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REGISTERED NUMBER: 03807586 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

R K & L R Ltd

R K & L R Ltd (Registered number: 03807586)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

R K & L R Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: K Mistry
K R Mistry





SECRETARY: J Mistry





REGISTERED OFFICE: 91 Scarle Road
Wembley
Middlesex
HA0 4SS





REGISTERED NUMBER: 03807586 (England and Wales)





ACCOUNTANTS: St James's Associates Limited
Statutory Auditors
Orion House
5 Upper St Martin's Lane
London
WC2H 9EA

R K & L R Ltd (Registered number: 03807586)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 521,182 917,296
521,182 917,296

CURRENT ASSETS
Investments 6 17,763 18,282
Cash at bank 197,138 36,901
214,901 55,183
CREDITORS
Amounts falling due within one year 7 315,843 570,844
NET CURRENT LIABILITIES (100,942 ) (515,661 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

420,240

401,635

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 420,141 401,536
SHAREHOLDERS' FUNDS 420,240 401,635

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

R K & L R Ltd (Registered number: 03807586)

Balance Sheet - continued
31 July 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 Board of Directors and authorised for issue on 13 April 2024 and were signed on its behalf by:





K Mistry - Director


R K & L R Ltd (Registered number: 03807586)

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

1. STATUTORY INFORMATION

R K & L R Ltd 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.

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 modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Invetment properties
Investment properties are stated at their open market values.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

R K & L R Ltd (Registered number: 03807586)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 48,048
DEPRECIATION
At 1 August 2022
and 31 July 2023 48,048
NET BOOK VALUE
At 31 July 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 917,296
Disposals (403,563 )
Revaluations 7,449
At 31 July 2023 521,182
NET BOOK VALUE
At 31 July 2023 521,182
At 31 July 2022 917,296

The investment property was valued at their open market values by the directors as at 31 July 2023.

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2013 224,746
Valuation in 2014 29,000
Valuation in 2015 10,000
Valuation in 2016 3,950
Valuation in 2017 (8,679 )
Valuation in 2019 25,516
Valuation in 2020 18,032
Valuation in 2021 6,860
Valuation in 2022 38,054
Valuation in 2023 7,449
Cost 166,254
521,182

R K & L R Ltd (Registered number: 03807586)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. CURRENT ASSET INVESTMENTS
31.7.23 31.7.22
£    £   
Other 17,763 18,282

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 204,442 374,900
Taxation and social security 43,578 -
Other creditors 67,823 195,944
315,843 570,844

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank loans 204,442 374,900

The company has bank loans amounting to £204,441.88 which are secured on the company's freehold investment property.

R K & L R Ltd

Report of the Accountants to the Directors of
R K & L R Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2023 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






St James's Associates Limited
Statutory Auditors
Orion House
5 Upper St Martin's Lane
London
WC2H 9EA


Date: .............................................