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REGISTERED NUMBER: 10595695 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2023

FOR

KALBANDI LIMITED

KALBANDI LIMITED (REGISTERED NUMBER: 10595695)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KALBANDI LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







DIRECTORS: S Kalbandi
Mrs S V Sudhambika





REGISTERED OFFICE: 1 Horseshoe Drive
Red Lodge
Bury St Edmunds
Suffolk
IP28 8ER





REGISTERED NUMBER: 10595695 (England and Wales)





ACCOUNTANTS: NKT Accountants
11 Kings Court
Willie Snaith Road
Newmarket
Suffolk
CB8 7SG

KALBANDI LIMITED (REGISTERED NUMBER: 10595695)

BALANCE SHEET
28TH FEBRUARY 2023

28/2/23 28/2/22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 815,000 770,000

CURRENT ASSETS
Debtors 5 960 735
Cash at bank 65,071 743
66,031 1,478
CREDITORS
Amounts falling due within one year 6 134,913 144,389
NET CURRENT LIABILITIES (68,882 ) (142,911 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

746,118

627,089

CREDITORS
Amounts falling due after more than one
year

7

(572,880

)

(509,200

)

PROVISIONS FOR LIABILITIES (24,480 ) (15,930 )
NET ASSETS 148,758 101,959

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 111,659 75,209
Retained earnings 36,999 26,650
148,758 101,959

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

The members have not required the company to obtain an audit of its financial statements for the year ended 28th 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.

KALBANDI LIMITED (REGISTERED NUMBER: 10595695)

BALANCE SHEET - continued
28TH 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 25th November 2023 and were signed on its behalf by:





S Kalbandi - Director


KALBANDI LIMITED (REGISTERED NUMBER: 10595695)

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

1. STATUTORY INFORMATION

Kalbandi Limited 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.

Although the company was insolvent at the balance sheet date the accounts have been prepared on the going concern basis. The company is dependent upon the continued support of the directors.

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

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 NIL (2022 - NIL).

KALBANDI LIMITED (REGISTERED NUMBER: 10595695)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st March 2022 770,000
Revaluations 45,000
At 28th February 2023 815,000
NET BOOK VALUE
At 28th February 2023 815,000
At 28th February 2022 770,000

Fair value at 28th February 2023 is represented by:
£   
Valuation in 2019 13,616
Valuation in 2020 21,692
Valuation in 2021 25,831
Valuation in 2022 30,000
Valuation in 2023 45,000
Cost 678,861
815,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Other debtors 960 735

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Taxation and social security 2,428 1,165
Other creditors 132,485 143,224
134,913 144,389

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28/2/23 28/2/22
£    £   
Other creditors 572,880 509,200

KALBANDI LIMITED (REGISTERED NUMBER: 10595695)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
28/2/23 28/2/22
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 572,880 509,200

8. SECURED DEBTS

The following secured debts are included within creditors:

28/2/23 28/2/22
£    £   
Other loans 572,880 509,200

The mortgages are secured on the freehold properties to which they relate.

9. RESERVES
Revaluation
reserve
£   
At 1st March 2022 75,209
revaluation in year 45,000
Deferred tax on investment
property (8,550 )

At 28th February 2023 111,659

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28th February 2023 and 28th February 2022:

28/2/23 28/2/22
£    £   
S Kalbandi and Mrs S V Sudhambika
Balance outstanding at start of year (142,763 ) (149,023 )
Amounts advanced 14,890 11,532
Amounts repaid (4,139 ) (5,272 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (132,012 ) (142,763 )