Registered number
05885347
KERAI SOLUTIONS LTD
Filleted Abridged Accounts
31 March 2025
KERAI SOLUTIONS LTD
Registered number: 05885347
Abridged Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 434 578
Investments 4 648,823 -
649,257 578
Current assets
Debtors 3,142 3,142
Cash at bank and in hand 10,589 151,837
13,731 154,979
Creditors: amounts falling due within one year (94,101) (21,115)
Net current (liabilities)/assets (80,370) 133,864
Total assets less current liabilities 568,887 134,442
Creditors: amounts falling due after more than one year (459,399) -
Net assets 109,488 134,442
Capital and reserves
Called up share capital 102 102
Profit and loss account 109,386 134,340
Shareholders' funds 109,488 134,442
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 members have 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.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
Mr Dipak Kerai
Director
Approved by the board on 15 April 2025
KERAI SOLUTIONS LTD
Notes to the Abridged Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The abridged 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).
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:
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
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.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction cost. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Total
£
Cost
At 1 April 2024 16,230
At 31 March 2025 16,230
Depreciation
At 1 April 2024 15,652
Charge for the year 144
At 31 March 2025 15,796
Net book value
At 31 March 2025 434
At 31 March 2024 578
4 Investments
Other
investments
£
Cost
Additions 648,823
At 31 March 2025 648,823
Historical cost
At 31 March 2025 648,823
Other investments is an investment property. The fair value of the property at 31st March 2025 has been arrived at on the basis of a valuation carried out at that date by Mr Dipak Kerai, a director of the company who is not a professionally qualified valuer. The valuation was arrived by reference to market evidence of transaction prices for similar properties in its location and takes into account the current state of the rental market in the area where the properties are situated.
5 Loans 2025 2024
£ £
Creditors include:
Secured bank loans 481,500 -
The bank loan is secured on the investment property.
6 Other information
KERAI SOLUTIONS LTD is a private company limited by shares and incorporated in England. Its registered office is:
18 The Broadway
East Lane
Wembley
Middlesex
HA9 8JU
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