Registered number
10988138
KRRISN ENTERPRISES LIMITED
Unaudited Filleted Accounts
30 September 2024
TEMPLETONS (HOLDINGS) LIMITED
CHARTERED ACCOUNTANTS
309 HOE STREET
WALTHAMSTOW
LONDON E17 9BG
KRRISN ENTERPRISES LIMITED
Registered number: 10988138
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 825,000 825,000
Investments 4 102 102
825,102 825,102
Current assets
Debtors 5 6,150 -
Cash at bank and in hand 27,694 93,158
33,844 93,158
Creditors: amounts falling due within one year 6 (207,328) (312,946)
Net current liabilities (173,484) (219,788)
Total assets less current liabilities 651,618 605,314
Creditors: amounts falling due after more than one year 7 (324,220) (312,087)
Provisions for liabilities (27,369) (19,439)
Net assets 300,029 273,788
Capital and reserves
Called up share capital 102 102
Revaluation reserve 8 89,944 95,024
Profit and loss account 209,983 178,662
Shareholder's funds 300,029 273,788
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Ms Seema Netan Popat
Director
Approved by the board on 18 July 2025
KRRISN ENTERPRISES LIMITED
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration receivable, net of discounts Turnover includes rent receivable from investment properties.
Fixed assets
Fixed assets consist of Investment Properties. Investment Properties are revalued at the year end by the company's Director based on open market values.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Investment Property
£
Cost/ Valuation
At 1 October 2023 825,000
At 30 September 2024 825,000
Depreciation
At 30 September 2024 -
Net book value
At 30 September 2024 825,000
At 30 September 2023 825,000
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 October 2023 102
At 30 September 2024 102
The investment in subsidiary undertakings relates to the investment in Bestlines limited, a
company incorporated in the UK, and is 100% owned by Krrisn Enterprises Limited.
The company has taken advantage of the exemption under section 402 of Companies Act 2006, not to prepare Consolidated Accounts, as the group qualifies as a small group.
5 Debtors 2024 2023
£ £
Other debtors 6,150 -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loan (See note 6 below) - 19,275
Taxation and social security costs 8,882 3,895
Other creditors 198,446 289,776
207,328 312,946
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loan 324,220 312,087
The bank loan is secured by a mortgage over the company's Investment property.
8 Revaluation reserve 2024 2023
£ £
At 1 October 2023 95,024 95,024
Deferred taxation arising on the revaluation of land and buildings (5,080) -
At 30 September 2024 89,944 95,024
The valuation are done by the Director based on market value. The Director is not aware of any material changes in value since the last date of valuation at 30/09/2024.
9 Controlling party
The company was under the control of Ms Seema Netan Popat, a director and shareholder of the company, throughout the year.
10 Other information
KRRISN ENTERPRISES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
309 Hoe Street
Walthamstow
London
E17 9BG
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