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REGISTERED NUMBER: 09470447 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 November 2023

for

KRST LIMITED

KRST LIMITED (REGISTERED NUMBER: 09470447)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KRST LIMITED

Company Information
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Dr K Rijal
Dr R Rijal





REGISTERED OFFICE: 20 Park Road
Bracknell
RG12 2LU





REGISTERED NUMBER: 09470447 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA

KRST LIMITED (REGISTERED NUMBER: 09470447)

Balance Sheet
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,490,000 3,052,020

CURRENT ASSETS
Debtors 5 1,938,544 1,801,553
Cash at bank 17,729 156,968
1,956,273 1,958,521
CREDITORS
Amounts falling due within one year 6 - 15,649
NET CURRENT ASSETS 1,956,273 1,942,872
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,446,273

4,994,892

CREDITORS
Amounts falling due after more than one
year

7

4,681,803

4,181,076
NET ASSETS 764,470 813,816

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 473,814 437,658
Retained earnings 290,556 376,058
764,470 813,816

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

KRST LIMITED (REGISTERED NUMBER: 09470447)

Balance Sheet - continued
30 NOVEMBER 2023


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 28 November 2024 and were signed on its behalf by:





Dr K Rijal - Director


KRST LIMITED (REGISTERED NUMBER: 09470447)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

KRST 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about KRST Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the director is 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.

Turnover
Turnover represents the rent received or receivables during the year.

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.

Financial instruments
Basic financial assets and liabilities, which include debtors, creditors, cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing 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.

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.


KRST LIMITED (REGISTERED NUMBER: 09470447)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued
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 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 3,052,020
Additions 389,412
Revaluations 48,568
At 30 November 2023 3,490,000
NET BOOK VALUE
At 30 November 2023 3,490,000
At 30 November 2022 3,052,020

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2016 99,150
Valuation in 2020 272,500
Valuation in 2021 168,668
Valuation in 2023 48,568
Cost 2,901,114
3,490,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 2,901,114 2,511,702

Investment property was valued on an open market basis on 30 November 2023 by directors .

KRST LIMITED (REGISTERED NUMBER: 09470447)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 341,247 197,006

Amounts falling due after more than one year:
Amounts owed by group undertakings 1,597,297 1,604,547

Aggregate amounts 1,938,544 1,801,553

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 8,677
Taxation and social security - 5,095
Other creditors - 1,877
- 15,649

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 2,282,065 2,091,574
Amounts owed to connected company 2,284,666 1,986,842
Taxation and social security 115,072 102,660
4,681,803 4,181,076

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans and overdrafts 2,282,065 2,100,251

Bank loans are secured by way of fixed and floating charges over the assets of the company and contains a negative pledge.

KRST LIMITED (REGISTERED NUMBER: 09470447)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

9. RESERVES
Fair
value
reserve
£   
At 1 December 2022 437,658
Revaluation of Inv property 36,156

At 30 November 2023 473,814

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
Dr K Rijal
Balance outstanding at start of year - -
Amounts advanced 247,151 -
Amounts repaid (8,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 239,151 -

Interest of amount £1,778.65 is charged on the overdrawn balance of director' loan account at the rate of 2.25% per annum.

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in creditors, amounts falling due after more than one year, is a balance of £2,284,666 (2022: £1,986,842) due to a connected company. This balance is interest free and repayable on demand.

Included in debtors, amounts falling due after less than one year, is a balance of £239,151 (2022: £Nil) due to the director of the company. Interest is charged on the overdrawn balance and loan is repayable on demand.