Registered number
10859920
K & R ESTATES INVESTMENTS LTD
Unaudited Filleted Accounts
31 July 2024
TEMPLETONS (HOLDINGS) LIMITED
CHARTERED ACCOUNTANTS
309 HOE STREET
WALTHAMSTOW
LONDON E17 9BG
K & R ESTATES INVESTMENTS LTD
Registered number: 10859920
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 14,430,676 14,349,678
Current assets
Debtors 4 451,798 490,543
Cash at bank and in hand 58,420 57,131
510,218 547,674
Creditors: amounts falling due within one year 5 (3,992,808) (4,498,584)
Net current liabilities (3,482,590) (3,950,910)
Total assets less current liabilities 10,948,086 10,398,768
Creditors: amounts falling due after more than one year 6 (7,856,021) (7,477,038)
Provisions for liabilities (651,067) (495,250)
Net assets 2,440,998 2,426,480
Capital and reserves
Called up share capital 10 10
Revaluation reserve 7 1,947,716 2,103,533
Profit and loss account 493,272 322,937
Shareholder's funds 2,440,998 2,426,480
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 member has 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.
Mr R V Raithatha
Director
Approved by the board on 29 July 2025
K & R ESTATES INVESTMENTS LTD
Notes to the Accounts
for the year ended 31 July 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 represents rent receivable during the year.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Investment Properties At valuation
Motor Vehicles 20% Reducing balance
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
Land and buildings Motor vehicles Total
£ £ £
Cost/Valuation ( valuation )
At 1 August 2023 14,240,000 139,895 14,379,895
Additions 102,933 102,933
At 31 July 2024 14,342,933 139,895 14,482,828
Depreciation
At 1 August 2023 - 30,217 30,217
Charge for the year - 21,935 21,935
At 31 July 2024 - 52,152 52,152
Net book value
At 31 July 2024 14,342,933 87,743 14,430,676
At 31 July 2023 14,240,000 109,678 14,349,678
Freehold land and buildings: 2024 2023
£ £
Historical cost 11,745,977 11,643,044
Cumulative depreciation based on historical cost - -
11,745,977 11,643,044
4 Debtors 2024 2023
£ £
Other debtors 451,798 490,543
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans (see note 6) 68,207 58,432
Obligations under finance lease and hire purchase contracts 10,157 10,157
Amounts owed to group undertakings and undertakings in which the company has a participating interest (see note 8 below) 3,560,133 4,157,658
Taxation and social security costs 102,286 42,974
Other creditors 252,025 229,363
3,992,808 4,498,584
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 7,791,160 7,408,568
Obligations under finance lease and hire purchase contracts 64,861 68,470
7,856,021 7,477,038
Bank loans are secured by a mortgage over the company investment properties and personal guarantees provided by directors of the company.
7 Revaluation reserve 2024 2023
£ £
At 1 August 2023 2,103,533 608,944
Gain on revaluation of land and buildings - 1,845,171
Deferred taxation arising on the revaluation of land and buildings (155,817) (350,582)
At 31 July 2024 1,947,716 2,103,533
This related to the gain on revaluation of the company's Investment Properties at 31 July 2024.
The revaluation was done by the directors based on market value and there has been no change in
valuation since the last valuation.
8 Related party transactions
K & R Investments Limited is 100% owned by K & R Estates Developments Limited, a company in which Mr R V Raithatha and Mrs K R Raithatha are both shareholders and Directors throughout the year.

At the year end, K & R Investments Limited owed £3,531,383 ( 2023 - £4,128,908) to K & R Estates Limited, a company which is also 100% owned by K & R Estates Developments Limited, as disclosed in note 5 above.

At the year end , K & R Estates Developments Limited owed £28,750 ( 2023 - £28,750) to K & R Investments Limited and this is disclosed in note 5 above.
9 Controlling party
The company was under the control of Mr R V Raithatha and Mrs K R Raithatha, both Directors of the company throughout the year.
10 Other information
K & R ESTATES INVESTMENTS LTD 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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