Caseware UK (AP4) 2023.0.135 2023.0.135 2023-03-312023-03-31false2022-04-01falsefalseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12794757 2022-04-01 2023-03-31 12794757 2020-11-01 2022-03-31 12794757 2023-03-31 12794757 2022-03-31 12794757 c:Director1 2022-04-01 2023-03-31 12794757 d:CurrentFinancialInstruments 2023-03-31 12794757 d:CurrentFinancialInstruments 2022-03-31 12794757 d:Non-currentFinancialInstruments 2023-03-31 12794757 d:Non-currentFinancialInstruments 2022-03-31 12794757 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 12794757 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 12794757 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 12794757 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 12794757 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 12794757 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 12794757 d:ShareCapital 2023-03-31 12794757 d:ShareCapital 2022-03-31 12794757 d:RetainedEarningsAccumulatedLosses 2023-03-31 12794757 d:RetainedEarningsAccumulatedLosses 2022-03-31 12794757 c:FRS102 2022-04-01 2023-03-31 12794757 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 12794757 c:FullAccounts 2022-04-01 2023-03-31 12794757 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 12794757 e:PoundSterling 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 12794757









KRRISH CHEAM LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
KRRISH CHEAM LIMITED
REGISTERED NUMBER: 12794757

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
8,372,704
7,210,816

Debtors: amounts falling due within one year
 4 
373,348
1,232,002

Cash at bank and in hand
 5 
294
12,555

  
8,746,346
8,455,373

Creditors: amounts falling due within one year
 6 
(1,215,959)
(432,904)

Net current assets
  
 
 
7,530,387
 
 
8,022,469

Total assets less current liabilities
  
7,530,387
8,022,469

Creditors: amounts falling due after more than one year
 7 
(9,156,376)
(8,567,953)

  

Net liabilities
  
(1,625,989)
(545,484)


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
(1,625,991)
(545,486)

  
(1,625,989)
(545,484)


Page 1

 
KRRISH CHEAM LIMITED
REGISTERED NUMBER: 12794757
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 4 December 2024.




N Handa
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
KRRISH CHEAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Krrish Cheam Limited is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 12794757. The address of the registered office is Hawke House, Old Station Road, Lougton, Essex, United Kingdom, IG10 4PL.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company continues to adopt the going concern basis given the support of the directors and shareholders of the company. 

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
KRRISH CHEAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
306,935
1,167,874

Other debtors
4,733
64,128

Prepayments and accrued income
61,680
-

373,348
1,232,002


Page 4

 
KRRISH CHEAM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
294
12,555

294
12,555



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Payments received on account
358
-

Amounts owed to group undertakings
1,211,651
98,000

Other creditors
-
332,954

Accruals and deferred income
3,950
1,950

1,215,959
432,904



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
9,156,376
8,567,953

9,156,376
8,567,953



8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£


Amounts falling due 1-2 years

Other loans
9,156,376
8,567,953


9,156,376
8,567,953



9,156,376
8,567,953


Page 5

 
KRRISH CHEAM LIMITED
 
 
 Page 6