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REGISTERED NUMBER: 10595695 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH FEBRUARY 2024

FOR

KALBANDI LIMITED

KALBANDI LIMITED (REGISTERED NUMBER: 10595695)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KALBANDI LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2024







DIRECTORS: S Kalbandi
Mrs S V Sudhambika





REGISTERED OFFICE: 1 Horseshoe Drive
Red Lodge
Bury St Edmunds
Suffolk
IP28 8ER





REGISTERED NUMBER: 10595695 (England and Wales)





ACCOUNTANTS: NKT Accountants
11 Kings Court
Willie Snaith Road
Newmarket
Suffolk
CB8 7SG

KALBANDI LIMITED (REGISTERED NUMBER: 10595695)

BALANCE SHEET
29TH FEBRUARY 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,285,000 815,000

CURRENT ASSETS
Debtors 5 150 960
Cash at bank 3,086 65,071
3,236 66,031
CREDITORS
Amounts falling due within one year 6 191,086 134,913
NET CURRENT LIABILITIES (187,850 ) (68,882 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,097,150

746,118

CREDITORS
Amounts falling due after more than one
year

7

(917,880

)

(572,880

)

PROVISIONS FOR LIABILITIES (25,430 ) (24,480 )
NET ASSETS 153,840 148,758

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 102,978 111,659
Retained earnings 50,762 36,999
153,840 148,758

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th 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.

KALBANDI LIMITED (REGISTERED NUMBER: 10595695)

BALANCE SHEET - continued
29TH FEBRUARY 2024


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 28th November 2024 and were signed on its behalf by:





S Kalbandi - Director


KALBANDI LIMITED (REGISTERED NUMBER: 10595695)

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

1. STATUTORY INFORMATION

Kalbandi Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 as modified by the revaluation of certain assets.

Although the company was insolvent at the balance sheet date the accounts have been prepared on the going concern basis. The company is dependent upon the continued support of the directors.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

KALBANDI LIMITED (REGISTERED NUMBER: 10595695)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st March 2023 815,000
Additions 477,731
Revaluations (7,731 )
At 29th February 2024 1,285,000
NET BOOK VALUE
At 29th February 2024 1,285,000
At 28th February 2023 815,000

Fair value at 29th February 2024 is represented by:
£   
Valuation in 2019 13,616
Valuation in 2020 21,692
Valuation in 2021 25,831
Valuation in 2022 30,000
Valuation in 2023 45,000
Valuation in 2024 (7,731 )
Cost 1,156,592
1,285,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Other debtors 150 960

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Taxation and social security 3,228 2,428
Other creditors 187,858 132,485
191,086 134,913

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29/2/24 28/2/23
£    £   
Other creditors 917,880 572,880

KALBANDI LIMITED (REGISTERED NUMBER: 10595695)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
29/2/24 28/2/23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 917,880 572,880

8. SECURED DEBTS

The following secured debts are included within creditors:

29/2/24 28/2/23
£    £   
Other loans 917,880 572,880

The mortgages are secured on the freehold properties to which they relate.

9. RESERVES
Revaluation
reserve
£   
At 1st March 2023 111,659
revaluation in year (7,731 )
Deferred tax on investment
property (950 )

At 29th February 2024 102,978

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29th February 2024 and 28th February 2023:

29/2/24 28/2/23
£    £   
S Kalbandi and Mrs S V Sudhambika
Balance outstanding at start of year (132,012 ) (142,763 )
Amounts advanced 19,061 14,890
Amounts repaid (74,438 ) (4,139 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (187,389 ) (132,012 )