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REGISTERED NUMBER: 06130105 (England and Wales)



















KALLAR VIEW CONSTRUCTION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






KALLAR VIEW CONSTRUCTION LIMITED (REGISTERED NUMBER: 06130105)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


KALLAR VIEW CONSTRUCTION LIMITED (REGISTERED NUMBER: 06130105)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 756,753 350,209
Cash at bank 81,622 574,514
838,375 924,723
CREDITORS
Amounts falling due within one year 5 127,466 285,225
NET CURRENT ASSETS 710,909 639,498
TOTAL ASSETS LESS CURRENT
LIABILITIES

710,909

639,498

CREDITORS
Amounts falling due after more than one
year

6

-

1,530
NET ASSETS 710,909 637,968

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 710,809 637,868
SHAREHOLDERS' FUNDS 710,909 637,968

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 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 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 Board of Directors and authorised for issue on 8 November 2024 and were signed on its behalf by:



Mr S Kallar - Director


KALLAR VIEW CONSTRUCTION LIMITED (REGISTERED NUMBER: 06130105)

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

1. STATUTORY INFORMATION

Kallar View Construction 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: 06130105

Registered office: 150 Station Road
Sidcup
Kent
DA15 7AB

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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

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

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


KALLAR VIEW CONSTRUCTION LIMITED (REGISTERED NUMBER: 06130105)

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,176 -
Amounts recoverable on contract 700,000 300,000
Other debtors 49,577 50,209
756,753 350,209

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 72,167 249,083
Taxation and social security 45,700 34,767
Other creditors 9,599 1,375
127,466 285,225

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors - 1,530

KALLAR VIEW CONSTRUCTION LIMITED (REGISTERED NUMBER: 06130105)

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

7. RELATED PARTY DISCLOSURES

Broadway House 210-214 Limited
A company in which Mr S Kallar is a director.

Sales amounting to £710,000 were invoiced to Broadway House 210-214 Limited during the year (2023: £2,250,000).

All transactions were undertaken on a commercial basis.

Kallar Investments Limited
A company in which Mr S Kallar is a joint shareholder.

Sales amounting to £2,175,000 were invoiced to Kallar Investments Limited during the year (2023: £790,000).

All transactions were undertaken on a commercial basis.

Kallar View Homes Limited
A company in which a close family member of Mr S Kallar is a shareholder.

No purchases were invoiced from Kallar View Homes Limited during the year (2023: £11,333).

No amounts are due to related party at the balance sheet date (2023: £115,200).

No interest is payable on the loan and there are no agreed repayment terms.

Moor Park Estates Limited
A company in which Mr S Kallar is a joint shareholder.

Sales amounting to £534,379 were invoiced to Moor Park Estates Limited during the year (2023: £1,752,716).

All transactions were undertaken on a commercial basis.

Kallar View Construction Midas Limited
A company controlled by a close family member.

Sales amounting to £240,000 were invoiced to Kallar View Construction Midas Limited during the year.

All transactions were undertaken on a commercial basis.

Stonewater Properties (Gravesend) Limited
A company in which a close family member of Mr S Kallar is a director.

Sales amounting to £100,000 were invoiced to Stonewater Properties (Gravesend) Limited during the year.

All transactions were undertaken on a commercial basis.

Shardeloes 2020 Limited
A company in which Mr S Kallar is a director.

No sales were invoiced to Shardeloes 2020 Limited during the year (2023: £100,000).

All transactions were undertaken on a commercial basis.

Stonewater Properties Limited
A company in which a close family member of Mr S Kallar is a shareholder.

No sales were invoiced to Stonewater Properties Limited during the year (2023: £21,450).

KALLAR VIEW CONSTRUCTION LIMITED (REGISTERED NUMBER: 06130105)

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

All transactions were undertaken on a commercial basis.

Taylorview Limited
A company in which Mr S Kallar is a joint shareholder.

No purchases were invoiced from Taylorview Limited during the year (2023: £80,200).

Amount due to related party at the balance sheet date is £83,400 (2023: £83,400).

No interest is payable on the loan and there are no agreed repayment terms.

Goldsel North Limited
A company in which a close family member of Mr S Kallar is a shareholder.

Sales amounting to £1,050,000 were invoiced to Goldsel North Limited during the year.

All transactions were undertaken on a commercial basis.

Aasra Care Limited
A company in which Mr S Kallar is a director and an indirect shareholder.

Sales amounting to £6,840 were invoiced to Aasra Care Limited during the year.

Amount due from related party at the balance sheet date is £7,176 (2023: Nil).

No interest is payable on this loan as there are no agreed repayment terms.

All transactions were undertaken on a commercial basis.

Kallar Limited
A company controlled my close family members of the directors.

Purchases amounting to £2,875 were invoiced from Kallar Limited during the year.

Amounts due to related party at the balance sheet date is £3,000.