Company Registration No. 11061223 (England and Wales)
RKV INVESTMENTS LTD
Unaudited accounts
for the year ended 30 November 2023
RKV INVESTMENTS LTD
Unaudited accounts
Contents
RKV INVESTMENTS LTD
Company Information
for the year ended 30 November 2023
Director
Rajinder Kumar Verma
Company Number
11061223 (England and Wales)
Registered Office
151 TENTELOW LANE
SOUTHALL
UB2 4LW
ENGLAND
RKV INVESTMENTS LTD
Statement of financial position
as at 30 November 2023
Investment property
1,200,000
832,762
Cash at bank and in hand
133,766
104,574
Creditors: amounts falling due within one year
(6,541)
(6,541)
Net current assets
127,225
98,033
Total assets less current liabilities
1,327,225
1,080,795
Creditors: amounts falling due after more than one year
(1,023,176)
(1,174,375)
Provisions for liabilities
Net assets/(liabilities)
212,240
(93,580)
Called up share capital
100
100
Profit and loss account
212,140
(93,680)
Shareholders' funds
212,240
(93,580)
For the year ending 30 November 2023 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 director acknowledges his 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 and authorised for issue on 27 November 2024 and were signed on its behalf by
Rajinder Kumar Verma
Director
Company Registration No. 11061223
RKV INVESTMENTS LTD
Notes to the Accounts
for the year ended 30 November 2023
RKV INVESTMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 11061223. The registered office is 151 TENTELOW LANE, SOUTHALL, UB2 4LW, ENGLAND.
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.
The accounts are presented in £ sterling.
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.
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.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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.
Fair value at 1 December 2022
832,762
Net gain from fair value adjustments
367,238
At 30 November 2023
1,200,000
RKV INVESTMENTS LTD
Notes to the Accounts
for the year ended 30 November 2023
5
Investments
Other investments
Valuation at 1 December 2022
150,000
Valuation at 30 November 2023
-
6
Creditors: amounts falling due within one year
2023
2022
Other creditors
2,175
2,175
Loans from directors
4,366
4,366
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
580,900
583,000
Other creditors
442,276
591,375
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).