2023-06-01 12016915 2024-05-31 12016915 2023-06-01 2024-05-31 12016915 2023-05-31 12016915 2022-06-01 2023-05-31 12016915 uk-core:WithinOneYear 2023-05-31 12016915 uk-core:WithinOneYear 2024-05-31 12016915 uk-core:AfterOneYear 2023-05-31 12016915 uk-core:AfterOneYear 2024-05-31 12016915 uk-core:ShareCapital 2024-05-31 12016915 uk-core:ShareCapital 2023-05-31 12016915 uk-core:RetainedEarningsAccumulatedLosses 2024-05-31 12016915 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 12016915 uk-bus:Director1 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure 12016915 uk-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 12016915 uk-bus:FRS102 2023-06-01 2024-05-31 12016915 uk-bus:FilletedAccounts 2023-06-01 2024-05-31 12016915 uk-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31
PK INVESTMENTS LTD
Registered Number:12016915
For the year ended 31 May 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2024
PK INVESTMENTS LTD
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
12016915
As at 31 May 2024
PK INVESTMENTS LTD
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
2,797,141
2,797,141
2
2,797,141
2,797,141
Current assets
Trade and other receivables
14,800
23,246
3
26,895
Cash and cash equivalents
62,645
85,891
41,695
Trade and other payables: amounts falling due within one
year
(844,657)
(843,418)
4
(802,962)
(757,527)
Net current liabilities
Total assets less current liabilities
2,039,614
1,994,179
Trade and other payables: amounts falling due after more
than one year
(2,008,296)
(2,043,248)
5
(3,634)
Net liabilities
(14,117)
Capital and reserves
Called up share capital
100
100
Retained earnings
(3,734)
(14,217)
(3,634)
(14,117)
Shareholders' funds
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.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Kanubhai Patel Director
These financial statements were approved and authorised for issue by the Board on 26 February 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 May 2024
PK INVESTMENTS LTD
Notes to the Financial Statements
Statutory Information
PK INVESTMENTS LTD is a private limited company, limited by shares, domiciled in England and Wales, registration
number 12016915.
Registered address:
62 Longthornton Road
London
SW16 5QG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover shown in profit & loss account comprises of rental income and is accounted for on a accrual basis.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions: Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is madewhere, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold. Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
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5
For the year ended 31 May 2024
PK INVESTMENTS LTD
Notes to the Financial Statements Continued
2. Property, plant and equipment
Land and
Buildings
£
Cost or
valuation
At 01 June 2023
2,797,141
At 31 May 2024
2,797,141
At 31 May 2024
Net book value
2,797,141
At 31 May 2023
2,797,141
3. Trade and other receivables
2023
2024
£
£
Trade debtors
3,246
4,800
Other debtors
20,000
10,000
14,800
23,246
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Other creditors
843,418
844,657
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
2,043,248
2,008,296
6. Average number of persons employed
During the year the average number of employees was 0
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