Company Registration No. 11651327 (England and Wales)
KHAMBA PROPERTIES 2 LIMITED
Unaudited accounts
for the year ended 31 October 2023
KHAMBA PROPERTIES 2 LIMITED
Unaudited accounts
Contents
KHAMBA PROPERTIES 2 LIMITED
Company Information
for the year ended 31 October 2023
Director
Warjinder Singh KHAMBA
Company Number
11651327 (England and Wales)
Registered Office
31 LLANBERIS GROVE
NOTTINGHAM
NG8 5DP
ENGLAND
KHAMBA PROPERTIES 2 LIMITED
Statement of financial position
as at 31 October 2023
Investment property
150,000
150,000
Cash at bank and in hand
7,275
16
Creditors: amounts falling due within one year
(8,823)
(2,209)
Net current assets
152,273
95,757
Total assets less current liabilities
302,273
245,757
Creditors: amounts falling due after more than one year
(163,008)
(113,046)
Net assets
139,265
132,711
Called up share capital
150,002
150,002
Profit and loss account
(10,737)
(17,291)
Shareholders' funds
139,265
132,711
For the year ending 31 October 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 July 2024 and were signed on its behalf by
Warjinder Singh KHAMBA
Director
Company Registration No. 11651327
KHAMBA PROPERTIES 2 LIMITED
Notes to the Accounts
for the year ended 31 October 2023
KHAMBA PROPERTIES 2 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11651327. The registered office is 31 LLANBERIS GROVE, NOTTINGHAM, NG8 5DP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 November 2022
150,000
At 31 October 2023
150,000
Amounts falling due after more than one year
Other debtors
153,821
97,950
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
7,002
-
Loans from directors
346
34
KHAMBA PROPERTIES 2 LIMITED
Notes to the Accounts
for the year ended 31 October 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
122,249
113,046
Allotted, called up and fully paid:
150,002 Ordinary shares of £1 each
150,002
150,002
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).