IRIS Accounts Production v24.1.9.2 04726894 Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh047268942023-03-31047268942024-03-31047268942023-04-012024-03-31047268942022-03-31047268942022-04-012023-03-31047268942023-03-3104726894ns15:EnglandWales2023-04-012024-03-3104726894ns14:PoundSterling2023-04-012024-03-3104726894ns10:Director12023-04-012024-03-3104726894ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104726894ns10:SmallEntities2023-04-012024-03-3104726894ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104726894ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104726894ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104726894ns10:FullAccounts2023-04-012024-03-3104726894ns5:Associate12023-04-012024-03-3104726894ns10:OrdinaryShareClass12023-04-012024-03-3104726894ns10:Director22023-04-012024-03-3104726894ns10:CompanySecretary12023-04-012024-03-3104726894ns10:RegisteredOffice2023-04-012024-03-3104726894ns5:CurrentFinancialInstruments2024-03-3104726894ns5:CurrentFinancialInstruments2023-03-3104726894ns5:Non-currentFinancialInstruments2024-03-3104726894ns5:Non-currentFinancialInstruments2023-03-3104726894ns5:ShareCapital2024-03-3104726894ns5:ShareCapital2023-03-3104726894ns5:RetainedEarningsAccumulatedLosses2024-03-3104726894ns5:RetainedEarningsAccumulatedLosses2023-03-3104726894ns5:CostValuation2024-03-31047268941ns5:Associate12023-04-012024-03-3104726894ns5:Associate12024-03-3104726894ns5:Associate12023-03-3104726894ns5:Associate12022-04-012023-03-3104726894ns5:CostValuation2023-03-3104726894ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-03-3104726894ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-03-3104726894ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 04726894 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

AKV LIMITED

AKV LIMITED (REGISTERED NUMBER: 04726894)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AKV LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mrs K Visram
Mr S Visram





SECRETARY: Mrs K Visram





REGISTERED OFFICE: 1 Doughty Street
London
WC1N2PH





REGISTERED NUMBER: 04726894 (England and Wales)






AKV LIMITED (REGISTERED NUMBER: 04726894)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 52,500 52,500

CURRENT ASSETS
Debtors 5 200,000 300,000
Cash at bank 214,243 110,138
414,243 410,138
CREDITORS
Amounts falling due within one year 6 2,325 1,500
NET CURRENT ASSETS 411,918 408,638
TOTAL ASSETS LESS CURRENT
LIABILITIES

464,418

461,138

CREDITORS
Amounts falling due after more than one year 7 296,905 295,137
NET ASSETS 167,513 166,001

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 167,511 165,999
SHAREHOLDERS' FUNDS 167,513 166,001

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

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 31st July 2024 and were signed on its behalf by:





Mrs K Visram - Director


AKV LIMITED (REGISTERED NUMBER: 04726894)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

AKV Limited 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.

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Participating interests 250 250
Loans to undertakings in which the company has a
participating interest

52,250

52,250
52,500 52,500

AKV LIMITED (REGISTERED NUMBER: 04726894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


4. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Interest
in
associate
undertaking
£   
COST
At 1st April 2023
and 31st March 2024 250
NET BOOK VALUE
At 31st March 2024 250
At 31st March 2023 250

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

Leighcrest Limited
Registered office:
Nature of business: Property investment
%
Class of shares: holding
Ordinary 25.00
31/12/23 31/12/22
£    £   
Aggregate capital and reserves - 128,161
Profit for the year - 9,765

Financial statements for the year ended 31st December 2023 are not yet available.
Loans to
associates
£   
At 1st April 2023
and 31st March 2024 52,250

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other debtors 200,000 300,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 215 -
Other creditors 2,110 1,500
2,325 1,500

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 296,905 295,137

AKV LIMITED (REGISTERED NUMBER: 04726894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

9. RELATED PARTY DISCLOSURES

In the previous year, the company received an interest free, unsecured loan of £300,000 from the sole shareholder.
The amount due to her as on 31st March 2024 was £296,905 (2023: £295,137).

10. ULTIMATE CONTROLLING PARTY

The company was under the control of Mrs Kulsum Visram, who is also a director, throughout the period.