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Registered number: 10280472
Konda Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Assets Limited
Chiltern Chambers
St Peters Avenue
Reading
Berkshire
RG47DH
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10280472
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 730,248 731,086
730,248 731,086
CURRENT ASSETS
Cash at bank and in hand 3,385 2,070
3,385 2,070
Creditors: Amounts Falling Due Within One Year 5 (365,052 ) (220,376 )
NET CURRENT ASSETS (LIABILITIES) (361,667 ) (218,306 )
TOTAL ASSETS LESS CURRENT LIABILITIES 368,581 512,780
Creditors: Amounts Falling Due After More Than One Year 6 (375,750 ) (521,515 )
NET LIABILITIES (7,169 ) (8,735 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (7,170 ) (8,736 )
SHAREHOLDERS' FUNDS (7,169) (8,735)
Page 1
Page 2
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Vishnu Kondaveeti
Director
21/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Konda Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10280472 . The registered office is Chiltern Chambers, 37 St Peters Avenue, Caversham, Reading, Berkshire, RG4 7DH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No Depreciation charged
Fixtures & Fittings 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
1 1
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 October 2023 727,737 5,955 733,692
As at 30 September 2024 727,737 5,955 733,692
...CONTINUED
Page 3
Page 4
Depreciation
As at 1 October 2023 - 2,606 2,606
Provided during the period - 838 838
As at 30 September 2024 - 3,444 3,444
Net Book Value
As at 30 September 2024 727,737 2,511 730,248
As at 1 October 2023 727,737 3,349 731,086
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 1,410 1,200
Director's loan account 556 1,304
Amounts owed to other participating interests 363,086 217,872
365,052 220,376
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 375,750 521,515
7. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
A charge dated 7th June 2017, on the freehold property included in fixed assets, has been registered with Companies House.
2024 2023
£ £
Bank loans and overdrafts 375,750 521,515
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4