Company Registration No. 14043735 (England and Wales)
Khela Real Estate Ltd
Unaudited accounts
for the year ended 30 April 2024
Khela Real Estate Ltd
Unaudited accounts
Contents
Khela Real Estate Ltd
Company Information
for the year ended 30 April 2024
Directors
Anup Khela
Samrik Khela
Company Number
14043735 (England and Wales)
Registered Office
9 SAXIFRAGE CLOSE
BROMSGROVE
WORCESTERSHIRE
B61 0FG
UNITED KINGDOM
Khela Real Estate Ltd
Statement of financial position
as at 30 April 2024
Investment property
301,390
150,895
Cash at bank and in hand
82
1,544
Creditors: amounts falling due within one year
(105,239)
(53,155)
Net current liabilities
(105,157)
(51,611)
Total assets less current liabilities
196,233
99,284
Creditors: amounts falling due after more than one year
(214,644)
(108,988)
Provisions for liabilities
Net liabilities
(18,970)
(9,704)
Profit and loss account
(18,970)
(9,704)
Shareholders' funds
(18,970)
(9,704)
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by
Anup Khela
Director
Company Registration No. 14043735
Khela Real Estate Ltd
Notes to the Accounts
for the year ended 30 April 2024
Khela Real Estate Ltd is a private company, limited by shares, registered in England and Wales, registration number 14043735. The registered office is 9 SAXIFRAGE CLOSE, BROMSGROVE, WORCESTERSHIRE, B61 0FG, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Fair value at 1 May 2023
150,895
Net gain from fair value adjustments
3,105
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
104,914
50,807
Khela Real Estate Ltd
Notes to the Accounts
for the year ended 30 April 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
214,644
108,988
At the end of the year the company owes the director £104,914.04 (30/04/23 - £50,807.13). this is an interest free loan which is repayable on demand.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).