Company Registration No. 10895776 (England and Wales)
Karis Investments Limited
Unaudited accounts
for the year ended 29 February 2024
Karis Investments Limited
Unaudited accounts
Contents
Karis Investments Limited
Company Information
for the year ended 29 February 2024
Directors
Mrs Rana Hameed
RANA HAMEED
Company Number
10895776 (England and Wales)
Registered Office
The Williows
97 Foxley Lane
Purley
Surrey
CR8 3HQ
England
Accountants
HOUSE OF PROFESSIONALS LIMITED
Certified Accountants & Business Advisors
423 Rush Green Road
Romford
RM7 0NH
Karis Investments Limited
Accountants' report
Accountants' report to the board of directors of Karis Investments Limited on the preparation of the unaudited statutory accounts for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Karis Investments Limited for the year ended
29 February 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Karis Investments Limited, as a body, in accordance with the terms of our engagement letter dated 10 April 2023. Our work has been undertaken solely to prepare for your approval the accounts of Karis Investments Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Karis Investments Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Karis Investments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Karis Investments Limited. You consider that Karis Investments Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Karis Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
HOUSE OF PROFESSIONALS LIMITED
Certified Accountants & Business Advisors
423 Rush Green Road
Romford
RM7 0NH
29 November 2024
Karis Investments Limited
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
167,614
132,808
Creditors: amounts falling due within one year
(85,413)
(44,545)
Net current assets
82,201
93,263
Called up share capital
2
2
Profit and loss account
119,005
93,261
Shareholders' funds
119,007
93,263
For the year ending 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 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 of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by
Mrs Rana Hameed
Director
Company Registration No. 10895776
Karis Investments Limited
Notes to the Accounts
for the year ended 29 February 2024
Karis Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 10895776. The registered office is The Williows, 97 Foxley Lane, Purley, Surrey, CR8 3HQ, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
Additions
44,209
1,799
46,008
At 29 February 2024
44,209
1,799
46,008
Charge for the year
8,842
360
9,202
At 29 February 2024
8,842
360
9,202
At 29 February 2024
35,367
1,439
36,806
Amounts falling due within one year
Karis Investments Limited
Notes to the Accounts
for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
10,321
4,471
Loans from directors
72,992
39,234
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).