11774612falseletting of rental properties2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-12-31http://www.companieshouse.gov.uk/cd:Director12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-12-31http://www.companieshouse.gov.uk/cd:Director22023-01-012023-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-01-012023-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-01-012023-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-12-31http://www.companieshouse.gov.uk/2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/cd:FRS1022023-01-012023-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-01-012023-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-01-012023-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 11774612

KRG Lettings Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023

Prepared By:
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL

KRG Lettings Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
Mr R A Gokani
Mrs K Gokani
REGISTERED OFFICE
Parkgate
38 The Promenade
Wellingborough
Northants
NN8 5AL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11774612
ACCOUNTANTS
Berry Kearsley Stockwell Ltd
Accountants
Sterling House
31-32 High Street
Wellingborough
Northants
NN8 4HL

KRG Lettings Limited

ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts5
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

KRG Lettings Limited

BALANCE SHEET AT 31/12/2023
20232022
Notes££
FIXED ASSETS
Tangible assets3780,000820,000
CURRENT ASSETS
Debtors51,045441
Cash at bank and in hand28,27216,133
29,31716,574
CREDITORS: Amounts falling due within one year6132,980131,822
NET CURRENT LIABILITIES(103,663)(115,248)
TOTAL ASSETS LESS CURRENT LIABILITIES676,337704,752
CREDITORS: Amounts falling due after more than one year7586,721586,649
PROVISIONS FOR LIABILITIES AND CHARGES913,24320,843
NET ASSETS76,37397,260
CAPITAL AND RESERVES
Called up share capital1022
Fair value reserve1c,1156,45588,855
Profit and loss account19,9168,403
SHAREHOLDERS' FUNDS76,37397,260

KRG Lettings Limited

BALANCE SHEET AT 31/12/2023
For the year ending 31/12/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 12/08/2024 and signed on their behalf by
.............................
Mr R A Gokani
Director
.............................
Mrs K Gokani

KRG Lettings Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.
1c. Revaluation Reserve
Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the fair value reserve (see also note11).
Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account.
2. EMPLOYEES
20232022
No.No.
Average number of employees--
3. TANGIBLE FIXED ASSETS
Cost
At 31/12/2023
Depreciation
At 31/12/2023
Net Book Amounts
At 31/12/2023

KRG Lettings Limited

4. INVESTMENT PROPERTIES
Investment
PropertiesTotal
££
Fair value
At 01/01/2023820,000820,000
Revaluation(40,000)(40,000)
At 31/12/2023780,000780,000
The investment properties held by the company were valued at open market value at the 31st December 2023, by a director of the company. Open market value was considered to be the fair value of the properties.
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors563-
Prepayments482441
1,045441
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax2,7011,573
Directors current account129,577129,577
Accruals702672
132,980131,822
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (secured) >1yr435,496435,496
Intercompany loan >1yr151,225151,153
586,721586,649

KRG Lettings Limited

8. SECURED CREDITORS
20232022
££
Amount of bank loans and overdrafts which are secured435,496435,496
The secured bank loans owed by the Company, after one year, as at the 31st December 2023 were £435,496 (2022: £435,496). The Mortgage Works (UK) PLC has a first legal mortgage and charge over two of the investment properties owned by the Company. Charter Court Financial Services Limited has a charge over one of the investement properties owned by the Company.
9. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation13,24320,843
13,24320,843
10. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22
11. REVALUATION RESERVE 20232022
££
Fair value reserve56,45588,855
56,45588,855