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REGISTERED NUMBER: 07976276 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

KAPSARV LIMITED

KAPSARV LIMITED (REGISTERED NUMBER: 07976276)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Report of the Directors 2

Report of the Accountants 3

Income Statement 4

Balance Sheet 5

Statement of Changes in Equity 7

Notes to the Financial Statements 8


KAPSARV LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Dr K R Hari
Mr A Hari





REGISTERED OFFICE: Ground Floor Marlborough House
298 Regents Park Road
London
London
N3 2SZ





REGISTERED NUMBER: 07976276 (England and Wales)





ACCOUNTANTS: Fusion Consulting Ltd
Marlborough House
298 Regents Park Road
London
N3 2SZ

KAPSARV LIMITED (REGISTERED NUMBER: 07976276)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 MARCH 2024

The directors present their report with the financial statements of the company for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of property rental.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

Dr K R Hari
Mr A Hari

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr A Hari - Director


1 October 2024

KAPSARV LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
KAPSARV LIMITED


In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the directors in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the directors the financial statements that we have been engaged to compile, to report to the directors that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's directors for our work or for this report.

You have acknowledged on the balance sheet as at year ended 31 March 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.






Fusion Consulting Ltd
Marlborough House
298 Regents Park Road
London
N3 2SZ


Date: .............................................

KAPSARV LIMITED (REGISTERED NUMBER: 07976276)

INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024

31.3.24 31.3.23
£    £   

TURNOVER 62,312 60,368

Cost of sales 15,531 9,199
GROSS PROFIT 46,781 51,169

Administrative expenses (15,913 ) 74,888
62,694 (23,719 )

Other operating income 388 -
OPERATING PROFIT/(LOSS) 63,082 (23,719 )

Interest receivable and similar income - 85
63,082 (23,634 )

Interest payable and similar expenses 91,932 55,006
LOSS BEFORE TAXATION (28,850 ) (78,640 )

Tax on loss 10,450 7,762
LOSS FOR THE FINANCIAL
YEAR

(39,300

)

(86,402

)

KAPSARV LIMITED (REGISTERED NUMBER: 07976276)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,005 1,648
Investment property 5 1,207,000 1,152,000
1,208,005 1,153,648

CURRENT ASSETS
Cash at bank 34,983 35,377

CREDITORS
Amounts falling due within one year 6 1,847 1,681
NET CURRENT ASSETS 33,136 33,696
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,241,141

1,187,344

CREDITORS
Amounts falling due after more than
one year

7

(1,391,747

)

(1,309,100

)

PROVISIONS FOR LIABILITIES (45,016 ) (34,566 )
NET LIABILITIES (195,622 ) (156,322 )

KAPSARV LIMITED (REGISTERED NUMBER: 07976276)

BALANCE SHEET - continued
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 2 2
Revaluation reserve 191,909 147,359
Retained earnings (387,533 ) (303,683 )
SHAREHOLDERS' FUNDS (195,622 ) (156,322 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:





Mr A Hari - Director


KAPSARV LIMITED (REGISTERED NUMBER: 07976276)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024

Called up
share Retained Revaluation Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 April 2022 - (184,192 ) 114,271 (69,921 )

Changes in equity
Issue of share capital 2 - - 2
Total comprehensive income - (119,491 ) 33,088 (86,403 )
Balance at 31 March 2023 2 (303,683 ) 147,359 (156,322 )

Changes in equity
Total comprehensive income - (83,850 ) 44,550 (39,300 )
Balance at 31 March 2024 2 (387,533 ) 191,909 (195,622 )

KAPSARV LIMITED (REGISTERED NUMBER: 07976276)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Kapsarv Limited 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 rents receivable on properties within the UK. Rents are receivable on a monthly basis and where payments are receivable from tenants for periods ending after the balance sheet date, the relevant proportion of rent receivable is recorded as deferred income and included as part of creditors due within one year.

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

Computer and equipment - 33% on cost

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.


KAPSARV LIMITED (REGISTERED NUMBER: 07976276)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern disclosure
The directors have formed a judgement at the time of approving the Annual Financial Statements, that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts.

3. EMPLOYEES AND DIRECTORS

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

KAPSARV LIMITED (REGISTERED NUMBER: 07976276)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023 4,301
Additions 922
Disposals (641 )
At 31 March 2024 4,582
DEPRECIATION
At 1 April 2023 2,653
Charge for year 1,565
Eliminated on disposal (641 )
At 31 March 2024 3,577
NET BOOK VALUE
At 31 March 2024 1,005
At 31 March 2023 1,648

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,152,000
Revaluations 55,000
At 31 March 2024 1,207,000
NET BOOK VALUE
At 31 March 2024 1,207,000
At 31 March 2023 1,152,000

KAPSARV LIMITED (REGISTERED NUMBER: 07976276)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. INVESTMENT PROPERTY - continued

This value is made up of seven properties being,

Stanmore Place worth £270,000 (Revaluation £53,750),
Kidbrook Village worth £285,000 (Revaluation £91,425),
Marine Wharf worth £300,000 (Revaluation £43,500),
Royal Arsenal worth £280,000 (Revaluation £48,250),
St James Properties - 5 Plots worth £72,000 (Revaluation £nil).

These are the most recent and reliable market values of the properties.

Fair value at 31 March 2024 is represented by:

Cost £970,075 (2023: £970,075)
Valuation adjustment £ 236,925 (2023: £181,925)

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2022 1,132,000
Valuation in 2023 20,000
Valuation in 2024 55,000
1,207,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.3.24 31.3.23
£    £   
Accrued expenses 1,847 1,681

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.3.24 31.3.23
£    £   
Directors' loan accounts 1,391,747 1,309,100

KAPSARV LIMITED (REGISTERED NUMBER: 07976276)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary 1 2 2

9. RELATED PARTY DISCLOSURES

At the balance sheet date, included within creditors due more than one year, is an amount of £695,873 (2023: £654,550) owed to each of the directors, A Hari and K Hari.
These loans have interest charged at a rate of Bank of England rate + 1%, and has no fixed terms for repayment.

The controlling parties are the company directors by virtue of their shareholdings.

10. TAXATION

The company has no taxes to pay for the current year. Losses of £329,492 (2023: £246,285) has been carried forward and can be offset against future taxable profits.