Karvani's Properties Ltd 04940989 renting, selling, refurbishment and development of own properties. false 1 April 2023 04940989 2023-04-01 2024-03-31 04940989 2023-03-31 04940989 2024-03-31 04940989 2022-04-01 2023-03-31 04940989 2022-03-31 04940989 2023-03-31 04940989 frs102-bus:FRS102 2023-04-01 2024-03-31 04940989 frs102-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04940989 frs102-bus:FullAccounts 2023-04-01 2024-03-31 04940989 frs102-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04940989 frs102-core:CurrentFinancialInstruments 2024-03-31 04940989 frs102-core:CurrentFinancialInstruments 2023-03-31 04940989 frs102-core:Non-currentFinancialInstruments 2024-03-31 04940989 frs102-core:Non-currentFinancialInstruments 2023-03-31 04940989 frs102-core:ShareCapital 2024-03-31 04940989 frs102-core:ShareCapital 2023-03-31 04940989 frs102-core:RetainedEarningsAccumulatedLosses 2024-03-31 04940989 frs102-core:RetainedEarningsAccumulatedLosses 2023-03-31 04940989 frs102-bus:Director1 2023-04-01 2024-03-31 04940989 frs102-core:ToolsEquipment 2023-04-01 2024-03-31 04940989 frs102-core:Vehicles 2023-04-01 2024-03-31 04940989 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2023-03-31 04940989 frs102-core:Vehicles 2023-03-31 04940989 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2024-03-31 04940989 frs102-core:Vehicles 2024-03-31 04940989 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2023-04-01 2024-03-31 04940989 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2023-03-31 04940989 frs102-core:Vehicles 2023-03-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
04940989
Karvani's Properties Ltd
Unaudited Accounts
for the year ended
31 March 2024
Karvani's Properties Ltd
Balance Sheet
as at 31 March 2024
Notes
2024
£
2023
£
Fixed assets
Tangible assets 4 100 122
Investments 1,073,059 1,073,059
1,073,159 1,073,181
Current assets
Cash at bank and in hand 12,575 45,748
12,575 45,748
Creditors: amounts falling due within one year 5 (3,392) (2,347)
Net current assets / (liabilities) 9,183 43,401
Total assets less current liabilities 1,082,342 1,116,582
Creditors: amounts falling due after more than one year 6 (869,129) (859,076)
Provisions for liabilities (0) (0)
Total net assets (liabilities) 213,213 257,506
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 212,213 256,506
Shareholders' funds 213,213 257,506

Karvani's Properties Ltd
Balance Sheet
as at 31 March 2024



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 March 2024 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.

Signed on behalf of the board of directors

...............................

Mr A Karvani-dilmaghani

Director


Approved by the board on 27 August 2024

Company Number: 04940989 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

Syke House Farm Swillington Lane
Swillington
Leeds
LS26 8BZ

Karvani's Properties Ltd
Notes to the Accounts
for the year ended 31 March 2024

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Going concern basis
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Equipment 18% Reducing Balance
Vehicles 18% Reducing Balance
Investment property
Investment property is included at fair value, with any gains recognised in the profit and loss account for the period in which they occurred. Deferred tax is recognised on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Taxation represents the sum of tax currently payable and deferred tax. Current tax is calculated using tax rates that have been enacted or substantially enacted at the end of the reporting period. Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of part of the asset to be recovered.
2. Profit or loss

Profit before tax is stated after charging the following:

2024

2023
£ £

3. Employees
2024 2023
Average number of employees during the period 1 1

4. Tangible fixed assets
Equipment Vehicles Total
Cost or valuation £ £ £
At 1 April 2023 2,000 10,000 12,000
At 31 March 2024 2,000 10,000 12,000
Depreciation
At 1 April 2023 1,980 9,898 11,878
Charge for the period 4 18 22
At 31 March 2024 1,984 9,916 11,900
Net book value
At 31 March 2024 16 84 100
At 31 March 2023 20 102 122

5. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 1,815 1,815
Taxation & social security 1,577 532
3,392 2,347

6. Creditors: amounts falling due after one year
2024 2023
£ £
Bank Loans & overdrafts 634,857 603,709
Other 234,272 255,367
869,129 859,076