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REGISTERED NUMBER: 12255012 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

KRIS & ANI PROPERTIES LTD

KRIS & ANI PROPERTIES LTD (REGISTERED NUMBER: 12255012)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KRIS & ANI PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 October 2024







DIRECTORS: K Karki
Mrs A Khattri Karki





REGISTERED OFFICE: 12 Gateway Mews
Ring Way
London
N11 2UT





REGISTERED NUMBER: 12255012 (England and Wales)





ACCOUNTANTS: G. George Associates Limited
Chartered Certified Accountants
12 Gateway Mews
Ring Way
London
N11 2UT

KRIS & ANI PROPERTIES LTD (REGISTERED NUMBER: 12255012)

BALANCE SHEET
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 709 616
Investment property 5 451,031 451,031
451,740 451,647

CURRENT ASSETS
Debtors 6 43,271 -
Cash at bank 34,102 23,507
77,373 23,507
CREDITORS
Amounts falling due within one year 7 189,343 139,867
NET CURRENT LIABILITIES (111,970 ) (116,360 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

339,770

335,287

CREDITORS
Amounts falling due after more than one
year

8

308,499

309,656
NET ASSETS 31,271 25,631

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 31,071 25,431
SHAREHOLDERS' FUNDS 31,271 25,631

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

KRIS & ANI PROPERTIES LTD (REGISTERED NUMBER: 12255012)

BALANCE SHEET - continued
31 October 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 Board of Directors and authorised for issue on 5 June 2025 and were signed on its behalf by:




K Karki - Director



Mrs A Khattri Karki - Director


KRIS & ANI PROPERTIES LTD (REGISTERED NUMBER: 12255012)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 October 2024

1. STATUTORY INFORMATION

Kris & Ani Properties 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Deferred taxation is provided on such surplus or deficit at the rate expected to apply when the property is sold.

The fair value profits on investment property is not a realised profit available for distribution. In order to differentiate the non-distributable proftits with the distributable profits of the company, any fair value movements on investment property less the deferred tax on such movements is transferred from retained earnings to fair value reserves, which is a non-distributable reserve.

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 NIL (2023 - NIL).

KRIS & ANI PROPERTIES LTD (REGISTERED NUMBER: 12255012)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 October 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 November 2023 913 579 1,492
Additions 329 - 329
At 31 October 2024 1,242 579 1,821
DEPRECIATION
At 1 November 2023 623 253 876
Charge for year 155 81 236
At 31 October 2024 778 334 1,112
NET BOOK VALUE
At 31 October 2024 464 245 709
At 31 October 2023 290 326 616

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 451,031
NET BOOK VALUE
At 31 October 2024 451,031
At 31 October 2023 451,031

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Other debtors 43,271 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Taxation and social security 6,993 7,637
Other creditors 182,350 132,230
189,343 139,867

KRIS & ANI PROPERTIES LTD (REGISTERED NUMBER: 12255012)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 October 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 308,499 308,499
Other creditors - 1,157
308,499 309,656

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 308,499 308,499

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Bank loans 308,499 308,499