ACCOUNTS - Final Accounts

Commitments under operating leases

At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Company registration number: 13414947

	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	KRB CAPITAL LIMITED


KRB CAPITAL LIMITED REGISTERED NUMBER:13414947

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Intangible assets	5		-		21,526
Tangible assets	6		-		103,222
			-		124,748
Current assets
Stocks		33,482		60,501
Debtors: amounts falling due within one year	7	6,493		98,237
Cash at bank and in hand		9,972		53,366
		49,947		212,104
Creditors: amounts falling due within one year	8	(2,345,965)		(1,941,522)
Net current liabilities			(2,296,018)		(1,729,418)
Total assets less current liabilities			(2,296,018)		(1,604,670)

Net liabilities			(2,296,018)		(1,604,670)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(2,296,118)	(1,604,770)
	(2,296,018)	(1,604,670)

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

K Bhojwani

Director

Date: 27 November 2025

The notes on pages 2 to 8 form part of these financial statements.

Page 1


KRB CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	Statutory Information

KRB Capital 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.	Reporting period

The prior period of accounts covers the eleven month period from 1 May 2023 to 31 March 2024. The current period of accounts is for the year ended 31 March 2025. As such, the current and prior periods are not directly comparable.

3.Accounting policies

3.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

3.2

Going concern

The financial statements have been prepared on a going concern basis. The entity ceased trading in November 2024 and currently has no active operations. Management is actively exploring strategic options for the company, which include repurposing the entity for alternative plans. However, one of the options under consideration is the liquidation of the company.

As a result, there is a material uncertainty that may cast significant doubt on the entity’s ability to continue as a going concern. The financial statements do not include any adjustments that would result if the company were unable to continue as a going concern.

3.3

Revenue

Turnover represents net invoiced food and drink sales from Socca restaurant. Turnover is recognised once food and drink has been delivered to the customers and a sales tranasaction with the customer has been recognised using an EPOS system.

3.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

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KRB CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

3.Accounting policies (continued)

3.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

3.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

3.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property	-	Straight line over the lease period
Plant and machinery	-	8 years straight line
Fixtures and fittings	-	8 years straight line
Computer equipment	-	4 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

3.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

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KRB CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

3.Accounting policies (continued)

3.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

3.10

Impairment of fixed assets and goodwill

Assets that are subject to depreciation or amortisation are assessed at each reporting date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each reporting date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

3.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

3.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

3.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 28 (2024 - 39).

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KRB CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

5.	Intangible assets

	Trademarks	Branding Costs	Total
	£	£	£
Cost
At 1 April 2024	24,055	4,125	28,180
At 31 March 2025	24,055	4,125	28,180
Amortisation
At 1 April 2024	5,648	1,006	6,654
Charge for the year on owned assets	4,885	752	5,637
Impairment charge	13,522	2,367	15,889
At 31 March 2025	24,055	4,125	28,180
Net book value
At 31 March 2025	-	-	-
At 31 March 2024	18,407	3,119	21,526

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KRB CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

6.	Tangible fixed assets

	Short-term leasehold property	Plant and machinery	Fixtures and fittings	Computer equipment	Total
	£	£	£	£	£
Cost or valuation
At 1 April 2024	-	95,517	12,961	13,248	121,726
Additions	31,245	2,503	-	-	33,748
At 31 March 2025	31,245	98,020	12,961	13,248	155,474
Depreciation
At 1 April 2024	-	13,734	1,151	3,619	18,504
Charge for the year on owned assets	975	12,107	1,621	3,312	18,015
Impairment charge	30,270	72,179	10,189	6,317	118,955
At 31 March 2025	31,245	98,020	12,961	13,248	155,474
Net book value
At 31 March 2025	-	-	-	-	-
At 31 March 2024	-	81,783	11,810	9,629	103,222

Debtors

					2025	2024
					£	£


Amounts owed by group undertakings	2,515	22,843
Other debtors	-	61,972
Prepayments and accrued income	3,978	13,422
	6,493	98,237

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KRB CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

8.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	46,926	94,080
Amounts owed to group undertakings	2,261,728	1,662,074
Other taxation and social security	1,404	18,901
Other creditors	20,300	102,875
Accruals and deferred income	15,607	63,592
	2,345,965	1,941,522

9.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 (2024 - 100) Ordinary shares of £1.00 each	100	100

Not later than 1 year	224,863	224,863
Later than 1 year and not later than 5 years	899,450	899,450
Later than 5 years	1,796,402	2,022,530
	2,920,715	3,146,843

Subsequent to the year end the Company has been released from its commitment due to the lease being acquired and reassigned to an unrelated third party.

11.	Ultimate Controlling party

The ultimate controlling party of the company is LSL Holdings Pvt Ltd, a company incorporated in India. The financial statements are consolidated in the financial statements of Leela Hospitality Pvt Ltd, and is available from 703 Leela Business Park, Andheri - Kurla Road, Andheri (East), Mumbai - 400059, India.

Page 7


KRB CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

12.	Auditor's information

The auditor's report on the financial statements for the year ended 31 March 2025 was unqualified.

In their report, the auditor emphasised the following matter without qualifying their report:

Material uncertainty related to going concern
We draw attention to note 3.2 in the financial statements, which indicates that the Company has ceased to trade and currently has no active operations. Management is actively exploring strategic options for the Company, which include repurposing the entity for alternative plans. However, one of the options under consideration is liquidation of the Company. As stated in note 3.2, these events or conditions, along with the other matters as set forth in note 3.2, indicate that a material uncertainty exists that may cast significant doubt on the Company's ability to continue as a going concern. Our opinion is not modified in respect of this matter.

The audit report was signed on 28 November 2025 by Andrew Wooding FCA (Senior Statutory Auditor) on behalf of Menzies LLP.

Page 8