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REGISTERED NUMBER: 13227290 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

7RKC LIMITED

7RKC LIMITED (REGISTERED NUMBER: 13227290)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


7RKC LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: R Chauhan





REGISTERED OFFICE: 2 Cedargrove
Hagley
Stourbridge
DY9 0DR





REGISTERED NUMBER: 13227290 (England and Wales)





ACCOUNTANTS: Ashcrofts Accountants Limited
2 Cedargrove
Hagley
Stourbridge
West Midlands
DY9 0DR

7RKC LIMITED (REGISTERED NUMBER: 13227290)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investment property 4 400,000 305,000

CURRENT ASSETS
Cash at bank 9,645 10,883

CREDITORS
Amounts falling due within one year 5 (115,924 ) (112,684 )
NET CURRENT LIABILITIES (106,279 ) (101,801 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

293,721

203,199

CREDITORS
Amounts falling due after more than one
year

6

(209,355

)

(209,355

)

PROVISIONS FOR LIABILITIES 8 (16,867 ) (1,568 )
NET ASSETS/(LIABILITIES) 67,499 (7,724 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 67,498 (7,725 )
SHAREHOLDERS' FUNDS 67,499 (7,724 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

7RKC LIMITED (REGISTERED NUMBER: 13227290)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 10 November 2024 and were signed by:





R Chauhan - Director


7RKC LIMITED (REGISTERED NUMBER: 13227290)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

7RKC 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 305,000
Revaluations 95,000
At 29 February 2024 400,000
NET BOOK VALUE
At 29 February 2024 400,000
At 28 February 2023 305,000

7RKC LIMITED (REGISTERED NUMBER: 13227290)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. INVESTMENT PROPERTY - continued

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2022 10,000
Valuation in 2024 95,000
Cost 295,000
400,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 295,000 295,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 7) 18,634 18,634
Directors' loan accounts 96,916 92,873
Accrued expenses 374 1,177
115,924 112,684

Bank loans are secured against the assets of the company.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 7) 209,355 209,355

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 134,818 134,818

Bank loans are secured against the assets of the company.

7. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 18,634 18,634

7RKC LIMITED (REGISTERED NUMBER: 13227290)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


7. LOANS - continued
2024 2023
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 18,634 18,634

Amounts falling due between two and five years:
Bank loans - 2-5 years 55,903 55,903

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 134,818 134,818

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 16,867 1,568

Deferred
tax
£   
Balance at 1 March 2023 1,568
Charge to Income Statement during year 15,299
Balance at 29 February 2024 16,867

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 28 February 2024 there was a loan from the director of £96,916 (2023: £92,873). This unsecured loan is interest free and repayable on demand.