Registered number
05027132
R.K.R. PROPERTY INVESTMENT LIMITED
Filleted Accounts
31 January 2024
R.K.R. PROPERTY INVESTMENT LIMITED
Registered number: 05027132
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Investment property 3 420,245 420,245
Current assets
Cash at bank and in hand 1,820 3,879
Creditors: amounts falling due within one year 4 (210,195) (210,174)
Net current liabilities (208,375) (206,295)
Total assets less current liabilities 211,870 213,950
Creditors: amounts falling due after more than one year 5 (99,325) (109,044)
Net assets 112,545 104,906
Capital and reserves
Called up share capital 100 100
Profit and loss account 112,445 104,806
Shareholders' funds 112,545 104,906
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Alpesh Patel
Director
Approved by the board on 30 August 2024
R.K.R. PROPERTY INVESTMENT LIMITED
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Rental income
Rental income represents rent receivable, excluding value-added tax.
Investment property
Investment properties are included at fair values. Any surplus or deficit is dealt with through profit and loss. No depreciation is provided in respect of investment properties.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Investment properties
£
Fair value
At 1 February 2023 420,245
At 31 January 2024 420,245
Above fair value was estimated by company directors at 31 January 2024
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 11,000 11,000
Trade creditors 1,063 1,053
Taxes and social security 1,792 2,251
Directors and family loans 196,340 195,870
210,195 210,174
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 99,325 109,044
6 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 55,325 65,044
Secured bank loans 110,325 120,044
Bank loans are secured by charges over the asset of the company. Director and company secretary have also given their personal guarantee.
7 Other information
R.K.R. PROPERTY INVESTMENT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
46 Oakleigh Avenue
Edgware
Middlesex
HA8 5DR
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