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Company Registration No. 14813456 (England and Wales)
KARCHATEL LIMITED Unaudited accounts for the year ended 30 April 2025
KARCHATEL LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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KARCHATEL LIMITED Company Information for the year ended 30 April 2025
Directors
ODUKOMAIYA, Adetola Olugbenga BANJOKO, Olutoyin
Company Number
14813456 (England and Wales)
Registered Office
20-22 WENLOCK ROAD LONDON N1 7GU ENGLAND
Accountants
Wrights Consulting Ltd 14 Dovedale Road Dartford Kent DA2 6JJ
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KARCHATEL LIMITED Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
479,293
-
Current assets
Debtors
5
6,523
-
Cash at bank and in hand
61
41
6,584
41
Creditors: amounts falling due within one year
6
(493,556)
-
Net current (liabilities)/assets
(486,972)
41
Total assets less current liabilities
(7,679)
41
Creditors: amounts falling due after more than one year
7
-
(160)
Net liabilities
(7,679)
(119)
Capital and reserves
Share premium
1
1
Profit and loss account
(7,680)
(120)
Shareholders' funds
(7,679)
(119)
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by
ODUKOMAIYA, Adetola Olugbenga Director Company Registration No. 14813456
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KARCHATEL LIMITED Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
KARCHATEL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14813456. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Rental income from investment properties is recognised on a straight-line basis over the term of the lease, unless another systematic basis is more representative of the time pattern in which benefits derived from the leased asset are diminished.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The going concern concept assumes that a business will continue its operations for the foreseeable future, and here are practical examples illustrating this principle.
Investment property
Investment properties are properties (land or buildings, or part of a building) held to earn rentals and/or for capital appreciation, rather than for use in the production or supply of goods or services, administrative purposes, or sale in the ordinary course of business. Investment properties are initially recognised at cost, including any directly attributable transaction costs. Subsequently, they are measured at fair value at each reporting date. Any gain or loss arising from a change in the fair value of investment properties is recognised in profit or loss for the period in which it arises. Where the fair value of an investment property cannot be measured reliably without undue cost or effort, the property is accounted for as property, plant and equipment under the cost model, less depreciation and impairment, and its fair value is disclosed in the notes to the financial statements.
4
Investment property
2025
£
Additions
479,293
At 30 April 2025
479,293
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
6,523
-
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KARCHATEL LIMITED Notes to the Accounts for the year ended 30 April 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
493,556
-
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Loans from directors
-
160
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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