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Company No: 04316496 (England and Wales)

KARAMINA LIMITED

Unaudited Financial Statements
For the financial period from 01 January 2023 to 31 July 2023
Pages for filing with the registrar

KARAMINA LIMITED

Unaudited Financial Statements

For the financial period from 01 January 2023 to 31 July 2023

Contents

KARAMINA LIMITED

COMPANY INFORMATION

For the financial period from 01 January 2023 to 31 July 2023
KARAMINA LIMITED

COMPANY INFORMATION (continued)

For the financial period from 01 January 2023 to 31 July 2023
DIRECTORS Kalpeshibhai Chandubhai Patel
Minesh Patel
Nalin Keshavlal Patel
Rajendra Chhotabhai Patel
SECRETARY Rajendra Chhotabhai Patel
REGISTERED OFFICE Camburgh House 27 New Dover Road
Canterbury
Kent
CT1 3DN
United Kingdom
COMPANY NUMBER 04316496 (England and Wales)
CHARTERED ACCOUNTANTS Burgess Hodgson LLP
Camburgh House
27 New Dover Road
Canterbury
CT1 3DN
KARAMINA LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 July 2023
KARAMINA LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 July 2023
31.07.2023 31.12.2022
£ £
Current assets
Debtors 4 8 0
Cash at bank and in hand 0 169,803
8 169,803
Creditors: amounts falling due within one year 5 0 ( 168,954)
Net current assets 8 849
Total assets less current liabilities 8 849
Net assets 8 849
Capital and reserves
Called-up share capital 8 8
Profit and loss account 0 841
Total shareholders' funds 8 849

For the financial period ending 31 July 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Karamina Limited (registered number: 04316496) were approved and authorised for issue by the Board of Directors on 21 September 2023. They were signed on its behalf by:

Rajendra Chhotabhai Patel
Director
KARAMINA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 January 2023 to 31 July 2023
KARAMINA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 January 2023 to 31 July 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Karamina Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Camburgh House 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

In 2022 the directors made the decision that the Company would cease trading and that the residual trading activities be transferred to certain fellow group companies. As a result the financial statements have been prepared on a basis other than the going concern basis of preparation. The directors have included in the financial statements any provision for future costs of terminating the business, which were committed to at the balance sheet date and where appropriate the Company's assets have been written down to their net realisable value.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

3. Employees

Period from
01.01.2023 to
31.07.2023
Year ended
31.12.2022
Number Number
Monthly average number of persons employed by the Company during the period, including directors 4 4

4. Debtors

31.07.2023 31.12.2022
£ £
Amounts owed by Group undertakings 8 0

5. Creditors: amounts falling due within one year

31.07.2023 31.12.2022
£ £
Amounts owed to Group undertakings 0 168,501
Other creditors 0 453
0 168,954

6. Related party transactions

Transactions with the entity's directors

31.07.2023 31.12.2022
£ £
At the period end the company owed the Directors: 0 454