0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,683,710 350,170 33,674 383,844 1,299,866 1,333,540 xbrli:pure xbrli:shares iso4217:GBP 04991587 2022-04-01 2023-03-31 04991587 2023-03-31 04991587 2022-03-31 04991587 2021-04-01 2022-03-31 04991587 2022-03-31 04991587 2021-03-31 04991587 core:LandBuildings core:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 04991587 bus:Director1 2022-04-01 2023-03-31 04991587 bus:Director2 2022-04-01 2023-03-31 04991587 bus:Director3 2022-04-01 2023-03-31 04991587 core:LandBuildings 2022-03-31 04991587 core:LandBuildings 2023-03-31 04991587 core:WithinOneYear 2023-03-31 04991587 core:WithinOneYear 2022-03-31 04991587 core:ShareCapital 2023-03-31 04991587 core:ShareCapital 2022-03-31 04991587 core:RevaluationReserve 2023-03-31 04991587 core:RevaluationReserve 2022-03-31 04991587 core:RetainedEarningsAccumulatedLosses 2023-03-31 04991587 core:RetainedEarningsAccumulatedLosses 2022-03-31 04991587 core:LandBuildings 2022-04-01 2023-03-31 04991587 core:LandBuildings 2022-03-31 04991587 bus:SmallEntities 2022-04-01 2023-03-31 04991587 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 04991587 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 04991587 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 04991587 bus:FullAccounts 2022-04-01 2023-03-31
COMPANY REGISTRATION NUMBER: 04991587
Kristan Ltd
Filleted Unaudited Financial Statements
31 March 2023
Kristan Ltd
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
4
1,299,866
1,333,540
Current assets
Debtors
5
101,278
68,778
Cash at bank and in hand
5,315
14,791
---------
--------
106,593
83,569
Creditors: amounts falling due within one year
6
479,746
500,634
---------
---------
Net current liabilities
373,153
417,065
------------
------------
Total assets less current liabilities
926,713
916,475
---------
---------
Capital and reserves
Called up share capital
100
100
Revaluation reserve
1,000,000
1,000,000
Profit and loss account
( 73,387)
( 83,625)
------------
------------
Shareholders funds
926,713
916,475
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Kristan Ltd
Statement of Financial Position (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 15 March 2024 , and are signed on behalf of the board by:
Balram Puri
Hemant Puri
Director
Director
Noreen Puri
Director
Company registration number: 04991587
Kristan Ltd
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Pomodoro House, St Leonards Road, London, NW10 6ST, UK.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold Property
-
2% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Tangible assets
Land and buildings
£
Cost
At 1 April 2022 and 31 March 2023
1,683,710
------------
Depreciation
At 1 April 2022
350,170
Charge for the year
33,674
------------
At 31 March 2023
383,844
------------
Carrying amount
At 31 March 2023
1,299,866
------------
At 31 March 2022
1,333,540
------------
5. Debtors
2023
2022
£
£
Trade debtors
12,500
Other debtors
88,778
68,778
---------
--------
101,278
68,778
---------
--------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
2,762
8,650
Other creditors
476,984
491,984
---------
---------
479,746
500,634
---------
---------
7. Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under FRSSE.