Company Registration No. SC711054 (Scotland)
Krbrady Property Limited
Unaudited accounts
for the year ended 31 October 2024
Krbrady Property Limited
Unaudited accounts
Contents
Krbrady Property Limited
Company Information
for the year ended 31 October 2024
Directors
Ryan Brady
Karen Brady
Paul James Brady
Company Number
SC711054 (Scotland)
Registered Office
272 BATH STREET
GLASGOW
G2 4JR
SCOTLAND
Accountants
Taxez
5 South Charlotte Street
Edinburgh
EH2 4AN
Krbrady Property Limited
Statement of financial position
as at 31 October 2024
Investment property
110,754
171,903
Cash at bank and in hand
34,976
5,927
Creditors: amounts falling due within one year
(70,456)
(70,703)
Net current liabilities
(35,480)
(64,776)
Total assets less current liabilities
94,301
107,127
Creditors: amounts falling due after more than one year
(92,712)
(122,893)
Net assets/(liabilities)
1,589
(15,766)
Called up share capital
2
2
Profit and loss account
1,587
(15,768)
Shareholders' funds
1,589
(15,766)
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 9 April 2025 and were signed on its behalf by
Ryan Brady
Director
Company Registration No. SC711054
Krbrady Property Limited
Notes to the Accounts
for the year ended 31 October 2024
Krbrady Property Limited is a private company, limited by shares, registered in Scotland, registration number SC711054. The registered office is 272 BATH STREET, GLASGOW, G2 4JR, SCOTLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The directors have considered the effect of future events on the company and have determined that they do not create a material uncertainty that casts significant doubt upon the company's ability to continue as a going concern. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% reducing balance method
Investments in crypto currencies are included at market value
Krbrady Property Limited
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Computer equipment
Fair value at 1 November 2023
171,903
At 31 October 2024
110,754
6
Investments
Other investments
Valuation at 1 November 2023
-
Valuation at 31 October 2024
18,620
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
277
-
Loans from directors
69,820
70,344
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).