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Registration number: 12095303

Kals Property Limited

Unaudited Financial Statements

for the Year Ended 31 July 2023

 

Kals Property Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 4

 

Kals Property Limited

(Registration number: 12095303)
Statement of Financial Position as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

50

50

Current assets

 

Debtors

5

309,706

309,706

Cash at bank and in hand

 

5,662

1,754

 

315,368

311,460

Creditors: Amounts falling due within one year

6

(286,096)

(290,786)

Net current assets

 

29,272

20,674

Net assets

 

29,322

20,724

Capital and reserves

 

Called up share capital

100

100

Retained earnings

29,222

20,624

Shareholders' funds

 

29,322

20,724

 

Kals Property Limited

(Registration number: 12095303)
Statement of Financial Position as at 31 July 2023

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 18 April 2024 and signed on its behalf by:
 

.........................................
K Hussamy
Director

.........................................
S H Hussamy
Director

 
     
 

Kals Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
C/O Fabrics & Yarns (Macclesfield) Ltd
Charter Way
Macclesfield
SK10 2NG
England

These financial statements were authorised for issue by the Board on 18 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Going concern

The financial statements have been prepared on a going concern basis.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Kals Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Investments

2023
£

2022
£

Investments in joint ventures

50

50

Joint ventures

£

Cost

At 1 August 2022

50

Provision

Carrying amount

At 31 July 2023

50

At 31 July 2022

50

5

Debtors

Note

2023
£

2022
£

Amounts owed by related parties

309,706

309,706

 

309,706

309,706

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

1,320

1,260

Other creditors

284,776

289,526

286,096

290,786