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REGISTERED NUMBER: 03269274 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Kapoor Estates Ltd

Kapoor Estates Ltd (Registered number: 03269274)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Kapoor Estates Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr R K Kapoor
Mrs A Kapoor





REGISTERED OFFICE: 17 Sandy Lodge Raod
Rickmansworth
WD3 1LP





REGISTERED NUMBER: 03269274 (England and Wales)





ACCOUNTANTS: Integral Associates Limited
Unit 25 Sarum Complex
Salisbury Road
Uxbridge
Middlesex
UB8 2RZ

Kapoor Estates Ltd (Registered number: 03269274)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 10,000 10,000
Investment property 5 850,000 1,146,883
860,000 1,156,883

CURRENT ASSETS
Debtors 6 157,615 157,615
Cash at bank 24,880 9,628
182,495 167,243
CREDITORS
Amounts falling due within one year 7 67,236 75,616
NET CURRENT ASSETS 115,259 91,627
TOTAL ASSETS LESS CURRENT
LIABILITIES

975,259

1,248,510

CREDITORS
Amounts falling due after more than
one year

8

(323,002

)

(620,726

)

PROVISIONS FOR LIABILITIES (62,097 ) (62,097 )
NET ASSETS 590,160 565,687

Kapoor Estates Ltd (Registered number: 03269274)

Statement of Financial Position - continued
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 3 3
Retained earnings 11 590,157 565,684
SHAREHOLDERS' FUNDS 590,160 565,687

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

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 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.

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 20 November 2023 and were signed on its behalf by:





Mr R K Kapoor - Director


Kapoor Estates Ltd (Registered number: 03269274)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Kapoor Estates Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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 statement of financial position date.


Kapoor Estates Ltd (Registered number: 03269274)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

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 2 (2022 - 1 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 10,000
NET BOOK VALUE
At 31 March 2023 10,000
At 31 March 2022 10,000

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 1,146,883
Disposals (296,883 )
At 31 March 2023 850,000
NET BOOK VALUE
At 31 March 2023 850,000
At 31 March 2022 1,146,883

Kapoor Estates Ltd (Registered number: 03269274)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. INVESTMENT PROPERTY - continued

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2017 429,533
Cost 420,467
850,000

The property was revalued by Lamberts Chartered Surveyors and has not changed in value since then.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed by group undertakings 11,202 11,202
Other debtors 146,413 146,413
157,615 157,615

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 42,849 59,403
Taxation and social security 2,875 -
Other creditors 21,512 16,213
67,236 75,616

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 323,002 620,726

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 365,851 680,129

Kapoor Estates Ltd (Registered number: 03269274)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
3 Ordinary Shares £1 3 3

11. RESERVES
Retained
earnings
£   

At 1 April 2022 565,684
Profit for the year 24,473
At 31 March 2023 590,157