| 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 |
|
|
|
|
|
|
|
|
|