IRIS Accounts Production v25.1.3.33 14477615 director 1.12.23 30.11.24 30.11.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh144776152023-11-30144776152024-11-30144776152023-12-012024-11-30144776152022-11-10144776152022-11-112023-11-30144776152023-11-3014477615ns15:EnglandWales2023-12-012024-11-3014477615ns14:PoundSterling2023-12-012024-11-3014477615ns10:Director12023-12-012024-11-3014477615ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3014477615ns10:SmallEntities2023-12-012024-11-3014477615ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3014477615ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3014477615ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3014477615ns10:FullAccounts2023-12-012024-11-3014477615ns10:CompanySecretary12023-12-012024-11-3014477615ns10:RegisteredOffice2023-12-012024-11-3014477615ns5:CurrentFinancialInstruments2024-11-3014477615ns5:CurrentFinancialInstruments2023-11-3014477615ns5:Non-currentFinancialInstruments2024-11-3014477615ns5:Non-currentFinancialInstruments2023-11-3014477615ns5:ShareCapital2024-11-3014477615ns5:ShareCapital2023-11-3014477615ns5:RetainedEarningsAccumulatedLosses2024-11-3014477615ns5:RetainedEarningsAccumulatedLosses2023-11-3014477615ns5:LandBuildings2023-11-3014477615ns5:LandBuildings2024-11-3014477615ns5:LandBuildings2023-11-3014477615ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3014477615ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-30
REGISTERED NUMBER: 14477615 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

KIRALLAR PROPERTY 2 LTD

KIRALLAR PROPERTY 2 LTD (REGISTERED NUMBER: 14477615)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KIRALLAR PROPERTY 2 LTD

Company Information
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: N Kiral





SECRETARY:





REGISTERED OFFICE: 293 Green Lanes
London
N13 4XS





REGISTERED NUMBER: 14477615 (England and Wales)





ACCOUNTANTS: ADPL LLP
Chartered Certified Accountants
& Business Advisers
Ernest House
293 Green Lanes
Palmers Green
London
N13 4XS

KIRALLAR PROPERTY 2 LTD (REGISTERED NUMBER: 14477615)

Balance Sheet
30 NOVEMBER 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 11,898,809 11,898,809

CURRENT ASSETS
Debtors 5 - 400
Cash at bank 382,768 254,038
382,768 254,438
CREDITORS
Amounts falling due within one year 6 3,754,810 3,752,338
NET CURRENT LIABILITIES (3,372,042 ) (3,497,900 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,526,767

8,400,909

CREDITORS
Amounts falling due after more than one
year

7

7,807,544

8,140,854
NET ASSETS 719,223 260,055

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 718,223 259,055
719,223 260,055

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

KIRALLAR PROPERTY 2 LTD (REGISTERED NUMBER: 14477615)

Balance Sheet - continued
30 NOVEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 May 2025 and were signed by:





N Kiral - Director


KIRALLAR PROPERTY 2 LTD (REGISTERED NUMBER: 14477615)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Kirallar Property 2 Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

KIRALLAR PROPERTY 2 LTD (REGISTERED NUMBER: 14477615)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 December 2023
and 30 November 2024 11,898,809
NET BOOK VALUE
At 30 November 2024 11,898,809
At 30 November 2023 11,898,809

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other debtors - 400

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade creditors 7,629 4,526
Taxation and social security 47,133 47,764
Other creditors 3,700,048 3,700,048
3,754,810 3,752,338

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans 7,429,964 7,763,274
Other creditors 377,580 377,580
7,807,544 8,140,854

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,429,964 7,763,274

KIRALLAR PROPERTY 2 LTD (REGISTERED NUMBER: 14477615)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


8. RELATED PARTY DISCLOSURES

Extra Cash and Carry Limited

Nasir Kiral is a shareholder of Exra Cash and Carry Limited.

The company owes in the amounts of £2,600,000 (2023: £2,600,000) to Extra Cash and Carry Limited at the end of reporting date.

Best C.Veg Limited

Nasir Kiral is a shareholder of Best C.Veg Limited.

The company owes in the amounts of £1,100,000 (2023: £1,100,000) to Best C.Veg Limited at the end of reporting date.