KHUSHI PROJECTS LTD Filleted Accounts Cover
KHUSHI PROJECTS LTD
Company No. 14555830
Information for Filing with The Registrar
31 December 2023
KHUSHI PROJECTS LTD Directors Report Registrar
The Director presents her report and the accounts for the period ended 31 December 2023.
Principal activities
The principal activity of the company during the period under review was Other letting and operating of own or leased real estate.
Director
The Director who served at any time during the period was as follows:
Nikita Rajkumar Vekariya
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
Nikita Rajkumar Vekariya
Director
31 December 2023
KHUSHI PROJECTS LTD Balance Sheet Registrar
at
31 December 2023
Company No.
14555830
Notes
2023
£
Fixed assets
Tangible assets
4
597,854
597,854
Current assets
Cash at bank and in hand
21,866
21,866
Creditors: Amount falling due within one year
5
(250,300)
Net current liabilities
(228,434)
Total assets less current liabilities
369,420
Creditors: Amounts falling due after more than one year
6
(384,914)
Net liabilities
(15,494)
Capital and reserves
Called up share capital
100
Profit and loss account
8
(15,594)
Total equity
(15,494)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the period ended 31 December 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 December 2023 and signed on its behalf by:
Nikita Rajkumar Vekariya
Director
31 December 2023
KHUSHI PROJECTS LTD Notes to the Accounts Registrar
for the period ended 31 December 2023
1
General information
KHUSHI PROJECTS LTD is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 14555830
Its registered office is:
4 Coniston Gardens
Ilford
England
IG4 5LU
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Taxation
Income 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 profit and loss account because of items of income or expense that are taxable or deductible in other years 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 the reporting period.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Currency
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2023
Number
The average monthly number of employees (including directors) during the period:
0
4
Tangible fixed assets
Land and buildings
Total
£
£
Cost or revaluation
Additions
597,854597,854
At 31 December 2023
597,854597,854
Depreciation
Net book values
At 31 December 2023
597,854597,854
5
Creditors:
amounts falling due within one year
2023
£
Other creditors
250,000
Accruals and deferred income
300
250,300
6
Creditors:
amounts falling due after more than one year
2023
£
Other loans
384,914
384,914
7
Share Capital
100 Ordinary £ 1 Shares have been subscribed at the time of incorporation.
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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