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Company Registration No. 11166137 (England and Wales)
35 Campbell Road Ltd Unaudited accounts for the year ended 30 May 2023
35 Campbell Road Ltd Unaudited accounts Contents
Page
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35 Campbell Road Ltd Statement of financial position as at 30 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
90,750 
- 
Investment property
36,000 
36,000 
Investments
4 
4 
126,754 
36,004 
Current assets
Debtors
656,960 
644,017 
Cash at bank and in hand
13,815 
26,553 
670,775 
670,570 
Creditors: amounts falling due within one year
(451,561)
(401,312)
Net current assets
219,214 
269,258 
Total assets less current liabilities
345,968 
305,262 
Creditors: amounts falling due after more than one year
(114,575)
(44,372)
Net assets
231,393 
260,890 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
231,392 
260,889 
Shareholders' funds
231,393 
260,890 
For the year ending 30 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 March 2024 and were signed on its behalf by
Karan Singh Gulati Director Company Registration No. 11166137
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35 Campbell Road Ltd Notes to the Accounts for the year ended 30 May 2023
1
Statutory information
35 Campbell Road Ltd is a private company, limited by shares, registered in England and Wales, registration number 11166137. The registered office is 71-75 SHELTON STREET, COVENT GARDEN, LONDON, WC2H 9JQ, UNITED KINGDOM.
2
Compliance with accounting standards
The financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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. The company has taken the advantage of exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
Taxation
Tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of reporting period. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgement, estimates and assumptions that affect the amounts reported. These estimates and judgement are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The items in the financial statements where these judgement and estimates include assessing the carrying value of investments, recoverability of debtors, current and deferred taxation, depreciation of tangible fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Rental Income The Rent receivable from the letting of its own properties is recognised on a receivable basis.
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35 Campbell Road Ltd Notes to the Accounts for the year ended 30 May 2023
Investment property
Investment property is initially recorded at cost, which includes purchase price and directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit and loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on Straight line basis
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 31 May 2022
- 
Additions
121,000 
At 30 May 2023
121,000 
Depreciation
Charge for the year
30,250 
At 30 May 2023
30,250 
Net book value
At 30 May 2023
90,750 
5
Investment property
2023 
£ 
Fair value at 31 May 2022
36,000 
At 30 May 2023
36,000 
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35 Campbell Road Ltd Notes to the Accounts for the year ended 30 May 2023
6
Investments
Subsidiary undertakings 
£ 
Valuation at 31 May 2022
4 
Valuation at 30 May 2023
4 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
7,530 
900 
Amounts due from group undertakings etc.
585,059 
610,117 
Accrued income and prepayments
31,371 
- 
Other debtors
33,000 
33,000 
656,960 
644,017 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
1,100 
- 
Amounts owed to group undertakings and other participating interests
375,701 
382,911 
Loans from directors
74,760 
17,901 
Accruals
- 
500 
451,561 
401,312 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
41,204 
44,372 
Obligations under finance leases and hire purchase contracts
73,371 
- 
114,575 
44,372 
10
Transactions with related parties
The company has taken advantage of the 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.
11
Controlling party
The ultimate controlling party is considered to be Mr K Gulati. Ultimate Parent Company In the opinion of directors, the ultimate parent company is KG Inc Ltd, a company incorporated in England and Wales. The company's registered office address is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
12
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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