited
Notes to the Abbreviated Accounts
for the year ended 31 December 2014

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Investment property
	Investment properties are accounted for in accordance with Financial Reporting Standard for Smaller Entities (effective 2015), as follows: (i) Investment properties are valued annually except during those years where, in the opinion of the Director, the valuation is not materially different to the book value. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year; and (ii) no depreciation is provided in respect of leasehold investment properties where the lease has over 20 years to run. Although the Companies Act would normally require the systematic annual depreciation of fixed assets, the director believes that the policy of not providing depreciation is necessary in order for the financial statements to give a true and fair view, since the current value of the investment properties, and changes to the current value, are of prime importance rather than a calculation of systematic annual depreciation. Depreciation is only one of the many factors reflected in the annual valuation, and the amount which might otherwise have been included cannot be separately indentified or quantified.



2	Investments					£

	Cost
	At 1 January 2014					3,027,308

	At 31 December 2014					3,027,308

3	Loans					2014		2013
£							£
	Creditors include:
	Secured bank loans					249,150		299,763


4	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		90		90		90