REGISTERED NUMBER: 10978725 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

KARAN ASSETS HOLDING LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr Sivasubramaniam Suthakaran

REGISTERED OFFICE:

26 Newey Road

Coventry

United Kingdom

CV2 5HA

REGISTERED NUMBER:

10978725 (England and Wales)

ACCOUNTANTS:

Param & Company Ltd

44 - 50 The Broadway

Southall

Middlesex

UB1 1QB

FIXED ASSETS

Investments

4

4,881,498

590,700

Investment property

5

6,594,257

6,594,257

11,475,755

7,184,957

CURRENT ASSETS

Debtors

335,000

335,000

Cash at bank

5,486

17,181

340,486

352,181

CREDITORS

Amounts falling due within one year

6,395,449

2,034,800

NET CURRENT LIABILITIES

(6,054,963

)

(1,682,619

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,420,792

5,502,338

CREDITORS

Amounts falling due after more than one year

4,754,148

4,923,212

NET ASSETS

666,644

579,126

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

666,544

579,026

SHAREHOLDERS' FUNDS

666,644

579,126

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 25 July 2025 and were signed by:

Mr Sivasubramaniam Suthakaran - Director

1.	STATUTORY INFORMATION

Karan Assets Holding Limited 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 October 2023

590,700

Additions

4,290,798

At 30 September 2024

4,881,498

NET BOOK VALUE

At 30 September 2024

4,881,498

At 30 September 2023

590,700

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2023

and 30 September 2024

6,594,257

NET BOOK VALUE

At 30 September 2024

6,594,257

At 30 September 2023

6,594,257