IRIS Accounts Production v18.3.0.592 02825176 Board of Directors 1.4.17 31.3.18 31.3.18 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure028251762017-03-31028251762018-03-31028251762017-04-012018-03-31028251762016-03-31028251762016-04-012017-03-31028251762017-03-3102825176ns15:EnglandWales2017-04-012018-03-3102825176ns14:PoundSterling2017-04-012018-03-3102825176ns10:Director12017-04-012018-03-3102825176ns10:PrivateLimitedCompanyLtd2017-04-012018-03-3102825176ns10:SmallEntities2017-04-012018-03-3102825176ns10:AuditExempt-NoAccountantsReport2017-04-012018-03-3102825176ns10:SmallCompaniesRegimeForDirectorsReport2017-04-012018-03-3102825176ns10:SmallCompaniesRegimeForAccounts2017-04-012018-03-3102825176ns10:FullAccounts2017-04-012018-03-3102825176ns10:Director22017-04-012018-03-3102825176ns10:Director32017-04-012018-03-3102825176ns10:Director42017-04-012018-03-3102825176ns10:CompanySecretary12017-04-012018-03-3102825176ns10:RegisteredOffice2017-04-012018-03-3102825176ns5:CurrentFinancialInstruments2018-03-3102825176ns5:CurrentFinancialInstruments2017-03-3102825176ns5:ShareCapital2018-03-3102825176ns5:ShareCapital2017-03-3102825176ns5:RevaluationReserve2018-03-3102825176ns5:RevaluationReserve2017-03-3102825176ns5:RetainedEarningsAccumulatedLosses2018-03-3102825176ns5:RetainedEarningsAccumulatedLosses2017-03-3102825176ns5:LandBuildings2017-04-012018-03-3102825176ns5:LandBuildings2017-03-3102825176ns5:LandBuildings2018-03-3102825176ns5:LandBuildings2017-03-3102825176ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-03-3102825176ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-03-3102825176ns5:RevaluationReserve2017-03-31


















KARBARON PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2018






KARBARON PROPERTIES LIMITED (REGISTERED NUMBER: 02825176)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KARBARON PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTORS: M Karbaron
H Karbaron
M P Karbaron
S A Karbaron





SECRETARY: M Karbaron





REGISTERED OFFICE: 201 Haverstock Hill
London
NW3 4QG





REGISTERED NUMBER: 02825176 (England and Wales)





ACCOUNTANTS: AEL Markhams Ltd
Chartered Accountants
201 Haverstock Hill
London
NW3 4QG

KARBARON PROPERTIES LIMITED (REGISTERED NUMBER: 02825176)

BALANCE SHEET
31 MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,409,999 1,550,000

CURRENT ASSETS
Debtors 5 2,374 4,624
Investments 6 879,406 552,079
Cash at bank 426,495 543,776
1,308,275 1,100,479
CREDITORS
Amounts falling due within one year 7 89,132 97,742
NET CURRENT ASSETS 1,219,143 1,002,737
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,629,142

2,552,737

PROVISIONS FOR LIABILITIES - 32,346
NET ASSETS 2,629,142 2,520,391

CAPITAL AND RESERVES
Called up share capital 4 4
Revaluation reserve 8 699,885 754,223
Retained earnings 1,929,253 1,766,164
SHAREHOLDERS' FUNDS 2,629,142 2,520,391

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

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.

KARBARON PROPERTIES LIMITED (REGISTERED NUMBER: 02825176)

BALANCE SHEET - continued
31 MARCH 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 8 October 2018 and were signed on its behalf by:





M Karbaron - Director


KARBARON PROPERTIES LIMITED (REGISTERED NUMBER: 02825176)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1. STATUTORY INFORMATION

Karbaron Properties Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - property not depreciated

Land and buildings include the freehold properties carried at their revalued amounts.
The freehold properties were revalued by the director on the open market basis. Any accumulated depreciation at
the date of revaluation is eliminated against the gross carrying amount of the asset and the net amount is restated
to the revalued amount of the asset.

Any revaluation increase in the carrying amount of land and buildings after allowing for deferred tax is
recognised in other comprehensive income and included in a revaluation reserve in equity.

On disposal, the difference between the net disposal proceeds and the carrying amount of the item
sold is recognised in profit or loss, and included in other operating income.

The use of a policy of revaluation provides more relevant and reliable information about the value of the
property owned by the company. The effects of the change in accounting policy on the financial statements are
illustrated in note 5.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial
assets and liabilities like trade and other accounts receivable and payable and loans to related parties.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are
measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to
be paid or received.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for
objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised
though profit or loss.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between
an asset's carrying amount and the best estimate of the recoverable amount, which is an approximation of the
amount that the Company would receive for the asset if it were to be sold at the reporting date.


KARBARON PROPERTIES LIMITED (REGISTERED NUMBER: 02825176)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 4 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 April 2017 1,550,000
Disposals (140,001 )
At 31 March 2018 1,409,999
NET BOOK VALUE
At 31 March 2018 1,409,999
At 31 March 2017 1,550,000

Cost or valuation at 31 March 2018 is represented by:

Land and
buildings
£   
Valuation in 2017 676,561
Cost 733,438
1,409,999

The investment properties were valued on the open market basis on 31 March 2017 by Mr Monte Karbaron (Director)
.

KARBARON PROPERTIES LIMITED (REGISTERED NUMBER: 02825176)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 2,374 4,624

6. CURRENT ASSET INVESTMENTS
2018 2017
£    £   
Listed investments 879,406 552,079

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Taxation and social security 28,881 41,881
Other creditors 60,251 55,861
89,132 97,742

8. RESERVES
Revaluation
reserve
£   
At 1 April 2017 754,223
Realised gain or loss on revaluation reserve (86,684 )
Unrealised gain or loss on revaluation
reserve

32,346


At 31 March 2018 699,885