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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
Page
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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
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KHAMBA PROPERTIES LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
156,000 
156,000 
Current assets
Debtors
179,668 
174,993 
Cash at bank and in hand
26 
1,488 
179,694 
176,481 
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 
Capital and reserves
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
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KHAMBA PROPERTIES LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
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 taxation
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.
4
Investment property
2024 
£ 
Fair value at 1 April 2023
156,000 
At 31 March 2024
156,000 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
179,668 
174,993 
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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 
Accruals
300 
300 
71,862 
69,303 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
32,067 
36,666 
Other creditors
112,550 
115,675 
144,617 
152,341 
8
Deferred taxation
2024 
2023 
£ 
£ 
Revaluation of investment property
14,000 
10,640 
2024 
2023 
£ 
£ 
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 
9
Share capital
2024 
2023 
£ 
£ 
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).
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