Karnel Investments Limited - Filleted accounts

Registered number

06972091

Karnel Investments Limited

Filleted Accounts

31 March 2025

Karnel Investments Limited
Registered number:		06972091
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		818,681			639,007

Current assets
Cash at bank and in hand		264,869			220,863

Creditors: amounts falling due within one year	4	(99,629)			(243,395)

Net current assets/(liabilities)			165,240			(22,532)

Total assets less current liabilities			983,921			616,475

Creditors: amounts falling due after more than one year	5		(684,761)			(284,431)



Net assets			299,160			332,044

Capital and reserves
Called up share capital			100			100
Profit and loss account			299,060			331,944

Shareholders' funds			299,160			332,044

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.




Mrs M Patel
Director
Approved by the board on 3 October 2025

Karnel Investments Limited
Notes to the Accounts
for the year ended 31 March 2025

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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	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:

	Freehold buildings	Nil
	Fixtures, fittings, tools and equipment	over 4 years

	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			2025		2024
Number					Number

	Average number of persons employed by the company			1		1

3	Tangible fixed assets
		Land and buildings		Furniture and Equipment		Total
£			£		£
	Cost
	At 1 April 2024	639,007		-		639,007
	Additions	178,589		1,448		180,037
	At 31 March 2025	817,596		1,448		819,044

	Depreciation
	Charge for the year	-		363		363
	At 31 March 2025	-		363		363

	Net book value
	At 31 March 2025	817,596		1,085		818,681
	At 31 March 2024	639,007		-		639,007



4	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			-		110,952
	Directors current account			89,278		122,092
	Other creditors			10,351		10,351
				99,629		243,395

5	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			684,761		284,431

6	Loans			2025		2024
£					£
	Creditors include:
	Amounts payable otherwise than by instalment falling due for payment after more than five years			684,761		-
	Instalments falling due for payment after more than five years			-		284,431
				684,761		284,431

	Secured bank loans			684,761		395,383

	Loans are secured over the company's properties and guarntees by the directors.

7	Controlling party

	The company is under control of its shareholders and Mrs M Patel.





8	Other information

	Karnel Investments Limited is a private company limited by shares and incorporated in England. Its registered office is:
	1 The Fountains
	Loughton
	Essex
	IG10 4RZ