Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31false0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-05-10Buying and Selling of own real estate and other letting and operating of own or leased real estate2falsefalse 14859939 2023-05-09 14859939 2023-05-10 2024-05-31 14859939 2022-05-10 2023-05-09 14859939 2024-05-31 14859939 c:Director2 2023-05-10 2024-05-31 14859939 d:FreeholdInvestmentProperty 2023-05-10 2024-05-31 14859939 d:FreeholdInvestmentProperty 2024-05-31 14859939 d:CurrentFinancialInstruments 2024-05-31 14859939 d:Non-currentFinancialInstruments 2024-05-31 14859939 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 14859939 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 14859939 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-05-31 14859939 d:ShareCapital 2024-05-31 14859939 d:RetainedEarningsAccumulatedLosses 2024-05-31 14859939 c:OrdinaryShareClass1 2023-05-10 2024-05-31 14859939 c:OrdinaryShareClass1 2024-05-31 14859939 c:FRS102 2023-05-10 2024-05-31 14859939 c:AuditExempt-NoAccountantsReport 2023-05-10 2024-05-31 14859939 c:FullAccounts 2023-05-10 2024-05-31 14859939 c:PrivateLimitedCompanyLtd 2023-05-10 2024-05-31 14859939 e:PoundSterling 2023-05-10 2024-05-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 14859939









KRIVCO INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MAY 2024

 
KRIVCO INVESTMENTS LIMITED
REGISTERED NUMBER: 14859939

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
Note
£

Fixed assets
  

Investment property
 4 
244,011

  
244,011

Current assets
  

Cash at bank and in hand
  
44,804

  
44,804

Creditors: amounts falling due within one year
 5 
(601)

Net current assets
  
 
 
44,203

Total assets less current liabilities
  
288,214

Creditors: amounts falling due after more than one year
 6 
(302,736)

  

Net (liabilities)/assets
  
(14,522)


Capital and reserves
  

Called up share capital 
 8 
100

Profit and loss account
  
(14,622)

  
(14,522)


Page 1

 
KRIVCO INVESTMENTS LIMITED
REGISTERED NUMBER: 14859939
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the Period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 February 2025.




Jaskinder Virk
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
KRIVCO INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

1.


General information

The company is registered in England and Wales. Its registered office is Stanley House, 27 Wellington Road, Bilston, West Midlands, WV14 6AH. The companys principal activity is to be that of buying and selling of own real estate and other letting and operating of own or leased real estate. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the Period in which they are incurred.

Page 3

 
KRIVCO INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

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 measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including the directors, during the Period was as follows:


        2024
            No.






Directors
2


4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
244,011



At 31 May 2024
244,011

The 2024 valuations were made by the directors, on an open market value for existing use basis.





5.


Creditors: Amounts falling due within one year

2024
£

Accruals and deferred income
601

601


Page 4

 
KRIVCO INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MAY 2024

6.


Creditors: Amounts falling due after more than one year

2024
£

Bank loans
167,250

Other creditors
135,486

302,736


The above bank loans are secured against the investment properties held by the company, as per note 4 of the financial statements.  


7.


Loans


Analysis of the maturity of loans is given below:


2024
£




Amounts falling due after more than 5 years

Bank loans
167,250

167,250

167,250



8.


Share capital

2024
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


100 ordinary shares of £1 each were issued at par on 10 May 2023 when company was incorporated. 

 
Page 5