2023-03-01 2024-02-29 12441730 KRISH PROPERTY DEVELOPMENT LIMITED false 12441730 2023-03-01 2024-02-29 12441730 uk-bus:Director1 2023-03-01 2024-02-29 12441730 uk-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 12441730 uk-bus:SmallEntities 2023-03-01 2024-02-29 12441730 uk-bus:FullAccounts 2023-03-01 2024-02-29 12441730 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 12441730 2023-03-01 12441730 2024-02-29 12441730 2023-02-28 xbrli:pure iso4217:GBP 12441730 2022-03-01 2023-02-28
Company Registration Number : 12441730 (England and Wales)
12441730
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-02-29
false
KRISH PROPERTY DEVELOPMENT LIMITED
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-03-01
KRISH PROPERTY DEVELOPMENT LIMITED
Unaudited filleted financial statements
For the year ended 29 February 2024
KRISH PROPERTY DEVELOPMENT LIMITED
Contents
For the year ended 29 February 2024

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


KRISH PROPERTY DEVELOPMENT LIMITED
Company Information
For the year ended 29 February 2024

Company registration number 12441730 (England and Wales)
Directors Dhruv SARDA
Divya Modi SARDA
Registered office address 3 Carlyle Close
London
N2 0QU
KRISH PROPERTY DEVELOPMENT LIMITED
Statement of Financial Position
For the year ended 29 February 2024

2024 2023
Notes £ £
Current assets
Inventories 800,000 800,000
Cash and cash equivalents 100 100
800,100 800,100
Current liabilities
Creditors: Amounts falling due within one year 6 (801,657) (801,657)
(801,657) (801,657)
Net current (liabilities)/assets (1,557) (1,557)
Total assets less current liabilities (1,557) (1,557)
Net (liabilities)/assets (1,557) (1,557)
Capital and reserves
Called up share capital 7 100 100
Retained earnings (1,657) (1,657)
Shareholder's funds (1,557) (1,557)
For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 29 February 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 responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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.
Approved by the Board on 25 November 2024
.............................
Divya Modi SARDA (Director)
Company registration number: 12441730
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-02-29 29 February 2024
2024 2023
£ £
Current Assets 800,100 800,100
Creditors: amounts falling due within one year (801,657) (801,657)
Net current assets (liabilities) (1,557) (1,557)
Total assets less current liabilities (1,557) (1,557)
Net Assets (liabilities) (1,557) (1,557)
Capital and Reserves (1,557) (1,557)
For the year ending 29/02/2024 the company was entitled to exemption 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. For the year ending 29-02-2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 25 November 2024 2024-11-25 and signed on behalf of the board,
.............................
Divya Modi SARDA
Director
Company registration number: 12441730
KRISH PROPERTY DEVELOPMENT LIMITED
Notes to the Financial Statements
For the year ended 29 February 2024

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 3 Carlyle Close, London, N2 0QU.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Financial instruments
The company has elected to apply the provisions of Section 11 Basic Financial Instrument and Section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company become party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic Financial Assets :
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transactions price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of Financial Liabilities :
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic Financial Liabilities :
Basic financial liabilities, including creditors, bank loan, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitute a financing transactions, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investment with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Inventories
Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale.

(4) Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

(5) Employees
During the year, the average number of employees including director was 2 (2023 : 2).

(6) Creditors: Amounts falling due within one year
2024 2023
£ £
Other creditors 801,057 801,057
Accruals and deferred income 600 600
801,657 801,657

(7) Share capital and reserves
Alloted, called up and fully paid: 2024 2023
£ £
100 (2023 : 100) Ordinary Shares of £ 1 each100100
100 100
Retained earnings 2024
£
At 1 March 2023 -
Loss of the year (1,657)
At 29 February 2024 (1,657)

(8) Related party transactions
At the year end, the company owed GBP 8,00,000 (2023 : GBP 8,00,000) to Aanya Property Developments Limited, a company under the common control of the director.

(9) Ultimate controlling party
The ultimate controlling party are the directors, D Sarda and D Modi-Sarda via Aanya Property Development Limited.