Silverfin false false 31/07/2024 01/08/2023 31/07/2024 Dr K R Brown 27/07/2020 07 October 2024 The principal activity of the Company during the financial year was property investment. 12771884 2024-07-31 12771884 bus:Director1 2024-07-31 12771884 2023-07-31 12771884 core:CurrentFinancialInstruments 2024-07-31 12771884 core:CurrentFinancialInstruments 2023-07-31 12771884 core:ShareCapital 2024-07-31 12771884 core:ShareCapital 2023-07-31 12771884 core:RetainedEarningsAccumulatedLosses 2024-07-31 12771884 core:RetainedEarningsAccumulatedLosses 2023-07-31 12771884 2023-08-01 2024-07-31 12771884 bus:FilletedAccounts 2023-08-01 2024-07-31 12771884 bus:SmallEntities 2023-08-01 2024-07-31 12771884 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 12771884 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12771884 bus:Director1 2023-08-01 2024-07-31 12771884 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Company No: 12771884 (England and Wales)

KRBP LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2024
Pages for filing with the registrar

KRBP LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

KRBP LIMITED

BALANCE SHEET

As at 31 July 2024
KRBP LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 651,483 651,483
651,483 651,483
Current assets
Cash at bank and in hand 7,610 16,207
7,610 16,207
Creditors: amounts falling due within one year 4 ( 572,620) ( 609,264)
Net current liabilities (565,010) (593,057)
Total assets less current liabilities 86,473 58,426
Net assets 86,473 58,426
Capital and reserves
Called-up share capital 1 1
Profit and loss account 86,472 58,425
Total shareholder's funds 86,473 58,426

For the financial year ending 31 July 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of KRBP Limited (registered number: 12771884) were approved and authorised for issue by the Director on 07 October 2024. They were signed on its behalf by:

Dr K R Brown
Director
KRBP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
KRBP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

KRBP Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 225 Lower Blandford Road, Broadstone, BH18 8DN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Investment property

Investment property
£
Valuation
As at 01 August 2023 651,483
As at 31 July 2024 651,483

4. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 7,570 5,844
Other creditors 565,050 603,420
572,620 609,264