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REGISTERED NUMBER: 11186272 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

RK INVESCO LTD

RK INVESCO LTD (REGISTERED NUMBER: 11186272)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RK INVESCO LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mrs Manisha Karavadra
Mr Lakhman Karavadra





SECRETARY:





REGISTERED OFFICE: 28 Hamilton Avenue
Harborne
Birmingham
West Midlands
B17 8AJ





REGISTERED NUMBER: 11186272 (England and Wales)





ACCOUNTANTS: Ark Aurora Ltd
Chartered Accountants & Chartered Tax Advisers
The Maltings
2 Anderson Rd
Bearwood
Birmingham
West Midlands
B66 4AR

RK INVESCO LTD (REGISTERED NUMBER: 11186272)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 474 632
Investment property 5 3,102,701 3,046,526
3,103,175 3,047,158

CURRENT ASSETS
Debtors 6 682 857
Cash at bank and in hand 103,718 69,819
104,400 70,676
CREDITORS
Amounts falling due within one year 7 1,050,293 1,019,798
NET CURRENT LIABILITIES (945,893 ) (949,122 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,157,282

2,098,036

CREDITORS
Amounts falling due after more than one
year

8

(2,088,311

)

(2,088,310

)

PROVISIONS FOR LIABILITIES (28 ) (24 )
NET ASSETS 68,943 9,702

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 68,843 9,602
68,943 9,702

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

RK INVESCO LTD (REGISTERED NUMBER: 11186272)

BALANCE SHEET - 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 22 November 2023 and were signed on its behalf by:





Mr Lakhman Karavadra - Director


RK INVESCO LTD (REGISTERED NUMBER: 11186272)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

RK Invesco 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 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 2 (2022 - 2 ) .

RK INVESCO LTD (REGISTERED NUMBER: 11186272)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2022
and 28 February 2023 1,124
DEPRECIATION
At 1 March 2022 492
Charge for year 158
At 28 February 2023 650
NET BOOK VALUE
At 28 February 2023 474
At 28 February 2022 632

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 3,046,526
Additions 56,175
At 28 February 2023 3,102,701
NET BOOK VALUE
At 28 February 2023 3,102,701
At 28 February 2022 3,046,526

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 682 857

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Tax 14,840 3,273
Other creditors 12,393 9,700
Directors' current accounts 1,021,170 1,003,230
Accrued expenses 1,890 3,595
1,050,293 1,019,798

RK INVESCO LTD (REGISTERED NUMBER: 11186272)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans more 5 yr by instal 2,088,311 2,088,310

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,088,311 2,088,310