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REGISTERED NUMBER: 11223942 (England and Wales)










KOOTIR LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29TH FEBRUARY 2024






KOOTIR LTD (REGISTERED NUMBER: 11223942)






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


KOOTIR LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29TH FEBRUARY 2024







DIRECTORS: Mrs R Pimpalnerkar
Mr P Pimpalnerkar





REGISTERED OFFICE: The Moat,
Bockendon Road
Coventry
West Midlands
CV4 7DB





REGISTERED NUMBER: 11223942 (England and Wales)





ACCOUNTANTS: Shah & Co (Accountants) Ltd
Chartered Certified Accountants
Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB

KOOTIR LTD (REGISTERED NUMBER: 11223942)

BALANCE SHEET
29TH FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,024 22,024
Investment property 5 1,846,079 1,237,697
1,868,103 1,259,721

CURRENT ASSETS
Cash at bank 5,586 3,610

CREDITORS
Amounts falling due within one year 6 701,287 513,347
NET CURRENT LIABILITIES (695,701 ) (509,737 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,172,402

749,984

CREDITORS
Amounts falling due after more than one
year

7

1,163,877

746,096
NET ASSETS 8,525 3,888

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 8,523 3,886
SHAREHOLDERS' FUNDS 8,525 3,888

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.

KOOTIR LTD (REGISTERED NUMBER: 11223942)

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 30th November 2024 and were signed on its behalf by:





Mr P Pimpalnerkar - Director


KOOTIR LTD (REGISTERED NUMBER: 11223942)

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

1. STATUTORY INFORMATION

Kootir Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

KOOTIR LTD (REGISTERED NUMBER: 11223942)

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

4. TANGIBLE FIXED ASSETS
Improvements
to
property
£   
COST
At 1st March 2023
and 29th February 2024 22,024
NET BOOK VALUE
At 29th February 2024 22,024
At 28th February 2023 22,024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st March 2023 1,237,697
Additions 608,382
At 29th February 2024 1,846,079
NET BOOK VALUE
At 29th February 2024 1,846,079
At 28th February 2023 1,237,697

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 1,088 513
Other creditors 700,199 512,834
701,287 513,347

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 1,163,877 746,096

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,163,877 746,096

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

KOOTIR LTD (REGISTERED NUMBER: 11223942)

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

9. RESERVES
Retained
earnings
£   

At 1st March 2023 3,886
Profit for the year 4,637
At 29th February 2024 8,523

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors is £589,592 (2023: £511,844) owed to the director. The amount is unsecured and interest free with no set terms for repayment.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr P Pimpalnarker and Mrs RPimpalnarker.