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REGISTERED NUMBER: 13030205 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Kalel Developments Ltd

Kalel Developments Ltd (Registered number: 13030205)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kalel Developments Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTOR: J Kalel





SECRETARY:





REGISTERED OFFICE: Suite 310e East Wing
Strerling House
Loughton
Essex
IG10 3TS





REGISTERED NUMBER: 13030205 (England and Wales)





ACCOUNTANTS: Taxpoint Direct Limited
Chartered Certified Accountants &Tax Consultants
310E Sterling House
Langston Road
Loughton
IG10 3TS

Kalel Developments Ltd (Registered number: 13030205)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,581 18,109
Investment property 5 1,109,858 1,493,328
1,123,439 1,511,437

CURRENT ASSETS
Debtors 6 15,016 11,376
Cash at bank and in hand 2,238 41,496
17,254 52,872
CREDITORS
Amounts falling due within one year 7 497,249 319,766
NET CURRENT LIABILITIES (479,995 ) (266,894 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

643,444

1,244,543

CREDITORS
Amounts falling due after more than one
year

8

311,767

1,004,750
NET ASSETS 331,677 239,793

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 331,577 239,693
SHAREHOLDERS' FUNDS 331,677 239,793

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Kalel Developments Ltd (Registered number: 13030205)

Balance Sheet - continued
30 November 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 director and authorised for issue on 27 March 2025 and were signed by:





J Kalel - Director


Kalel Developments Ltd (Registered number: 13030205)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Kalel Developments 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.

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.

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 2 (2023 - 2 ) .

Kalel Developments Ltd (Registered number: 13030205)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 December 2023
and 30 November 2024 32,193
DEPRECIATION
At 1 December 2023 14,084
Charge for year 4,528
At 30 November 2024 18,612
NET BOOK VALUE
At 30 November 2024 13,581
At 30 November 2023 18,109

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023 1,493,328
Disposals (383,470 )
At 30 November 2024 1,109,858
NET BOOK VALUE
At 30 November 2024 1,109,858
At 30 November 2023 1,493,328

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
VAT 15,016 11,376

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other loans 414,164 161,585
Trade creditors 2,473 4,207
Tax 7,450 73,289
Social security and other taxes 997 975
Directors' current accounts 69,465 75,610
Accrued expenses 2,700 4,100
497,249 319,766

Kalel Developments Ltd (Registered number: 13030205)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans more 5 yr by instal 311,767 1,004,750

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 311,767 1,004,750

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
100 Ordinary Share Capital £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 December 2023 239,693
Profit for the year 101,884
Dividends (10,000 )
At 30 November 2024 331,577