REGISTERED NUMBER: 05798211 (England and Wales)

KALLARVIEW HOMES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Balance Sheet

1

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

10

FIXED ASSETS

Investments

4

251

151

Investment property

5

2,225,590

3,427,187

2,225,841

3,427,338

CURRENT ASSETS

Debtors

6

5,469,376

5,619,273

Cash at bank and in hand

44,163

39,010

5,513,539

5,658,283

CREDITORS

Amounts falling due within one year

7

1,063,303

1,429,736

NET CURRENT ASSETS

4,450,236

4,228,547

TOTAL ASSETS LESS CURRENT LIABILITIES

6,676,077

7,655,885

CREDITORS

Amounts falling due after more than one year

8

(574,331

)

(1,356,684

)

PROVISIONS FOR LIABILITIES

(106,531

)

(159,031

)

NET ASSETS

5,995,215

6,140,170

CAPITAL AND RESERVES

Called up share capital

50

50

Fair value reserve

10

406,389

563,889

Retained earnings

5,588,776

5,576,231

SHAREHOLDERS' FUNDS

5,995,215

6,140,170

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 October 2025 and were signed by:

L Kallar - Director

1.	STATUTORY INFORMATION

Kallarview Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05798211

Registered office:

150 Station Road

Sidcup

Kent

DA15 7AB

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Going concern

The director has a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are prepared on the going concern basis.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion, there are no significant judgements or key sources of estimation uncertainty.

Turnover

Turnover also represents rent receivable, excluding value added tax.

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.

Financial instruments

The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST

At 1 April 2024

-

151

151

Additions

100

-

100

At 31 March 2025

100

151

251

NET BOOK VALUE

At 31 March 2025

100

151

251

At 31 March 2024

-

151

151

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

3,427,187

Disposals

(991,597

)

Revaluations

(210,000

)

At 31 March 2025

2,225,590

NET BOOK VALUE

At 31 March 2025

2,225,590

At 31 March 2024

3,427,187

Fair value at 31 March 2025 is represented by:

£

Valuation in 2013

280,237

Valuation in 2014

733,294

Valuation in 2015

(304,880

)

Valuation in 2016

(448,801

)

Valuation in 2018

356,048

Valuation in 2019

108,869

Valuation in 2021

(358,623

)

Valuation in 2023

281,775

Valuation in 2024

75,000

Valuation in 2025

(210,000

)

Cost

1,712,671

2,225,590

If the investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

1,712,671

2,704,268

The investment properties were valued on an open market basis on 31 March 2025 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,000

7,500

Amounts owed by group undertakings

517,886

-

Other debtors

4,945,490

5,611,773

5,469,376

5,619,273

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

1,762

Trade creditors

1,912

104

Taxation and social security

7,865

56,143

Other creditors

1,053,526

1,371,727

1,063,303

1,429,736

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

574,331

1,356,684

Bank loans due more than 5 years by instalments amount to £574,331 (2024 - £1,356,684).

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

-

1,762

Bank loans

574,331

1,356,684

574,331

1,358,446

10.

RESERVES

Fair

value

reserve

£

At 1 April 2024

563,889

Deferred tax adjustment

52,500

Surplus on revaluation

(210,000

)

At 31 March 2025

406,389

11.	RELATED PARTY DISCLOSURES

Kallar Investments Limited

A company in which L S Kallar is a director

Amount due to the related party at the balance sheet date was £100,000 (2024 - (£2,695,000)).

No interest is payable on the loan and there are no agreed repayment terms.

1LSK Properties

A partnership in which S Kallar and L S Kallar are partners.

Amount due to the related party at the balance sheet date was £606,645 (2024 - £1,080,287).

No interest is payable on the loan and there are no agreed repayment terms.

Student City Inn Limited

A company in which Kallarview Homes is a shareholder.

Amount due to the related party at the balance sheet date was £25,000 (2024 - £25,000).

No interest is payable on the loan and there are no agreed repayment terms.

Stonewater Properties Group Limited

A company in which Kallarview Homes is a shareholder.

Amount due from the related party at the balance sheet date was £529,750 (2024 - £529,750).

No interest is payable on the loan and there are no agreed repayment terms.

Aasra Care Limited

A company in which Kallarview Homes has influence over.

Amount due from the related party at the balance sheet date was £187,500 (2024 - £142,500).

No interest is payable on the loan and there are no agreed repayment terms.

Goldsel North Limited

A company in which L S Kallar is a director and shareholder.

Amount due from the related party at the balance sheet date was £1,631,510 (2024 - £931,510).

No interest is payable on the loan and there are no agreed repayment terms.

130 Queensway Limited

A Company in which Kallarview Homes partly controls

Amount due from the related party at the balance sheet date was £260,000 (2024 - £260,000).

No interest is payable on the loan and there are no agreed repayment terms.

Silveroak Investments Limited

A company in which L S Kallar is a director and an indirect shareholder.

Amount due from the related party at the balance sheet date was £1,000,000 (2024 - £1,000,000).

No interest is payable on the loan and there are no agreed repayment terms.

KVH 77 Limited

A company in which L S Kallar is a director and an indirect shareholder.

Amount due from the related party at the balance sheet date was £1,253,376.

No interest is payable on the loan and there are no agreed repayment terms.

Moor Park Estates Limited

A company in which L S Kallar is a director and a shareholder.

Amount due to the related party at the balance sheet date was £160,000.

No interest is payable on the loan and there are no agreed repayment terms.

12.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is L Kallar.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kallarview Homes Limited for the year ended 31 March 2025 which comprise the Profit and loss account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the director of Kallarview Homes Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kallarview Homes Limited and state those matters that we have agreed to state to the director of Kallarview Homes Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Kallarview Homes Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Kallarview Homes Limited. You consider that Kallarview Homes Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kallarview Homes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Jones Hunt & Keelings

Chartered Certified Accountants and

Chartered Tax Advisers

7-8 Portmill Lane

Hitchin

Hertfordshire

SG5 1DJ

24 October 2025