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Company Registration No. 04819240 (England and Wales)
GROUPKHAN LIMITED Unaudited accounts for the year ended 31 July 2023
GROUPKHAN LIMITED Unaudited accounts Contents
Page
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GROUPKHAN LIMITED Company Information for the year ended 31 July 2023
Directors
Faisal KHAN Faisal KHAN
Secretary
Firdous Parveen KHAN
Company Number
04819240 (England and Wales)
Registered Office
21 HYDE PARK ROAD LEEDS LS6 1PY ENGLAND
Accountants
HLA Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY
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GROUPKHAN LIMITED Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
528,498 
476,982 
Current assets
Debtors
1,894 
- 
Cash at bank and in hand
170,136 
201,758 
172,030 
201,758 
Creditors: amounts falling due within one year
(460,078)
(500,759)
Net current liabilities
(288,048)
(299,001)
Total assets less current liabilities
240,450 
177,981 
Creditors: amounts falling due after more than one year
(130,065)
(108,276)
Net assets
110,385 
69,705 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
110,285 
69,605 
Shareholders' funds
110,385 
69,705 
For the year ending 31 July 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2024 and were signed on its behalf by
Faisal KHAN Director Company Registration No. 04819240
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GROUPKHAN LIMITED Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
GROUPKHAN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04819240. The registered office is 21 HYDE PARK ROAD, LEEDS, LS6 1PY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% straight line method.
Plant & machinery
20% diminishing balance method.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Trading activity
Developing building project and letting and collecting income.
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GROUPKHAN LIMITED Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
478,231 
6,137 
484,368 
Additions
- 
57,869 
57,869 
At 31 July 2023
478,231 
64,006 
542,237 
Depreciation
At 1 August 2022
4,088 
3,298 
7,386 
Charge for the year
- 
6,353 
6,353 
At 31 July 2023
4,088 
9,651 
13,739 
Net book value
At 31 July 2023
474,143 
54,355 
528,498 
At 31 July 2022
474,143 
2,839 
476,982 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,894 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
308,673 
298,302 
Amounts owed to group undertakings and other participating interests
45,340 
45,340 
Taxes and social security
1,249 
2,629 
Loans from directors
103,816 
81,569 
Accruals
1,000 
72,919 
460,078 
500,759 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
130,065 
108,276 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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