0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 263,442 263,442 263,442 xbrli:pure xbrli:shares iso4217:GBP 10025955 2023-04-01 2024-03-31 10025955 2024-03-31 10025955 2023-03-31 10025955 2022-04-01 2023-03-31 10025955 2023-03-31 10025955 2022-03-31 10025955 bus:Director1 2023-04-01 2024-03-31 10025955 core:WithinOneYear 2024-03-31 10025955 core:WithinOneYear 2023-03-31 10025955 core:AfterOneYear 2024-03-31 10025955 core:AfterOneYear 2023-03-31 10025955 core:ShareCapital 2024-03-31 10025955 core:ShareCapital 2023-03-31 10025955 core:RetainedEarningsAccumulatedLosses 2024-03-31 10025955 core:RetainedEarningsAccumulatedLosses 2023-03-31 10025955 core:LandBuildings core:LongLeaseholdAssets 2024-03-31 10025955 core:LandBuildings core:LongLeaseholdAssets 2023-03-31 10025955 bus:SmallEntities 2023-04-01 2024-03-31 10025955 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10025955 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10025955 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10025955 bus:FullAccounts 2023-04-01 2024-03-31 10025955 core:Associate1 2023-04-01 2024-03-31 10025955 core:Associate1 2024-03-31 10025955 core:Associate1 2023-03-31
COMPANY REGISTRATION NUMBER: 10025955
Kartar Holdings Limited
Filleted Unaudited Financial Statements
31 March 2024
Kartar Holdings Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
263,442
263,442
Current assets
Debtors
5
3,686
13,675
Cash at bank and in hand
35
2,416
-------
--------
3,721
16,091
Creditors: amounts falling due within one year
6
106,033
106,082
---------
---------
Net current liabilities
102,312
89,991
---------
---------
Total assets less current liabilities
161,130
173,451
Creditors: amounts falling due after more than one year
7
155,505
164,025
---------
---------
Net assets
5,625
9,426
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
5,525
9,326
-------
-------
Shareholders funds
5,625
9,426
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Kartar Holdings Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 19 December 2024 , and are signed on behalf of the board by:
Mr D K S Hayer
Director
Company registration number: 10025955
Kartar Holdings Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Goosedale Lane, Moor Road, Papplewick, Nottingham, NG6 8UJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
4. Tangible assets
Long leasehold property
£
Cost
At 1 April 2023 and 31 March 2024
263,442
---------
Depreciation
At 1 April 2023 and 31 March 2024
---------
Carrying amount
At 31 March 2024
263,442
---------
At 31 March 2023
263,442
---------
The directors consider that the market value of the leasehold property at 31 March 2024 is in line with the original cost.
5. Debtors
2024
2023
£
£
Other debtors
3,686
13,675
-------
--------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
8,342
7,755
Trade creditors
1,431
1,318
Other creditors
96,260
97,009
---------
---------
106,033
106,082
---------
---------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
155,505
164,025
---------
---------
Included within creditors: amounts falling due after more than one year is an amount of £117,718 (2023: £129,560) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
8. Secured debts
The following secured debts are included within creditors:
2024
2023
£
£
Mortgage
123,716
126,111
---------
---------
Shawbrook Bank Limited has a fixed charge over the property including all land, buildings, fixtures, fittings, related rights and goodwill.
9. Related party transactions
The company has received a loan from an associated company . The balance outstanding at the year end was £ 94,557 (2023: £ 94,557 ). The loan is unsecured, no interest is being charged and no repayment terms are in place.