Registered number
SC689333
KHIRANWALI PROPERTIES LIMITED
Filleted Accounts
28 February 2024
KHIRANWALI PROPERTIES LIMITED
Registered number: SC689333
Balance Sheet
as at 28 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 44,100 44,100
44,100 44,100
Current assets
Stocks - -
Cash at bank and in hand 661 1,778
661 1,778
Creditors: amounts falling due within one year 4 (42,128) (43,600)
Net current liabilities (41,467) (41,822)
Total assets less current liabilities 2,633 2,278
Provisions for liabilities - -
Net assets 2,633 2,278
Capital and reserves
Called up share capital 2 2
Profit and loss account 2,631 2,276
Shareholders' funds 2,633 2,278
The directors are 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 directors acknowledge their 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.
GURJINDER SINGH
Director
Approved by the board on 13 September 2024
KHIRANWALI PROPERTIES LIMITED
Notes to the Accounts
for the year ended 28 February 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable.
Tangible fixed assets
Tangible fixed assets are measured at cost.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Total
£ £
Cost
At 1 March 2023 44,100 44,100
Additions - -
Disposals - -
At 28 February 2024 44,100 44,100
Depreciation
At 1 March 2023 - -
Charge for the year - -
On disposals - -
At 28 February 2024 - -
Net book value
At 28 February 2024 44,100 44,100
At 28 February 2023 44,100 44,100
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 617 534
Other creditors 41,511 43,066
42,128 43,600
5 Other information
KHIRANWALI PROPERTIES LIMITED is a private company limited by shares and incorporated in Scotland. Its registered office is:
73 HAMILTON ROAD
BELLSHILL
ML4 1AG
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