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REGISTERED NUMBER: 04515566 (England and Wales)






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: Mrs W K Law





SECRETARY: Mrs W K Law





REGISTERED OFFICE: 100 Boldmere Road
Sutton Coldfield
West Midlands
B73 5UB





REGISTERED NUMBER: 04515566 (England and Wales)





ACCOUNTANTS: Weatherer Bailey Bragg
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 1,297,370 1,295,529

CURRENT ASSETS
Debtors 5 294,312 285,700
Cash at bank 42,787 58,984
337,099 344,684
CREDITORS
Amounts falling due within one year 6 (735,889 ) (771,139 )
NET CURRENT LIABILITIES (398,790 ) (426,455 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

898,580

869,074

CREDITORS
Amounts falling due after more than one
year

7

(153,904

)

(159,792

)
NET ASSETS 744,676 709,282

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 744,674 709,280
SHAREHOLDERS' FUNDS 744,676 709,282

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

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


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 director and authorised for issue on 16 January 2024 and were signed by:





Mrs W K Law - Director


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 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 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 1,295,529
Additions 1,841
At 30 September 2023 1,297,370
NET BOOK VALUE
At 30 September 2023 1,297,370
At 30 September 2022 1,295,529

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 16,008 15,866
Amounts owed by related undertakings 276,931 268,055
Prepayments 1,373 1,779
294,312 285,700

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/23 30/9/22
£    £   
Bank loans and overdrafts 5,938 5,825
Trade creditors - 893
Amounts owed to related undertakings 254,380 292,748
Corporation tax payable 8,257 12,620
Social security & other taxes - 1,206
VAT 877 1,129
Other creditors 2,150 2,150
Directors' loan accounts 451,543 424,447
Accrued expenses 12,744 30,121
735,889 771,139

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/9/23 30/9/22
£    £   
Bank loans - 1-2 years 6,056 5,938
Bank loans - 2-5 years 13,761 16,103
Bank loans - more than 5 years 134,087 137,751
153,904 159,792

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 159,842 165,617

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: £    £   
2 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
£    £   
Mrs W K Law
Balance outstanding at start of year (424,447 ) (421,577 )
Amounts advanced 9,297 8,895
Amounts repaid (36,393 ) (11,765 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (451,543 ) (424,447 )

No interest is charged on directors loans and there are no fixed repayment terms.