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REGISTERED NUMBER: 04843376 (England and Wales)



















KALLAR INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






KALLAR INVESTMENTS LIMITED (REGISTERED NUMBER: 04843376)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


KALLAR INVESTMENTS LIMITED (REGISTERED NUMBER: 04843376)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 90,192 92,756
Investments 5 100 100
Investment property 6 17,413,168 17,324,436
17,503,460 17,417,292

CURRENT ASSETS
Stocks 1,051,250 1,326,250
Debtors 7 7,936,008 9,124,917
Cash at bank and in hand 590,747 134,255
9,578,005 10,585,422
CREDITORS
Amounts falling due within one year 8 683,549 368,816
NET CURRENT ASSETS 8,894,456 10,216,606
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,397,916

27,633,898

CREDITORS
Amounts falling due after more than one
year

9

(13,169,758

)

(14,567,912

)

PROVISIONS FOR LIABILITIES (1,759,540 ) (1,763,466 )
NET ASSETS 11,468,618 11,302,520

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 11 6,415,027 6,627,005
Retained earnings 5,053,491 4,675,415
SHAREHOLDERS' FUNDS 11,468,618 11,302,520

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

KALLAR INVESTMENTS LIMITED (REGISTERED NUMBER: 04843376)

BALANCE SHEET - continued
31 JULY 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2025 and were signed on its behalf by:





L Kallar - Director


KALLAR INVESTMENTS LIMITED (REGISTERED NUMBER: 04843376)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Kallar Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04843376

Registered office: 150 The Office
Station Road
Sidcup
Kent
DA15 7AB

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Kallar Investments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

In respect of long term contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

KALLAR INVESTMENTS LIMITED (REGISTERED NUMBER: 04843376)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Work in progress and stock
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stock is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of stock.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

KALLAR INVESTMENTS LIMITED (REGISTERED NUMBER: 04843376)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 August 2023
and 31 July 2024 125,000 2,784 5,514 133,298
DEPRECIATION
At 1 August 2023 32,500 2,756 5,286 40,542
Charge for year 2,500 7 57 2,564
At 31 July 2024 35,000 2,763 5,343 43,106
NET BOOK VALUE
At 31 July 2024 90,000 21 171 90,192
At 31 July 2023 92,500 28 228 92,756

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 August 2023
and 31 July 2024 100
NET BOOK VALUE
At 31 July 2024 100
At 31 July 2023 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 17,324,436
Additions 1,825,000
Disposals (1,520,364 )
Revaluations (215,904 )
At 31 July 2024 17,413,168
NET BOOK VALUE
At 31 July 2024 17,413,168
At 31 July 2023 17,324,436

KALLAR INVESTMENTS LIMITED (REGISTERED NUMBER: 04843376)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

6. INVESTMENT PROPERTY - continued

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2013 2,237,496
Valuation in 2014 110,000
Valuation in 2015 2,514,633
Valuation in 2016 1,750,000
Valuation in 2017 616,551
Valuation in 2018 1,004,735
Valuation in 2019 992,497
Valuation in 2020 (134,785 )
Valuation in 2022 (700,656 )
Valuation in 2024 (215,904 )
Cost 9,238,601
17,413,168

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 9,238,601 8,933,965

The investment properties were valued on an open market basis on 31 July 2024 by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings - 4,006
Other debtors 7,936,008 9,120,911
7,936,008 9,124,917

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,538 14,477
Trade creditors 501,090 136,370
Taxation and social security 42,776 89,324
Other creditors 136,145 128,645
683,549 368,816

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 7,404,966 10,227,614
Other creditors 5,764,792 4,340,298
13,169,758 14,567,912

KALLAR INVESTMENTS LIMITED (REGISTERED NUMBER: 04843376)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

Bank loans due more than 5 years by instalments amount to £7,390,298 (2023: £10,165,386).

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 7,408,504 10,242,091

11. RESERVES
Fair
value
reserve
£   
At 1 August 2023 6,627,005
Surplus on revaluation (215,904 )
Deferred tax adjustment 3,926

At 31 July 2024 6,415,027

KALLAR INVESTMENTS LIMITED (REGISTERED NUMBER: 04843376)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

12. RELATED PARTY DISCLOSURES

Dividends were voted to the directors' this year totalling £1,961 (2023: £3,922).

Broadway 267 Limited
A company in which two directors each have a significant influence.

Amounts due to related party at the balance sheet date is £136,267 (2023 - £250,267).

No interest is payable on the loan and there are no agreed repayment terms.

Broadway House 210-214 Ltd
A company in which two directors each have a significant influence.

Amounts due from related party at the balance sheet date is £3,413,500 (2023 - £4,667,500).

No interest is payable on the loan and there are no agreed repayment terms.

Kallarview Developments Ltd
A company in which two directors each have a significant influence.

Amounts due from related party at the balance sheet date is £1,317,063 (2023 - £1,317,063).

No interest is payable on the loan and there are no agreed repayment terms.

Lion 59 Limited
A company in which two directors each have a significant influence.

Amounts due from related party at the balance sheet date is £554,900 (2023 - £,554,900).

No interest is payable on the loan and there are no agreed repayment terms.

Hythe St Limited
A company in which two directors each have a significant influence.

Amounts due from related party at the balance sheet date is £1,939,154 (2023 - £1,939,154).

No interest is payable on the loan and there are no agreed repayment terms.

Durham 2023 Limited
A company in which two directors each have a significant influence.

Amounts due from related party at the balance sheet date is nil (2023 - £214,395).

No interest is payable on the loan and there are no agreed repayment terms.

Dunstans Road Limited
A company in which one director has a significant influence.

Amounts due from related party at the balance sheet date is £595,104 (2023 - £60,150).

No interest is payable on the loan and there are no agreed repayment terms.

KVC Midas Limited
A company in which one director has a significant influence.

Amounts due from related party at the balance sheet date is nil (2023 - £270,928).


KALLAR INVESTMENTS LIMITED (REGISTERED NUMBER: 04843376)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024
No interest is payable on the loan and there are no agreed repayment terms.

Kallarview Holdings Limited
A company in which one director has a significant influence.

Amounts due from related party at the balance sheet date is £150 (2023 - £150).

No interest is payable on the loan and there are no agreed repayment terms

Kallarview Homes Limited
A company in which one director has a significant influence.

Amounts due to related party at the balance sheet date is £2,435,000 (2023 - £3,342,500).

No interest is payable on the loan and there are no agreed repayment terms.

Taylorview Limited
A company in which one director has a significant influence.

Amounts due to related party at the balance sheet date is £1,067,500 (2023 - £727,500).

No interest is payable on the loan and there are no agreed repayment terms.

Moor Park Estates Limited
A company in which the directors are shareholders.

Amounts due to related party at the balance sheet date is £750,500.

No interest is payable on the loan and there are no agreed repayment terms.

13. ULTIMATE CONTROLLING PARTY

In the Directors' opinion the company is majority controlled by Mr L Kallar.