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REGISTERED NUMBER: 10245036 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Kullars Ltd

Kullars Ltd (Registered number: 10245036)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kullars Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: R Singh





REGISTERED OFFICE: c/o Ency Associates
Printware Court
Cumberland Business Centre
Portsmouth
Hampshire
PO5 1DS





REGISTERED NUMBER: 10245036 (England and Wales)





ACCOUNTANTS: Ency Associates
Chartered Certified Accountants
Printware Court
Cumberland Business Centre
Northumberland Road
Portsmouth
Hampshire
PO5 1DS

Kullars Ltd (Registered number: 10245036)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 - -
Investment property 5 550,000 550,000
550,000 550,000

CURRENT ASSETS
Debtors 6 221,650 294,150
Cash at bank 128,146 3,071
349,796 297,221
CREDITORS
Amounts falling due within one year 7 409,597 379,014
NET CURRENT LIABILITIES (59,801 ) (81,793 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

490,199

468,207

CREDITORS
Amounts falling due after more than
one year

8

(185,653

)

(199,042

)

PROVISIONS FOR LIABILITIES (25,554 ) (25,554 )
NET ASSETS 278,992 243,611

Kullars Ltd (Registered number: 10245036)

Balance Sheet - continued
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 278,892 243,511
278,992 243,611

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The 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.

The financial statements were approved by the director and authorised for issue on 28 March 2025 and were signed by:





R Singh - Director


Kullars Ltd (Registered number: 10245036)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Kullars Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents amounts receivable in respect of rental income from the investment properties owned, net of VAT where applicable.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 end 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

Kullars Ltd (Registered number: 10245036)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. FIXED ASSET INVESTMENTS

Kullars Ltd hold the following shares in companies registered in England & Wales:


Company Name
Registered
Number

Nominal value held

% held

SL Rental Limited 07286205 £50 50%
SL Rental (Guildford) Limited 12859827 £1 100%
Augusta Property Group Ltd 13332939 £1 50%

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 550,000
NET BOOK VALUE
At 30 June 2024 550,000
At 30 June 2023 550,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2019 4,742
Valuation in 2022 97,476
Cost 447,782
550,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 221,650 294,150

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 13,933 14,091
Taxation and social security 2,599 865
Other creditors 393,065 364,058
409,597 379,014

Kullars Ltd (Registered number: 10245036)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 185,653 199,042

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 124,844 138,122

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 199,586 213,133

Lloyds Bank plc created a charge dated 29 March 2017.

Lloyds Bank plc also created a charge dated 28 April 2017 over the leasehold interest in 67 Albert Road, Southsea, Hampshire, PO5 2SG, registered under title number PM21621.

Lloyds Bank plc created a charge dated 9th December 2020 over the leasehold interest in 28-30 chertsey street Guildford, Surrey, GU1 4HD.

10. ULTIMATE CONTROLLING PARTY

The controlling party is R Singh.