Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.trueBuying and selling of own real estate2022-01-01false22falsefalse 13564272 2022-01-01 2023-03-31 13564272 2021-04-01 2021-12-31 13564272 2023-03-31 13564272 2021-12-31 13564272 c:Director1 2022-01-01 2023-03-31 13564272 d:CurrentFinancialInstruments 2023-03-31 13564272 d:CurrentFinancialInstruments 2021-12-31 13564272 d:Non-currentFinancialInstruments 2023-03-31 13564272 d:Non-currentFinancialInstruments 2021-12-31 13564272 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13564272 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 13564272 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 13564272 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 13564272 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 13564272 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-12-31 13564272 d:RetainedEarningsAccumulatedLosses 2023-03-31 13564272 d:RetainedEarningsAccumulatedLosses 2021-12-31 13564272 c:FRS102 2022-01-01 2023-03-31 13564272 c:AuditExempt-NoAccountantsReport 2022-01-01 2023-03-31 13564272 c:FullAccounts 2022-01-01 2023-03-31 13564272 c:PrivateLimitedCompanyLtd 2022-01-01 2023-03-31 13564272 e:PoundSterling 2022-01-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 13564272









KRRISH READING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
KRRISH READING LIMITED
REGISTERED NUMBER: 13564272

BALANCE SHEET
AS AT 31 MARCH 2023

31 March
31 December
2023
2021
Note
£
£

  

Current assets
  

Stocks
 4 
4,251,707
-

Debtors: amounts falling due within one year
 5 
96,148
-

Cash at bank and in hand
 6 
1,626
-

  
4,349,481
-

Creditors: amounts falling due within one year
 7 
(650,858)
-

Net current assets
  
 
 
3,698,623
 
 
-

Total assets less current liabilities
  
3,698,623
-

Creditors: amounts falling due after more than one year
 8 
(4,311,914)
-

  

Net (liabilities)/assets
  
(613,291)
-


Capital and reserves
  

Profit and loss account
  
(613,291)
-

  
(613,291)
-


Page 1

 
KRRISH READING LIMITED
REGISTERED NUMBER: 13564272
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 September 2024.




N Handa
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
KRRISH READING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

 Krrish Reading Limited is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 13564272. The address of the registered office is Hawke House, Old Station Road, Loughton, Essex, IG10 4PL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company has generated a loss of £613,291 (2021: £Nil) and has net liabilities of £613,291 (2022:  £Nil). The directors and group entities have continued to provided their ongoing support to the company after the financial year end. On this basis, the company has prepared accounts on the going concern basis and they do not include any adjustments which would be necessary if the going concern basis was not appropriate.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
KRRISH READING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the period was 2 (2021 - 2).


4.


Stocks

31 March
31 December
2023
2021
£
£

Stock
4,251,707
-

4,251,707
-



5.


Debtors

31 March
31 December
2023
2021
£
£


Other debtors
64,648
-

Prepayments and accrued income
31,500
-

96,148
-


Page 4

 
KRRISH READING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

6.


Cash and cash equivalents

31 March
31 December
2023
2021
£
£

Cash at bank and in hand
1,626
-

1,626
-



7.


Creditors: Amounts falling due within one year

31 March
31 December
2023
2021
£
£

Other creditors
648,858
-

Accruals and deferred income
2,000
-

650,858
-


Page 5

 
KRRISH READING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due after more than one year

31 March
31 December
2023
2021
£
£

Bank loans
4,311,914
-

4,311,914
-


The following liabilities were secured:

31 March
31 December
2023
2021
£
£



Bank loans
4,311,914
-

4,311,914
-

Details of security provided:

A fixed charge exists on the above secured liabilities over the freehold land currently held within stock.


9.


Loans


Analysis of the maturity of loans is given below:


31 March
31 December
2023
2021
£
£


Amounts falling due 1-2 years

Bank loans
4,311,914
-


4,311,914
-



4,311,914
-


Page 6

 
KRRISH READING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

10.


Related party transactions

At the year end the following amounts were due (to)/from related parties:


31 March
31 December
2023
2021
£
£

Entities under common control
(243,852)
-
Key management personnel
(340,000)
-
(583,852)
-


11.


Controlling party

The company is controlled by the Q Road Reading Limited and Kartik Lakshmi Limited by their shareholding in the company.

 
Page 7