Registered number
14189655
HKRP UK Ltd
Filleted Accounts
30 June 2024
HKRP UK Ltd
Registered number: 14189655
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 352 396
Tangible assets 4 3,741 1,728
4,093 2,124
Current assets
Debtors 5 6,914 15,210
Cash at bank and in hand 4,022 8,263
10,936 23,473
Creditors: amounts falling due within one year 6 (74,628) (29,968)
Net current liabilities (63,692) (6,495)
Net liabilities (59,599) (4,371)
Capital and reserves
Called up share capital 100 100
Profit and loss account (59,699) (4,471)
Shareholder's funds (59,599) (4,371)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Hitesh Patel
Director
Approved by the board on 10 March 2025
HKRP UK Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
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).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment, fixtures and fittings over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 1
3 Intangible fixed assets £
Trademark:
Cost
At 1 July 2023 440
At 30 June 2024 440
Amortisation
At 1 July 2023 44
Provided during the year 44
At 30 June 2024 88
Net book value
At 30 June 2024 352
At 30 June 2023 396
Trademark is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Equipment, fixtures and fittings
£
Cost
At 1 July 2023 2,304
Additions 3,260
At 30 June 2024 5,564
Depreciation
At 1 July 2023 576
Charge for the year 1,247
At 30 June 2024 1,823
Net book value
At 30 June 2024 3,741
At 30 June 2023 1,728
5 Debtors 2024 2023
£ £
Trade debtors 6,914 15,120
Other debtors - 90
6,914 15,210
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 460 8,030
Amounts owed to group undertakings and undertakings in which the company has a participating interest 54,076 10,644
Taxation and social security costs 18,763 10,256
Other creditors 1,329 1,038
74,628 29,968
7 Related party transactions 2024 2023
£ £
Value of services rendered to related companies 306 9,600
Value of services rendered by related companies 2,793 -
Balance owing to related companies at the year end 54,076 10,644
8 Controlling party
The company is controlled by Mr Hitesh Patel, the director, who has significant influence and control in the company.
9 Other information
HKRP UK Ltd is a private company limited by shares and incorporated in England. Its registered office is:
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
HKRP UK Ltd 14189655 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts July 2024 Mr Hitesh Patel No description of principal activity 14189655 2022-07-01 2023-06-30 14189655 core:WithinOneYear 2023-06-30 14189655 core:ShareCapital 2023-06-30 14189655 core:RetainedEarningsAccumulatedLosses 2023-06-30 14189655 2023-07-01 2024-06-30 14189655 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 14189655 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 14189655 bus:Director40 2023-07-01 2024-06-30 14189655 1 2023-07-01 2024-06-30 14189655 2 2023-07-01 2024-06-30 14189655 core:Goodwill 2023-07-01 2024-06-30 14189655 core:PlantMachinery 2023-07-01 2024-06-30 14189655 countries:England 2023-07-01 2024-06-30 14189655 bus:FRS102 2023-07-01 2024-06-30 14189655 bus:FilletedAccounts 2023-07-01 2024-06-30 14189655 2024-06-30 14189655 core:WithinOneYear 2024-06-30 14189655 core:ShareCapital 2024-06-30 14189655 core:RetainedEarningsAccumulatedLosses 2024-06-30 14189655 core:Goodwill 2024-06-30 14189655 core:PlantMachinery 2024-06-30 14189655 2023-06-30 14189655 core:Goodwill 2023-06-30 14189655 core:PlantMachinery 2023-06-30 iso4217:GBP xbrli:pure