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REGISTERED NUMBER: 12039781 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

R & K VENTURES LTD

R & K VENTURES LTD (REGISTERED NUMBER: 12039781)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R & K VENTURES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mr R R Mehta
Mr K Mehta





REGISTERED OFFICE: 22 Ansell Road
Tooting
London
SW17 7LS





REGISTERED NUMBER: 12039781 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co
Chartered Certified Accountants
4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL

R & K VENTURES LTD (REGISTERED NUMBER: 12039781)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 60,228 80,873
Investment property 5 750,000 800,000
810,228 880,873

CURRENT ASSETS
Debtors 6 28,373 28,203
Cash at bank 23,666 30,553
52,039 58,756
CREDITORS
Amounts falling due within one year 7 35,165 25,564
NET CURRENT ASSETS 16,874 33,192
TOTAL ASSETS LESS CURRENT
LIABILITIES

827,102

914,065

CREDITORS
Amounts falling due after more than one year 8 711,147 784,547
NET ASSETS 115,955 129,518

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 (92,796 ) (42,796 )
Retained earnings 208,651 172,214
SHAREHOLDERS' FUNDS 115,955 129,518

R & K VENTURES LTD (REGISTERED NUMBER: 12039781)

BALANCE SHEET - continued
30 JUNE 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by:





Mr K Mehta - Director


R & K VENTURES LTD (REGISTERED NUMBER: 12039781)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

R & K Ventures Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office Equipment - 25% on reducing balance
Motor Vehicle - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Office
Equipment
£   
COST
At 1 July 2023
and 30 June 2024 83,964
DEPRECIATION
At 1 July 2023 3,091
Charge for year 20,645
At 30 June 2024 23,736
NET BOOK VALUE
At 30 June 2024 60,228
At 30 June 2023 80,873

R & K VENTURES LTD (REGISTERED NUMBER: 12039781)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 800,000
Revaluations (50,000 )
At 30 June 2024 750,000
NET BOOK VALUE
At 30 June 2024 750,000
At 30 June 2023 800,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2021 7,204
Valuation in 2023 (50,000 )
Valuation in 2024 (50,000 )
Cost 842,796
750,000

Investment property was valued on an open market basis on 30 June 2024 by the Directors' .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,255 25,216
Other debtors 3,118 2,987
28,373 28,203

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 8,400 8,400
Taxation and social security 17,467 8,662
Other creditors 9,298 8,502
35,165 25,564

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 51,350 59,750
Other creditors 659,797 724,797
711,147 784,547

9. RESERVES
Revaluation
reserve
£   
At 1 July 2023 (42,796 )
Revaluation (50,000 )

At 30 June 2024 (92,796 )