IRIS Accounts Production v24.3.0.553 10832656 director 1.7.23 30.6.24 30.6.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh108326562023-06-30108326562024-06-30108326562023-07-012024-06-30108326562022-06-30108326562022-07-012023-06-30108326562023-06-3010832656ns15:EnglandWales2023-07-012024-06-3010832656ns14:PoundSterling2023-07-012024-06-3010832656ns10:Director12023-07-012024-06-3010832656ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3010832656ns10:SmallEntities2023-07-012024-06-3010832656ns10:AuditExemptWithAccountantsReport2023-07-012024-06-3010832656ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3010832656ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3010832656ns10:FullAccounts2023-07-012024-06-3010832656ns10:CompanySecretary12023-07-012024-06-3010832656ns10:RegisteredOffice2023-07-012024-06-3010832656ns5:CurrentFinancialInstruments2024-06-3010832656ns5:CurrentFinancialInstruments2023-06-3010832656ns5:Non-currentFinancialInstruments2024-06-3010832656ns5:Non-currentFinancialInstruments2023-06-3010832656ns5:ShareCapital2024-06-3010832656ns5:ShareCapital2023-06-3010832656ns5:RetainedEarningsAccumulatedLosses2024-06-3010832656ns5:RetainedEarningsAccumulatedLosses2023-06-3010832656ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3010832656ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3010832656ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-06-3010832656ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-06-30
REGISTERED NUMBER: 10832656 (England and Wales)















KIAREN VENTURES LTD

Unaudited Financial Statements for the Year Ended 30 June 2024






KIAREN VENTURES LTD (REGISTERED NUMBER: 10832656)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

KIAREN VENTURES LTD

Company Information
for the Year Ended 30 June 2024







DIRECTOR: L Premchandani





SECRETARY: L Premchandani





REGISTERED OFFICE: Brisko Scaffolding Ltd
Unit 16
Kingston Upon Thames
KT1 3GZ





REGISTERED NUMBER: 10832656 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

KIAREN VENTURES LTD (REGISTERED NUMBER: 10832656)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,185,631 2,185,631

CURRENT ASSETS
Debtors 5 591,457 651,410
Cash at bank 13,556 84,527
605,013 735,937
CREDITORS
Amounts falling due within one year 6 505,004 471,592
NET CURRENT ASSETS 100,009 264,345
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,285,640

2,449,976

CREDITORS
Amounts falling due after more than one
year

7

1,974,964

2,214,878
NET ASSETS 310,676 235,098

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 310,672 235,094
310,676 235,098

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

KIAREN VENTURES LTD (REGISTERED NUMBER: 10832656)

Balance Sheet - continued
30 June 2024


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 director and authorised for issue on 6 January 2025 and were signed by:





L Premchandani - Director


KIAREN VENTURES LTD (REGISTERED NUMBER: 10832656)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Kiaren Ventures Ltd 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.

Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 NIL (2023 - NIL).

KIAREN VENTURES LTD (REGISTERED NUMBER: 10832656)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 2,185,631
NET BOOK VALUE
At 30 June 2024 2,185,631
At 30 June 2023 2,185,631

The directors have reviewed the fair value of the investment properties and concluded that there has been no material change since the last valuation.

5. DEBTORS
30.6.24 30.6.23
£    £   
Amounts falling due within one year:
Other debtors 2 2
Prepayments 2,370 2,219
2,372 2,221

Amounts falling due after more than one year:
Amounts owed by associates 589,085 649,189

Aggregate amounts 591,457 651,410

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Social security and other taxes 25,193 13,104
Other creditors 457,433 436,370
Directors' current accounts 19,288 16,184
Accrued expenses 3,090 5,934
505,004 471,592

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Other creditors 1,974,964 2,214,878

KIAREN VENTURES LTD (REGISTERED NUMBER: 10832656)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under FRS 102 Section 1A 'Small Entities', not to disclose transactions with entities that are under common control as trade has been conducted under normal market conditions and at arm's length.

Balance due from companies under common ownership 30.06.24 30.06.23
£ £

Brisko Scaffolding Limited 589,085 649,189

Balance presented with "Amounts owed by associates" due after more than one year.

Balance due to companies under common ownership 30.06.24 30.06.23
£ £

THL (UK) Holdings Limited 34,765 34,765

Balance presented within "Other creditors" due within one year.


Balance due to shareholders 30.06.24 30.06.23
£ £

E Ramji 411,146 392,163

Balance presented within "Other creditors" due within one year. This balance is not interest-bearing.

A M K Taurani 1,974,964 2,214,878

Balance presented within "Other creditors" due after more than one year. This balance is not interest-bearing.


9. ULTIMATE CONTROLLING PARTY

The director is considered to be the ultimate controlling party by virtue of his ability to act in concert in respect of the operational and financial policies of the company.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Kiaren Ventures Ltd


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kiaren Ventures Ltd for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Kiaren Ventures Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kiaren Ventures Ltd and state those matters that we have agreed to state to the director of Kiaren Ventures Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kiaren Ventures Ltd and its director for our work or for this report.

It is your duty to ensure that Kiaren Ventures Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kiaren Ventures Ltd. You consider that Kiaren Ventures Ltd 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 financial statements of Kiaren Ventures Ltd. 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 financial statements.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


6 January 2025