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REGISTERED NUMBER: 10314938 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

KRISHAN GROUP LIMITED

KRISHAN GROUP LIMITED (REGISTERED NUMBER: 10314938)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 2


KRISHAN GROUP LIMITED (REGISTERED NUMBER: 10314938)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 24,109 -
Investments 6 3,850,250 3,850,400
3,874,359 3,850,400

CURRENT ASSETS
Debtors 7 264,737 860,733
Cash at bank and in hand 74 22,317
264,811 883,050
CREDITORS
Amounts falling due within one year 8 (1,557,117 ) (640,576 )
NET CURRENT (LIABILITIES)/ASSETS (1,292,306 ) 242,474
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,582,053

4,092,874

CAPITAL AND RESERVES
Called up share capital 2,580,000 4,080,000
Retained earnings 2,053 12,874
2,582,053 4,092,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 24 September 2024 and were signed by:





S S Krishan - Director


KRISHAN GROUP LIMITED (REGISTERED NUMBER: 10314938)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Krishan Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10314938

Registered office: 7 Bell Yard
London
WC2A 2JR

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and
accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of
operating as intended.

Investments in subsidiaries and associates
Investments in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals are recognised immediately to profit or loss.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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

The average number of employees during the year was NIL (2022 - NIL).

KRISHAN GROUP LIMITED (REGISTERED NUMBER: 10314938)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 7,100
Disposals (7,100 )
At 31 December 2023 -
AMORTISATION
At 1 January 2023 7,100
Eliminated on disposal (7,100 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
Additions 24,885 850 25,735
At 31 December 2023 24,885 850 25,735
DEPRECIATION
Charge for year 1,555 71 1,626
At 31 December 2023 1,555 71 1,626
NET BOOK VALUE
At 31 December 2023 23,330 779 24,109

6. FIXED ASSET INVESTMENTS
Shares in Interest
group in Other
undertakings associate investments Totals
£    £    £    £   
COST
At 1 January 2023 3,850,300 50 50 3,850,400
Additions - - 1 1
Disposals (100 ) - - (100 )
Reclassification/transfer - - (51 ) (51 )
At 31 December 2023 3,850,200 50 - 3,850,250
NET BOOK VALUE
At 31 December 2023 3,850,200 50 - 3,850,250
At 31 December 2022 3,850,300 50 50 3,850,400

KRISHAN GROUP LIMITED (REGISTERED NUMBER: 10314938)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 186,713 145,383
Amounts owed by participating interests 71,410 85,243
Other debtors 4,815 110,083
Directors' current accounts - 517,802
VAT 907 1,211
Prepayments and accrued income 892 1,011
264,737 860,733

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,200 -
Amounts owed to group undertakings 1,152,785 637,499
Tax 8,952 1,476
Directors' current accounts 391,303 -
Accruals and deferred income 2,877 1,601
1,557,117 640,576