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REGISTERED NUMBER: 05991053 (England and Wales)















Financial Statements

for the Year Ended 30 November 2023

for

KHIMANI INVESTMENT LIMITED

KHIMANI INVESTMENT LIMITED (Registered number: 05991053)

Contents of the Financial Statements
for the year ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KHIMANI INVESTMENT LIMITED

Company Information
for the year ended 30 November 2023







DIRECTOR: Mrs S Patel





SECRETARY: Mr R Patel





REGISTERED OFFICE: Khimani Residence
19 Elmsleigh Avenue
Kenton
Harrow
Middlesex
HA3 8HX





REGISTERED NUMBER: 05991053 (England and Wales)





ACCOUNTANTS: KBMD Limited
Chartered Certified Accountants
Maple House
382 Kenton Road
Harrow
Middlesex
HA3 9DP

KHIMANI INVESTMENT LIMITED (Registered number: 05991053)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £ £
FIXED ASSETS
Tangible assets 4 2,428,082 2,308,609

CURRENT ASSETS
Cash at bank 11,773 13,861

CREDITORS
Amounts falling due within one year 5 (185,647 ) (279,256 )
NET CURRENT LIABILITIES (173,874 ) (265,395 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,254,208

2,043,214

CREDITORS
Amounts falling due after more than one
year

6

(2,380,797

)

(2,141,573

)
NET LIABILITIES (126,589 ) (98,359 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (126,689 ) (98,459 )
SHAREHOLDERS' FUNDS (126,589 ) (98,359 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

KHIMANI INVESTMENT LIMITED (Registered number: 05991053)

Balance Sheet - continued
30 November 2023


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 director and authorised for issue on 16 August 2024 and were signed by:





Mrs S Patel - Director


KHIMANI INVESTMENT LIMITED (Registered number: 05991053)

Notes to the Financial Statements
for the year ended 30 November 2023


1. STATUTORY INFORMATION

KHIMANI INVESTMENT 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 net rental income received, 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 (2022 - NIL).

KHIMANI INVESTMENT LIMITED (Registered number: 05991053)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£ £ £ £
COST
At 1 December 2022 2,308,523 6,311 2,165 2,316,999
Additions 119,495 - - 119,495
At 30 November 2023 2,428,018 6,311 2,165 2,436,494
DEPRECIATION
At 1 December 2022 - 6,247 2,143 8,390
Charge for year - 16 6 22
At 30 November 2023 - 6,263 2,149 8,412
NET BOOK VALUE
At 30 November 2023 2,428,018 48 16 2,428,082
At 30 November 2022 2,308,523 64 22 2,308,609

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£ £
Other creditors 185,647 279,256

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£ £
Bank loans 1,490,796 431,322
Other creditors 890,001 1,710,251
2,380,797 2,141,573

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more than 5 yrs 1,490,796 431,322

7. DEBENTURES AND CHARGES

Onesavings Bank PLC has a charge dated 27 March 2023 over 93 Kenton Lane, Onesavings Bank PLC has a charge dated 21 December 2022 over 95 Kenton Lane and Capital Home Loans Limited have a charge dated 28th February 2007 over 133 Whitchurch Lane, Edgware.