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REGISTERED NUMBER: 05345328 (England and Wales)


Financial Statements

for the Period 1 February 2022 to 28 February 2023

for

Krishna Properties No. 1 Limited

Krishna Properties No. 1 Limited (Registered number: 05345328)






Contents of the Financial Statements
for the Period 1 February 2022 to 28 February 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Krishna Properties No. 1 Limited

Company Information
for the Period 1 February 2022 to 28 February 2023







DIRECTORS: Mrs Asha Suresh Daji
Mrs Dipikaben Mahesh Daji
Mr Suresh Chhotubhai Daji





SECRETARY: Mr Suresh Chhotubhai Daji





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 05345328 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Krishna Properties No. 1 Limited (Registered number: 05345328)

Statement of Financial Position
28 February 2023

28.2.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 62,500 62,500
Property, plant and equipment 5 9,762 9,613
72,262 72,113

CURRENT ASSETS
Inventories 25,126 23,932
Debtors 6 689 841
Cash at bank and in hand 11,475 8,772
37,290 33,545
CREDITORS
Amounts falling due within one year 7 99,037 81,452
NET CURRENT LIABILITIES (61,747 ) (47,907 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,515

24,206

CAPITAL AND RESERVES
Called up share capital 8 3 3
Retained earnings 10,512 24,203
SHAREHOLDERS' FUNDS 10,515 24,206

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2023 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.

Krishna Properties No. 1 Limited (Registered number: 05345328)

Statement of Financial Position - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 27 September 2023 and were signed on its behalf by:





Mrs Asha Suresh Daji - Director


Krishna Properties No. 1 Limited (Registered number: 05345328)

Notes to the Financial Statements
for the Period 1 February 2022 to 28 February 2023

1. STATUTORY INFORMATION

Krishna Properties No. 1 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net sales value of goods, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 28 February 2023 62,500
NET BOOK VALUE
At 28 February 2023 62,500
At 31 January 2022 62,500

Krishna Properties No. 1 Limited (Registered number: 05345328)

Notes to the Financial Statements - continued
for the Period 1 February 2022 to 28 February 2023

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 February 2022 52,685
Additions 2,850
At 28 February 2023 55,535
DEPRECIATION
At 1 February 2022 43,072
Charge for period 2,701
At 28 February 2023 45,773
NET BOOK VALUE
At 28 February 2023 9,762
At 31 January 2022 9,613

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 31.1.22
£    £   
Other debtors 689 841

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 31.1.22
£    £   
Bank loans and overdrafts - 109
Trade creditors 6,550 3,152
Taxation and social security 3,862 2,395
Other creditors 88,625 75,796
99,037 81,452

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 31.1.22
value: £    £   
3 Ordinary 1 3 3

9. RELATED PARTY DISCLOSURES

During the year, the Company has paid rent of £13,000 (2022: £12,000) in respect of the business property owned by Directors.