Kairavi Property Services Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12143274

Kairavi Property Services Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

Kairavi Property Services Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		1,234,306		1,229,631

Current assets

Debtors	6	–	13,397
Cash at bank and in hand		929	4,612
		----	--------
		929	18,009

Creditors: amounts falling due within one year	7	45,442		25,104
		--------		--------
Net current liabilities			44,513		7,095
			------------		------------
Total assets less current liabilities			1,189,793		1,222,536

Creditors: amounts falling due after more than one year	8		486,024		512,133

Provisions	9	21,107	–
		------------	------------
Net assets		682,662	710,403
		------------	------------

Kairavi Property Services Limited

Statement of Financial Position (continued)

31 March 2025

	2025		2024
Note	£	£	£	£

Capital and reserves

Called up share capital	758,800	758,800
Profit and loss account	( 76,138)	( 48,397)
	---------	---------
Shareholders funds	682,662	710,403
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 23 September 2025 , and are signed on behalf of the board by:

A Kumar

Director

Company registration number: 12143274

Kairavi Property Services Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 13 Sandybrook Close, Fulwood, Preston, Lancashire, PR2 5QX, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents rent receivable from property letting.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	3% reducing balance
Fixtures and fittings	-	15% reducing balance

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Tax on loss

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	4,166	–

Deferred tax:

Origination and reversal of timing differences	21,107	–
	--------	----
Tax on loss	25,273	–
	--------	----

5. Tangible assets

	Freehold property	Fixtures and fittings	Total
	£	£	£
Cost
At 1 April 2024	1,156,822	119,018	1,275,840
Additions	38,055	1,843	39,898
	------------	---------	------------
At 31 March 2025	1,194,877	120,861	1,315,738
	------------	---------	------------
Depreciation
At 1 April 2024	24,563	21,646	46,209
Charge for the year	20,435	14,788	35,223
	------------	---------	------------
At 31 March 2025	44,998	36,434	81,432
	------------	---------	------------
Carrying amount
At 31 March 2025	1,149,879	84,427	1,234,306
	------------	---------	------------
At 31 March 2024	1,132,259	97,372	1,229,631
	------------	---------	------------

6. Debtors

	2025	2024
	£	£
Rent receivable	–	4,800
Other debtors	–	8,597
	----	--------
	–	13,397
	----	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,314	11,960
Amounts owed to group undertakings	25,801	–
Accruals and deferred income	1,950	9,933
Corporation tax	4,166	–
Director loan accounts	3,211	3,211
	--------	--------
	45,442	25,104
	--------	--------

Bank borrowings are secured by fixed and floating charges over all the property and assets of the company.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	246,574	281,183
Amounts owed to group undertakings	239,450	230,950
	---------	---------
	486,024	512,133
	---------	---------

Bank borrowings are secured by fixed and floating charges over all the property and assets of the company.

Included within creditors: amounts falling due after more than one year is an amount of £196,276 (2024: £222,866) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

The bank loan is repayable by monthly instalments, the rate of interest charged on the loan is 2.3% over the Bank of England base rate.

9. Provisions

	Deferred tax (note 10)
	£
At 1 April 2024	–
Additions	21,107
	--------
At 31 March 2025	21,107
	--------

10. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions (note 9)	21,107	–
	--------	----

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	21,107	–
	--------	----

11. Directors' advances, credits and guarantees

As at 31 March 2025, the company owed the directors £3,211 (2024: £3,211) in respect of the balance on their director's loan account. This loan is interest free and repayable to the directors on demand.

12. Controlling party

The company is a subsidiary of KBA Holdings Limited whose registered office address is 13 Sandybrook Close, Fulwood, Preston, Lancashire PR2 5QX. KBA Holdings Limited is controlled by Mr Arun Kumar and Mrs Barkha Rani.