Registered number
10859920
K & R ESTATES INVESTMENTS LTD
Unaudited Filleted Accounts
31 July 2023
TEMPLETONS (UK) LIMITED
CHARTERED ACCOUNTANTS
309 HOE STREET
WALTHAMSTOW
LONDON E17 9BG
K & R ESTATES INVESTMENTS LTD
Registered number: 10859920
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 14,349,678 8,641,202
Current assets
Debtors 4 490,543 2,708
Cash at bank and in hand 57,131 43,874
547,674 46,582
Creditors: amounts falling due within one year 5 (4,498,584) (3,220,182)
Net current liabilities (3,950,910) (3,173,600)
Total assets less current liabilities 10,398,768 5,467,602
Creditors: amounts falling due after more than one year 6 (7,477,038) (4,548,179)
Provisions for liabilities (495,250) (144,667)
Net assets 2,426,480 774,756
Capital and reserves
Called up share capital 10 10
Revaluation reserve 7 2,103,533 608,944
Profit and loss account 322,937 165,802
Shareholder's funds 2,426,480 774,756
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr R V Raithatha
Director
Approved by the board on 31 July 2024
K & R ESTATES INVESTMENTS LTD
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents rent receivable during the year.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Investment Properties At valuation
Motor Vehicles 20% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Motor vehicles Total
£ £ £
Cost/Valuation ( valuation )
At 1 August 2022 8,575,000 69,000 8,644,000
Additions 5,114,469 70,895 5,185,364
Surplus on revaluation 1,845,172 - 1,845,172
Disposals (1,294,641) - (1,294,641)
At 31 July 2023 14,240,000 139,895 14,379,895
Depreciation
At 1 August 2022 - 2,798 2,798
Charge for the year - 27,419 27,419
At 31 July 2023 - 30,217 30,217
Net book value
At 31 July 2023 14,240,000 109,678 14,349,678
At 31 July 2022 8,575,000 66,202 8,641,202
Freehold land and buildings: 2023 2022
£ £
Historical cost 11,643,044 7,823,216
Cumulative depreciation based on historical cost - -
11,643,044 7,823,216
4 Debtors 2023 2022
£ £
Other debtors 490,543 2,708
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans (see note 6) 58,432 124,300
Obligations under finance lease and hire purchase contracts 10,157 -
Amounts owed to group undertakings and undertakings in which the company has a participating interest (see note 8 below) 4,157,658 2,980,243
Taxation and social security costs 42,974 13,217
Other creditors 229,363 102,422
4,498,584 3,220,182
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 7,408,568 4,504,703
Obligations under finance lease and hire purchase contracts 68,470 43,476
7,477,038 4,548,179
Bank loans are secured by a mortgage over the company investment properties and personal guarantees provided by directors of the company.
7 Revaluation reserve 2023 2022
£ £
At 1 August 2022 608,944 518,505
Gain on revaluation of land and buildings 1,845,171 111,653
Deferred taxation arising on the revaluation of land and buildings (350,582) (21,214)
At 31 July 2023 2,103,533 608,944
8 Related party transactions
K & R Investments Limited is 100% owned by K & R Estates Developments Limited, a company in which Mr R V Raithatha and Mrs K R Raithatha are both shareholders and Directors throughout the year.

At the year end, K & R Investments Limited owed £4,128,908 ( 2022 - £2,950,243) to K & R Estates Limited, a company which is also 100% owned by K & R Estates Developments Limited, as disclosed in note 5 above.

At the year end , K & R Estates Developments Limited owed £28,750 ( 2022 - £20,000) to K & R Investments Limited and this is disclosed in note 5 above.
9 Controlling party
The company was under the control of Mr R V Raithatha and Mrs K R Raithatha, both Directors of the company throughout the year.
10 Other information
K & R ESTATES INVESTMENTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
309 Hoe Street
Walthamstow
London
E17 9BG
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