Company Registration No. 11263155 (England and Wales)
KHAMBA PROPERTIES LIMITED
Unaudited accounts
for the year ended 31 March 2024
KHAMBA PROPERTIES LIMITED
Unaudited accounts
Contents
KHAMBA PROPERTIES LIMITED
Company Information
for the year ended 31 March 2024
Directors
Amarjit Kaur KHAMBA
Surinder Singh KHAMBA
Company Number
11263155 (England and Wales)
Registered Office
25 LLANBERIS GROVE
NOTTINGHAM
NG8 5DP
ENGLAND
KHAMBA PROPERTIES LIMITED
Statement of financial position
as at 31 March 2024
Investment property
156,000
156,000
Cash at bank and in hand
26
1,488
Creditors: amounts falling due within one year
(71,862)
(69,303)
Net current assets
107,832
107,178
Total assets less current liabilities
263,832
263,178
Creditors: amounts falling due after more than one year
(144,617)
(152,341)
Provisions for liabilities
Deferred tax
(14,000)
(10,640)
Net assets
105,215
100,197
Called up share capital
52,000
52,000
Profit and loss account
53,215
48,197
Shareholders' funds
105,215
100,197
For the year ending 31 March 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 27 December 2024 and were signed on its behalf by
Surinder Singh KHAMBA
Director
Company Registration No. 11263155
KHAMBA PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
KHAMBA PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11263155. The registered office is 25 LLANBERIS GROVE, NOTTINGHAM, NG8 5DP, 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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 April 2023
156,000
Amounts falling due after more than one year
KHAMBA PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
7,304
7,023
Trade creditors
1,375
1,075
Taxes and social security
2,631
665
Loans from directors
60,252
60,240
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
112,550
115,675
8
Deferred taxation
2024
2023
Revaluation of investment property
14,000
10,640
Provision at start of year
10,640
10,640
Charged to the profit and loss account
3,360
-
Provision at end of year
14,000
10,640
Allotted, called up and fully paid:
52,000 Ordinary shares of £1 each
52,000
52,000
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).