2022-04-01 10186149 2023-03-31 10186149 2022-04-01 2023-03-31 10186149 2022-03-31 10186149 2021-04-01 2022-03-31 10186149 uk-core:WithinOneYear 2022-03-31 10186149 uk-core:WithinOneYear 2023-03-31 10186149 uk-core:AfterOneYear 2022-03-31 10186149 uk-core:AfterOneYear 2023-03-31 10186149 uk-core:ShareCapital 2023-03-31 10186149 uk-core:ShareCapital 2022-03-31 10186149 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 10186149 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 10186149 uk-bus:Director1 2022-04-01 2023-03-31 10186149 uk-core:AfterOneYear uk-core:Secured 2023-03-31 10186149 uk-core:AfterOneYear uk-core:Secured 2022-03-31 iso4217:GBP xbrli:pure 10186149 uk-bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 10186149 uk-bus:FRS102 2022-04-01 2023-03-31 10186149 uk-bus:FullAccounts 2022-04-01 2023-03-31 10186149 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31
ABVG Karma Ltd
Registered Number:10186149
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2023
ABVG Karma Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
10186149
As at 31 March 2023
ABVG Karma Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
3
2,200,000
2,200,000
Investment property
2,200,000
2,200,000
Current assets
Trade and other receivables
2,027
2,317
4
10,788
Cash and cash equivalents
9,086
11,403
12,815
Trade and other payables: amounts falling due within one
year
(5,483)
(8,857)
5
7,332
2,546
Net current assets
Total assets less current liabilities
2,202,546
2,207,332
Trade and other payables: amounts falling due after more
than one year
(1,712,983)
(1,692,383)
6
(90,012)
(90,012)
Provisions for liabilities
420,151
Net assets
404,337
Capital and reserves
Called up share capital
4
4
Retained earnings
420,147
404,333
420,151
404,337
Shareholders' funds
For the year ended 31 March 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr V Gupta Director
These financial statements were approved and authorised for issue by the Board on 15 September 2023 and were signed by:
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4
Registered Number :
10186149
For the year ended 31 March 2023
ABVG Karma Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 4
5
For the year ended 31 March 2023
ABVG Karma Ltd
Notes to the Financial Statements
Statutory Information
ABVG Karma Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
10186149.
Registered address:
3 Mayfield Avenue
Harrow
HA3 8EX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is represents rent receivable and it is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
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.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Property, plant and equipment
In respect of certain fixed assets stated at valuations, the comparable historical cost and depreciation values are as
follows:
Historical cost
£
1,726,251
At 01 April 2022
1,726,251
Net historical cost value:
At 31 March 2022
At 31 March 2023
1,726,251
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6
For the year ended 31 March 2023
ABVG Karma Ltd
Notes to the Financial Statements Continued
3. Investment property
Total
£
Fair value
At 01 April 2022
2,200,000
At 31 March 2023
2,200,000
Net book value
At 31 March 2023
2,200,000
At 31 March 2022
2,200,000
4. Trade and other receivables
2022
2023
£
£
Other debtors
2,317
2,027
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Taxation and social security
3,710
2,969
Other creditors
5,147
2,514
8,857
5,483
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
14,567
19,167
Bank loans and overdraft (secured)
1,477,816
1,477,816
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
200,000
216,000
1,692,383
1,712,983
7. Average number of persons employed
During the year the average number of employees was 0
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