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REGISTERED NUMBER: 12039781 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

R & K VENTURES LTD

R & K VENTURES LTD (REGISTERED NUMBER: 12039781)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R & K VENTURES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mr R R Mehta
Mr K Mehta





REGISTERED OFFICE: 22 Ansell Road
Tooting
London
SW17 7LS





REGISTERED NUMBER: 12039781 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co
Chartered Certified Accountants
4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL

R & K VENTURES LTD (REGISTERED NUMBER: 12039781)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 80,873 853
Investment property 5 800,000 850,000
880,873 850,853

CURRENT ASSETS
Debtors 6 28,203 24,901
Cash at bank 30,553 43,432
58,756 68,333
CREDITORS
Amounts falling due within one year 7 25,564 28,962
NET CURRENT ASSETS 33,192 39,371
TOTAL ASSETS LESS CURRENT
LIABILITIES

914,065

890,224

CREDITORS
Amounts falling due after more than one
year

8

784,547

768,797
NET ASSETS 129,518 121,427

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 (42,796 ) 7,204
Retained earnings 172,214 114,123
SHAREHOLDERS' FUNDS 129,518 121,427

R & K VENTURES LTD (REGISTERED NUMBER: 12039781)

BALANCE SHEET - continued
30 JUNE 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 17 November 2023 and were signed on its behalf by:





Mr K Mehta - Director


R & K VENTURES LTD (REGISTERED NUMBER: 12039781)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

R & K Ventures 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income.

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

Office Equipment - 25% on reducing balance
Motor Vehicle - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

R & K VENTURES LTD (REGISTERED NUMBER: 12039781)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Office
Equipment
£   
COST
At 1 July 2022 2,024
Additions 81,940
At 30 June 2023 83,964
DEPRECIATION
At 1 July 2022 1,171
Charge for year 1,920
At 30 June 2023 3,091
NET BOOK VALUE
At 30 June 2023 80,873
At 30 June 2022 853

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022 850,000
Impairments (50,000 )
At 30 June 2023 800,000
NET BOOK VALUE
At 30 June 2023 800,000
At 30 June 2022 850,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2021 7,204
Valuation in 2023 (50,000 )
Cost 842,796
800,000

Investment property was valued on an open market basis on 30 June 2023 by the Directors' .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 25,216 24,901
Other debtors 2,987 -
28,203 24,901

R & K VENTURES LTD (REGISTERED NUMBER: 12039781)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 8,400 -
Taxation and social security 8,662 21,253
Other creditors 8,502 7,709
25,564 28,962

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 59,750 -
Other creditors 724,797 768,797
784,547 768,797

9. RESERVES
Revaluation
reserve
£   
At 1 July 2022 7,204
Revaluation (50,000 )

At 30 June 2023 (42,796 )