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Registered number: 08162449
Karma Assets Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
AUDITA LTD
11 CUNDY ROAD
CUSTOM HOUSE
LONDON
E16 3DJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 08162449
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,671 16,895
Investment Properties 5 3,185,978 3,185,978
3,198,649 3,202,873
CURRENT ASSETS
Debtors 6 84 28,004
Cash at bank and in hand 392 1,183
476 29,187
Creditors: Amounts Falling Due Within One Year 7 (20,975 ) (849 )
NET CURRENT ASSETS (LIABILITIES) (20,499 ) 28,338
TOTAL ASSETS LESS CURRENT LIABILITIES 3,178,150 3,231,211
Creditors: Amounts Falling Due After More Than One Year 8 (20,538 ) (53,650 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (337,963 ) (337,963 )
NET ASSETS 2,819,649 2,839,598
CAPITAL AND RESERVES
Called up share capital 9 100 100
Other reserves 2,931,792 2,931,792
Profit and Loss Account (112,243 ) (92,294 )
SHAREHOLDERS' FUNDS 2,819,649 2,839,598
Page 1
Page 2
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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Zivile Kakar
Director
17/11/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Karma Assets Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08162449 . The registered office is 93-95 High Street, Brentwood, CM14 4RR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery Reducing Method
Fixtures & Fittings Reducing Method
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 365,239 507,817 873,056
As at 31 March 2025 365,239 507,817 873,056
Depreciation
As at 1 April 2024 357,516 498,645 856,161
Provided during the period 1,931 2,293 4,224
As at 31 March 2025 359,447 500,938 860,385
Net Book Value
As at 31 March 2025 5,792 6,879 12,671
As at 1 April 2024 7,723 9,172 16,895
5. Investment Property
2025
£
Fair Value
As at 1 April 2024 and 31 March 2025 3,185,978
Page 3
Page 4
6. Debtors
2025 2024
£ £
Due within one year
VAT 84 33
Director's loan account - 14,713
84 14,746
Due after more than one year
Other debtors - 13,258
84 28,004
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 956 849
Other creditors (1) 20,019 -
20,975 849
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 20,538 36,250
Other creditors - 17,400
20,538 53,650
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mrs Zivile Kakar (14,713 ) - 14,713 - -
The above loan is unsecured, interest free and repayable on demand.
Page 4