REGISTERED NUMBER: |
KRYSTAL INVESTMENTS (UK) LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
REGISTERED NUMBER: |
KRYSTAL INVESTMENTS (UK) LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
KRYSTAL INVESTMENTS (UK) LIMITED (REGISTERED NUMBER: 04515566) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 30 September 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
KRYSTAL INVESTMENTS (UK) LIMITED |
COMPANY INFORMATION |
for the year ended 30 September 2023 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
100 Boldmere Road |
Sutton Coldfield |
West Midlands |
B73 5UB |
KRYSTAL INVESTMENTS (UK) LIMITED (REGISTERED NUMBER: 04515566) |
BALANCE SHEET |
30 September 2023 |
30/9/23 | 30/9/22 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges her 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. |
KRYSTAL INVESTMENTS (UK) LIMITED (REGISTERED NUMBER: 04515566) |
BALANCE SHEET - continued |
30 September 2023 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
KRYSTAL INVESTMENTS (UK) LIMITED (REGISTERED NUMBER: 04515566) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 30 September 2023 |
1. | STATUTORY INFORMATION |
Krystal Investments (UK) Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
As at 30 September 2023, the company's balance sheet reflected net current liabilities amounting to £398,790. However, included within creditors due within one year is an amount of £451,543 due to the director. The director has given assurances that they will not request full repayment of this loan until other creditors of the company have been repaid. In addition, related undertakings that are due £254,380 have also given assurances that they will not request full repayment until such a time that funds are available.Therefore the director considers the going concern basis of preparation to be appropriate. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. |
Turnover represents the profit share from the company's investment in a restaurant. |
Other operating income represents rental income from property lettings and is recognised in the income statement in the period to which it relates. |
Fixed asset investments |
Fixed asset investments comprise investment properties which are revalued each year by the directors and any surplus or deficit is reflected on the income statement. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 October 2022 |
Additions |
At 30 September 2023 |
NET BOOK VALUE |
At 30 September 2023 |
At 30 September 2022 |
KRYSTAL INVESTMENTS (UK) LIMITED (REGISTERED NUMBER: 04515566) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 September 2023 |
4. | FIXED ASSET INVESTMENTS - continued |
The above investment relates to four investment properties which cost £1,297,370. |
Fixed asset investments were valued annually on an open market basis by the director. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/9/23 | 30/9/22 |
£ | £ |
Trade debtors |
Amounts owed by related undertakings |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/9/23 | 30/9/22 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to related undertakings |
Corporation tax payable |
Social security & other taxes |
VAT |
Other creditors |
Directors' loan accounts |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30/9/23 | 30/9/22 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
Bank loans - more than 5 years |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans - more than 5 years | 134,087 | 137,751 |
KRYSTAL INVESTMENTS (UK) LIMITED (REGISTERED NUMBER: 04515566) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 September 2023 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
30/9/23 | 30/9/22 |
£ | £ |
Bank loans |
The UK Government has provided a guarantee for the bounce back loan of £8,839 should the company default on repayment. |
The other loan of £151,003 is secured by way of a charge on a property. |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30/9/23 | 30/9/22 |
value: | £ | £ |
Ordinary | £1 | 2 | 2 |
10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022: |
30/9/23 | 30/9/22 |
£ | £ |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) | ( |
) |
No interest is charged on directors loans and there are no fixed repayment terms. |