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Company Registration No. 12934949 (England and Wales)
Kuteera Properties Ltd Unaudited accounts for the year ended 31 October 2024
Kuteera Properties Ltd Unaudited accounts Contents
Page
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Kuteera Properties Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
656,500 
566,000 
Current assets
Debtors
919 
- 
Cash at bank and in hand
47,556 
3,652 
48,475 
3,652 
Creditors: amounts falling due within one year
(25,880)
(28,240)
Net current assets/(liabilities)
22,595 
(24,588)
Total assets less current liabilities
679,095 
541,412 
Creditors: amounts falling due after more than one year
(587,771)
(454,393)
Provisions for liabilities
Deferred tax
(39,209)
(37,893)
Net assets
52,115 
49,126 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
52,113 
49,124 
Shareholders' funds
52,115 
49,126 
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 April 2025 and were signed on its behalf by
Gururaj Kulkarni Director Company Registration No. 12934949
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Kuteera Properties Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Kuteera Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 12934949. The registered office is 7 Molescroft, London, SE9 3JU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property, which is property held to earn rentals and for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The gain or loss on revaluation is recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover represents rental income arising from the investment property.
4
Investment property
2024 
£ 
Fair value at 1 November 2023
566,000 
Additions
83,575 
Net gain from fair value adjustments
6,925 
At 31 October 2024
656,500 
The fair value of the investment property has been arrived at on the basis of a valuation carried out by the director. The valuation was made on an open market value basis by reference to rental income and rental yields.
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Kuteera Properties Ltd Notes to the Accounts for the year ended 31 October 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
919 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
25,880 
28,240 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
307,771 
204,393 
Other creditors
280,000 
250,000 
587,771 
454,393 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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