2023-06-01 2024-05-31 false No description of principal activity Capium Accounts Production 1.1 11842185 2023-06-01 2024-05-31 11842185 bus:AbridgedAccounts 2023-06-01 2024-05-31 11842185 bus:FRS102 2023-06-01 2024-05-31 11842185 bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 11842185 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 11842185 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 11842185 2023-06-01 2024-05-31 11842185 2024-05-31 11842185 bus:RegisteredOffice 2023-06-01 2024-05-31 11842185 core:WithinOneYear 2024-05-31 11842185 core:AfterOneYear 2024-05-31 11842185 1 2023-06-01 2024-05-31 11842185 bus:Director1 2023-06-01 2024-05-31 11842185 bus:Director1 2024-05-31 11842185 bus:Director1 2022-06-01 2023-05-31 11842185 2022-06-01 11842185 bus:LeadAgentIfApplicable 2023-06-01 2024-05-31 11842185 2022-06-01 2023-05-31 11842185 2023-05-31 11842185 core:WithinOneYear 2023-05-31 11842185 core:AfterOneYear 2023-05-31 11842185 bus:EntityAccountantsOrAuditors 2022-06-01 2023-05-31 11842185 core:InvestmentProperties 2023-06-01 2024-05-31 11842185 core:InvestmentProperties 2024-05-31 11842185 core:InvestmentProperties 2023-05-31 11842185 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-05-31 11842185 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-05-31 11842185 core:CostValuation core:Non-currentFinancialInstruments 2024-05-31 11842185 core:CostValuation core:Non-currentFinancialInstruments 2023-05-31 11842185 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-05-31 11842185 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2024-05-31 11842185 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2024-05-31 11842185 core:Non-currentFinancialInstruments 2024-05-31 11842185 core:Non-currentFinancialInstruments 2023-05-31 11842185 core:ShareCapital 2024-05-31 11842185 core:ShareCapital 2023-05-31 11842185 core:RevaluationReserve 2024-05-31 11842185 core:RevaluationReserve 2023-05-31 11842185 core:RetainedEarningsAccumulatedLosses 2024-05-31 11842185 core:RetainedEarningsAccumulatedLosses 2023-05-31 11842185 dpl:Item1 2023-06-01 11842185 dpl:Item1 2024-05-31 11842185 dpl:Item1 2022-06-01 11842185 dpl:Item1 2023-05-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 11842185
England and Wales

 

 

 

KALRA PROPERTY GROUP LTD


Abridged Accounts
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 115,000    100,000 
115,000    100,000 
Current assets      
Debtors 58,648    57,398 
Cash at bank and in hand 722    969 
59,370    58,367 
Creditors: amount falling due within one year (69,936)   (79,715)
Net current assets (10,566)   (21,348)
 
Total assets less current liabilities 104,434    78,652 
Creditors: amount falling due after more than one year (60,000)   (60,000)
Net assets 44,434    18,652 
 

Capital and reserves
     
Called up share capital 100    100 
Reserves 4 62,965    47,965 
Profit and loss account (18,631)   (29,413)
Shareholders' funds 44,434    18,652 
 


For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 03 February 2025 and were signed by:


-------------------------------
G S Kalra-Phull
Director
1
General Information
Kalra Property Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 11842185, registration address 50 Lancaster Road, Hitchin, Hertfordshire, SG5 1PD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Going concern
The accounts are prepared on a going concern basis. The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.
Turnover
Turnover comprises net invoiced sales of services and rent receivable excluding Value Added Tax and trade discounts.  Rental income is recognised on a monthly basis.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income, 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 statement of financial position date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 and 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.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.

Investment properties are recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Debtors
Short term debtors are measured at transaction price less any impairment. Loans receivable are measured at initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the effective interest method.
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 subsequently measured at amortised costs using the effective interest method.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Investment properties   Total
  £   £
At 01 June 2023 100,000    100,000 
Additions  
Disposals  
Revaluations 15,000    15,000 
At 31 May 2024 115,000    115,000 
Depreciation
At 01 June 2023  
Charge for year  
On disposals  
At 31 May 2024  
Net book values
Closing balance as at 31 May 2024 115,000    115,000 
Opening balance as at 01 June 2023 100,000    100,000 


4.

Director’s loan

Director's advances, credits and guarantees

At the balance sheet date there was a credit balance of £32,657 (2023: £32,657 credit) on the director's loan account.

Interest is payable on the loan at 8% and there is no fixed date for repayment.
5.

Debtors: amounts falling due within one year

.   2024
£
  2023
£
Other Debtors 58,648  57,398 
58,648  57,398 

6.

Creditors: amounts falling due within one year

.   2024
£
  2023
£
Corporation Tax 1,537  3,564 
Accrued Expenses 7,647  15,759 
Other Creditors 28,095  27,735 
Directors' Current Accounts 32,657  32,657 
69,936  79,715 

7.

Creditors: amounts falling due after more than one year

.   2024
£
  2023
£
Bank Loans & Overdrafts (secured) 60,000  60,000 
60,000  60,000 

2