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REGISTERED NUMBER: 10335450 (England and Wales)



















SRK GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






SRK GROUP LIMITED (REGISTERED NUMBER: 10335450)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 9

SRK GROUP LIMITED (REGISTERED NUMBER: 10335450)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 35,475 51,525
Tangible assets 5 184,777 232,229
Investments 6 9,756 9,756
230,008 293,510

CURRENT ASSETS
Debtors 7 544,302 437,966
Cash at bank 2,932 12,936
547,234 450,902
CREDITORS
Amounts falling due within one year 8 135,221 165,300
NET CURRENT ASSETS 412,013 285,602
TOTAL ASSETS LESS CURRENT
LIABILITIES

642,021

579,112

CREDITORS
Amounts falling due after more than one
year

9

387,994

388,941
NET ASSETS 254,027 190,171

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 253,927 190,071
SHAREHOLDERS' FUNDS 254,027 190,171

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

SRK GROUP LIMITED (REGISTERED NUMBER: 10335450)

BALANCE SHEET - continued
30 SEPTEMBER 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 20 May 2025 and were signed on its behalf by:




L S Sohal - Director



S Khangura - Director


SRK GROUP LIMITED (REGISTERED NUMBER: 10335450)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

SRK Group 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: 10335450

Registered office: 71 Knowl Piece
Wilbury Way
Hitchin
SG4 0TY

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.

Preparation of consolidated financial statements
The financial statements contain information about SRK Group 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.

Intangible assets
Franchise, being the amount paid in connection with the acquisition of each business, is being amortised evenly over is estimated useful life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 10% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 33% on cost

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


SRK GROUP LIMITED (REGISTERED NUMBER: 10335450)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
The directors are of the opinion it is appropriate to prepare the accounts on a going concern basis. The company has continued to meet its obligations since the balance sheet date and the directors' have agreed adequate facilities with the company bankers and appropriate payment terms with all major creditors. The directors' have also pledged their continued support for the foreseeable future.

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.

SRK GROUP LIMITED (REGISTERED NUMBER: 10335450)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Franchise
£   
COST
At 1 October 2023
and 30 September 2024 150,500
AMORTISATION
At 1 October 2023 98,975
Amortisation for year 16,050
At 30 September 2024 115,025
NET BOOK VALUE
At 30 September 2024 35,475
At 30 September 2023 51,525

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 October 2023 3,436 517,804 14,027 535,267
Additions - 3,675 1,724 5,399
At 30 September 2024 3,436 521,479 15,751 540,666
DEPRECIATION
At 1 October 2023 2,148 287,552 13,338 303,038
Charge for year 344 52,102 405 52,851
At 30 September 2024 2,492 339,654 13,743 355,889
NET BOOK VALUE
At 30 September 2024 944 181,825 2,008 184,777
At 30 September 2023 1,288 230,252 689 232,229

SRK GROUP LIMITED (REGISTERED NUMBER: 10335450)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Fixtures
and
fittings
£   
COST
At 1 October 2023
and 30 September 2024 124,769
DEPRECIATION
At 1 October 2023 69,663
Charge for year 12,477
At 30 September 2024 82,140
NET BOOK VALUE
At 30 September 2024 42,629
At 30 September 2023 55,106

6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 October 2023
and 30 September 2024 9,756
NET BOOK VALUE
At 30 September 2024 9,756
At 30 September 2023 9,756

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 13,314 12,297

Amounts falling due after more than one year:
Amounts owed by group undertakings 322,333 321,014
Other debtors 208,655 104,655
530,988 425,669

Aggregate amounts 544,302 437,966

SRK GROUP LIMITED (REGISTERED NUMBER: 10335450)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,380 34,007
Trade creditors 37,991 46,645
Taxation and social security 8,490 10,436
Other creditors 80,360 74,212
135,221 165,300

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 29,664 40,150
Other creditors 358,330 348,791
387,994 388,941

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 2,848 33,427

SRK GROUP LIMITED (REGISTERED NUMBER: 10335450)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

11. RELATED PARTY DISCLOSURES

ACCA Land Limited
A company in which Mr L S Sohal is a director and indirect shareholder.

The amount owing from the related party is £204,655 (2023: £104,655).

There were recharges received from related party in the year totalling £100,000 (2023: £100,000).

This loan is unsecured, there is no interest payable and there are no repayment terms.

WFF (York) Group Limited
A company in which Mr L S Sohal is a director and indirect shareholder.

The amount due to the related party is £75,000 (2023: £75,000).

This loan is unsecured, there is no interest payable and there are no repayment terms.

Larentia Land Limited
A company in which Mr L S Sohal and Mr S Khangura are joint directors and indirect shareholders.

The amount due to the related party is £146,000 (2023: £131,500).

This loan is unsecured, there is no interest payable and there are no repayment terms.

Larentia Capital Limited
A company in which Mr S Khangura is a joint director and shareholder.

The amount due to the related party is £5,926 (2023: £5,926).

This loan is unsecured, there is no interest payable and there are no repayment terms.

Faustulus Limited
A company in which Mr S Khangura is a director.

Amount due from the related party at the balance sheet date is £4,000 (2023: £Nil).

This loan is unsecured, there is no interest payable and there are no agreed repayment terms.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SRK GROUP LIMITED (REGISTERED NUMBER: 10335450)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SRK Group Limited for the year ended 30 September 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of SRK Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SRK Group Limited and state those matters that we have agreed to state to the Board of Directors of SRK Group Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that SRK Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SRK Group Limited. You consider that SRK Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of SRK Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Jones Hunt & Keelings
Chartered Certified Accountants and
Chartered Tax Advisers
71 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY


20 May 2025