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REGISTERED NUMBER: 07281654 (England and Wales)














REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

KHALBROS OFFICE LIMITED

KHALBROS OFFICE LIMITED (REGISTERED NUMBER: 07281654)

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










Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


KHALBROS OFFICE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: D F Khalastchi
M R Khalastchi





REGISTERED OFFICE: 20 York Place
Leeds
LS1 2EX





REGISTERED NUMBER: 07281654 (England and Wales)






KHALBROS OFFICE LIMITED (REGISTERED NUMBER: 07281654)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST MARCH 2024


The directors present their report with the financial statements of the company for the year ended 31st March 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1st April 2023 to the date of this report.

D F Khalastchi
M R Khalastchi

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





D F Khalastchi - Director


15th August 2024

KHALBROS OFFICE LIMITED (REGISTERED NUMBER: 07281654)

INCOME STATEMENT
FOR THE YEAR ENDED 31ST MARCH 2024

2024 2023
Notes £ £

TURNOVER 9,506 9,506

Administrative expenses (5,714 ) (6,050 )
OPERATING PROFIT 4 3,792 3,456


Interest payable and similar expenses (11,863 ) (11,546 )
LOSS BEFORE TAXATION (8,071 ) (8,090 )

Tax on loss - -
LOSS FOR THE FINANCIAL YEAR (8,071 ) (8,090 )

KHALBROS OFFICE LIMITED (REGISTERED NUMBER: 07281654)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 5 - 936
Investment property 6 250,000 250,000
250,000 250,936

CURRENT ASSETS
Debtors 7 2,318 5,100
Cash at bank 2,140 951
4,458 6,051
CREDITORS
Amounts falling due within one year 8 (3,486 ) (1,807 )
NET CURRENT ASSETS 972 4,244
TOTAL ASSETS LESS CURRENT LIABILITIES 250,972 255,180

CREDITORS
Amounts falling due after more than one year 9 (299,774 ) (295,911 )

PROVISIONS FOR LIABILITIES (3,500 ) (3,500 )
NET LIABILITIES (52,302 ) (44,231 )

CAPITAL AND RESERVES
Called up share capital 24 24
Fair value reserve 10 14,922 14,922
Retained earnings (67,248 ) (59,177 )
(52,302 ) (44,231 )

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.

KHALBROS OFFICE LIMITED (REGISTERED NUMBER: 07281654)

BALANCE SHEET - continued
31ST MARCH 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 15th August 2024 and were signed on its behalf by:





D F Khalastchi - Director


KHALBROS OFFICE LIMITED (REGISTERED NUMBER: 07281654)

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


1. STATUTORY INFORMATION

Khalbros Office 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.

Turnover
Turnover represents rental income receivable, excluding value added tax.

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. 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Going concern
At the balance sheet date, the company had net liabilities. However, the company is being supported by a loan from a shareholder, and the directors are confident that this funding will not be withdrawn in the near future. The directors therefore consider it appropriate to prepare the accounts on a going concern basis.

3. EMPLOYEES AND DIRECTORS

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

KHALBROS OFFICE LIMITED (REGISTERED NUMBER: 07281654)

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


4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£ £
Depreciation - owned assets 936 1,360

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1st April 2023
and 31st March 2024 5,731
DEPRECIATION
At 1st April 2023 4,795
Charge for year 936
At 31st March 2024 5,731
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 936

6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1st April 2023
and 31st March 2024 250,000
NET BOOK VALUE
At 31st March 2024 250,000
At 31st March 2023 250,000

If the investment properties had not been revalued, they would have been included in their historical cost of £231,578 (2023: £231,578).

The investment properties were valued on an open market value basis on 31 March 2024 by the directors.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 2,306 900
Other debtors 12 4,200
2,318 5,100

KHALBROS OFFICE LIMITED (REGISTERED NUMBER: 07281654)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 1,680 -
Taxation and social security 12 -
Other creditors 1,794 1,807
3,486 1,807

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Amounts owed to group undertakings 299,774 295,911

10. RESERVES
Fair value
reserve
£
At 1st April 2023
and 31st March 2024 14,922