Registered number
12830398
KISMET ESTATES LIMITED
FILLETED ABRIDGED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2024
KISMET ESTATES LIMITED
Company Information
Directors
Mr Mohammad Nadeem Ashraf
Mrs Tugba Ashraf
Registered office
Moss Bridge House, 1st Floor
Moss Bridge Road
Rochdale
OL16 5EA
Registered number
12830398
KISMET ESTATES LIMITED
Registered number: 12830398
Abridged Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 531,184 531,961
Current assets
Debtors 603 -
Cash at bank and in hand 1,609 10,862
2,212 10,862
Creditors: amounts falling due within one year (163,141) (161,272)
Net current liabilities (160,929) (150,410)
Total assets less current liabilities 370,255 381,551
Creditors: amounts falling due after more than one year 5 (239,203) (244,829)
Net assets 131,052 136,722
Capital and reserves
Called up share capital 6 10 10
Revaluation reserve 7 165,557 165,557
Profit and loss account (34,515) (28,845)
Shareholders' funds 131,052 136,722
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
Mr Mohammad Nadeem Ashraf
Director
Approved by the board on 28 May 2025
KISMET ESTATES LIMITED
Notes to the Abridged Accounts
for the year ended 31 August 2024
1 General information
KISMET ESTATES LIMITED is a private company limited by shares and incorporated in England. The registered office is:
Moss Bridge House, 1st Floor
Moss Bridge Road
Rochdale
OL16 5EA
2 Accounting policies
Basis of preparation
The accounts have been prepared on the going concern basis under the historical cost convention and in accordance with FRS 102 section 1A small entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures & Fittings 20% straight line
Land and buildings are carried at fair value determined annually and derived from the current market rents and property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account and a revaluation reserve account.
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
4 Tangible fixed assets
Total
£
Cost
At 1 September 2023 533,885
At 31 August 2024 533,885
Depreciation
At 1 September 2023 1,924
Charge for the year 777
At 31 August 2024 2,701
Net book value
At 31 August 2024 531,184
At 31 August 2023 531,961
5 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 211,712 215,521
6 Share capital 2024 2023
£ £
Allotted, called up and fully paid
10 (2023: 10) Ordinary shares of £1 each 10 10
7 Revaluation reserve 2024 2023
£ £
At the beginning of the year 165,557 -
Gain on revaluation - 165,557
At the end of the year 165,557 165,557
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