1 August 2022 false No description of principal activity Taxfiler 2024.4 12719376business:PrivateLimitedCompanyLtd2022-08-012023-07-31 127193762022-07-31 127193762022-08-012023-07-31 12719376business:AuditExempt-NoAccountantsReport2022-08-012023-07-31 12719376business:FilletedAccounts2022-08-012023-07-31 127193762023-07-31 12719376business:Director12022-08-012023-07-31 12719376business:RegisteredOffice2022-08-012023-07-31 127193762022-07-31 12719376core:WithinOneYear2023-07-31 12719376core:WithinOneYear2022-07-31 12719376core:AfterOneYear2023-07-31 12719376core:AfterOneYear2022-07-31 12719376core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 12719376core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 12719376core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 12719376core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 12719376core:PreviouslyStatedAmount2023-07-31 12719376core:PreviouslyStatedAmount2022-07-31 12719376business:SmallEntities2022-08-012023-07-31 12719376countries:EnglandWales2022-08-012023-07-31 12719376business:OrdinaryShareClass12022-08-012023-07-31 12719376business:OrdinaryShareClass12021-08-012022-07-31 127193762021-08-012022-07-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 12719376 (England and Wales)
KHAMBA CAPITAL 2 LIMITED Unaudited accounts for the year ended 31 July 2023
KHAMBA CAPITAL 2 LIMITED Unaudited accounts Contents
Page
- 2 -
KHAMBA CAPITAL 2 LIMITED Company Information for the year ended 31 July 2023
Director
Warjinder Singh KHAMBA
Company Number
12719376 (England and Wales)
Registered Office
25 LLANBERIS GROVE NOTTINGHAM NG8 5DP ENGLAND
- 3 -
KHAMBA CAPITAL 2 LIMITED Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
693,916 
665,000 
Current assets
Debtors
122,140 
162,150 
Cash at bank and in hand
94 
272 
122,234 
162,422 
Creditors: amounts falling due within one year
(1,112)
(737)
Net current assets
121,122 
161,685 
Total assets less current liabilities
815,038 
826,685 
Creditors: amounts falling due after more than one year
(1,031,634)
(972,284)
Net liabilities
(216,596)
(145,599)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(216,597)
(145,600)
Shareholders' funds
(216,596)
(145,599)
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 director acknowledges his 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 and authorised for issue on 31 July 2024 and were signed on its behalf by
Warjinder Singh KHAMBA Director Company Registration No. 12719376
- 4 -
KHAMBA CAPITAL 2 LIMITED Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
KHAMBA CAPITAL 2 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12719376. The registered office is 25 LLANBERIS GROVE, NOTTINGHAM, NG8 5DP, 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.
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.
4
Investment property
2023 
£ 
Fair value at 1 August 2022
665,000 
Additions
28,916 
At 31 July 2023
693,916 
Valuation provided by VAS GROUP PANEL - 18/03/2022 - £665,000
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
122,140 
162,150 
- 5 -
KHAMBA CAPITAL 2 LIMITED Notes to the Accounts for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
375 
100 
Loans from directors
312 
312 
Accruals
425 
325 
1,112 
737 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
459,500 
432,250 
Other creditors
572,134 
540,034 
1,031,634 
972,284 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 6 -