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COMPANY REGISTRATION NUMBER: 13301978
R K RESIDENCE LTD
Filleted Unaudited Financial Statements
31 March 2023
R K RESIDENCE LTD
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
4
208,070
77,465
Current assets
Debtors
5
743
Cash at bank and in hand
73
10,762
----
--------
73
11,505
Creditors: amounts falling due within one year
6
62,113
32,771
--------
--------
Net current liabilities
62,040
21,266
---------
--------
Total assets less current liabilities
146,030
56,199
Creditors: amounts falling due after more than one year
7
145,884
55,904
---------
--------
Net assets
146
295
---------
--------
Capital and reserves
Profit and loss account
146
295
----
----
Shareholders funds
146
295
----
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
R K RESIDENCE LTD
Statement of Financial Position (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 21 November 2023 , and are signed on behalf of the board by:
Mr A Khashad
Director
Company registration number: 13301978
R K RESIDENCE LTD
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 46 The Ridgeway, North Harrow, Harrow, Middlesex, HA2 7QN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.
Income tax
The taxation expense represents the amount of current tax which is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Tangible assets
Freehold property
Long leasehold property
Total
£
£
£
Cost
At 1 April 2022
77,465
77,465
Additions
130,605
130,605
--------
---------
---------
At 31 March 2023
77,465
130,605
208,070
--------
---------
---------
Depreciation
At 1 April 2022 and 31 March 2023
--------
---------
---------
Carrying amount
At 31 March 2023
77,465
130,605
208,070
--------
---------
---------
At 31 March 2022
77,465
77,465
--------
---------
---------
5. Debtors
2023
2022
£
£
Other debtors
743
----
----
6. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
78
Other creditors
62,113
32,693
--------
--------
62,113
32,771
--------
--------
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
145,884
55,904
---------
--------
The mortgages of £145,884 are secured by fixed charges against the company's properties and negative pledge.