Company Registration No. 10438456 (England and Wales)
Kerdiston Investments Limited
Unaudited accounts
for the year ended 31 March 2025
Kerdiston Investments Limited
Unaudited accounts
Contents
Kerdiston Investments Limited
Company Information
for the year ended 31 March 2025
Directors
Ardeshir Naghshineh
Shapoor Naghshineh
Corin Thoday
Company Number
10438456 (England and Wales)
Registered Office
11-13 Riverside Road
Norwich
Norfolk
NR1 1SQ
Kerdiston Investments Limited
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
15,266
13,285
Creditors: amounts falling due within one year
3,584
3,584
Net current assets
626,772
626,632
Total assets less current liabilities
626,772
626,632
Creditors: amounts falling due after more than one year
(632,504)
(633,223)
Net liabilities
(5,732)
(6,591)
Called up share capital
1
1
Profit and loss account
(5,733)
(6,592)
Shareholders' funds
(5,732)
(6,591)
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2025 and were signed on its behalf by
Corin Thoday
Director
Company Registration No. 10438456
Kerdiston Investments Limited
Notes to the Accounts
for the year ended 31 March 2025
Kerdiston Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 10438456. The registered office is 11-13 Riverside Road, Norwich, Norfolk, NR1 1SQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The financial statements have been prepared on a going concern basis. However attention is drawn to the following.
The financial statements have been prepared on a going concern basis. However attention is drawn to the following:
At the end of the year the company owed a total of £614,858 (2024: £607,626) to connected parties. The company is owed a total of £607,922 (2024: 602,064) by connected parties
Based on the above the directors have prepared cashflow projections and business plans which demonstrate that the company has the resources available for the foreseeable future and, in particular, has resources available for the period of 12 months from the date of approval of these financial statements.
The accounts are presented in £ sterling.
Turnover comprises income from the fixed asset investment property. The income is recognised on an accruals basis.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts.
Deferred tax liabilities arising from gains on the revaluation of investment property are recognised in full. Deferred tax assets arising from unrelieved tax losses are recognised only to the extent that it is probable that they will be recovered against future profits or the future reversal of deferred tax liabilities.
FRS102 required the individual components of tax expense or tax benefit to be allocated to the profit and loss, where appropriate these are disclosed in the notes to the accounts.
Deferred tax assets and liabilities are not discounted
Amounts falling due within one year
Amounts due from group undertakings etc.
607,922
609,763
Kerdiston Investments Limited
Notes to the Accounts
for the year ended 31 March 2025
5
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
(3,584)
(3,584)
6
Creditors: amounts falling due after more than one year
2025
2024
Trade creditors
17,646
32,647
Amounts owed to group undertakings and other participating interests
614,858
607,626
Taxes and social security
-
(7,050)
7
Transactions with related parties
The company is in a loan agreement with Targetfollow Estates Limited, a company controlled by A Naghshineh, a director and shareholder. During the year the company charged interest of £20,859 (2024: £22,093) At the end of the year, the company was owed £421,224 (2024: £415,366) by Targetfollow Estates Limited.
The company is in a loan agreement with Kontor Property Investments Limited, a company controlled by A Naghshineh. At the end of the year, the company was owed £111,572 (2024: £111,572) by Kontor Property Investments Limited.
The company is in a loan agreement with Malcor Estates Limited, a company controlled by A Naghshineh, a director and shareholder. At the end of the year, the company was owed £75,126 (2024: £75,126 ) by Malcor Estates Limited.
The company operates a loan account with RCP Parking Limited, a company controlled by A. Naghshineh and S. Naghshineh. During the year the company was charged interest of £20,000 (2024: £20,000). At the end of the year, the company had an outstanding loan balance of £567,781 (2024: £547,781) to RCP Parking Limited.
The company operates a loan account with Targetfollow Group Limited, a company controlled by A Naghshineh. At the end of the year, the company had an outstanding loan balance of £12,879 (2024: £17,947) to Targetfollow Group Limited.
Ardeshir Naghshineh, the director and shareholder of the company has provided a loan to Kerdiston Investment Limited. At the end of the year, the company had an outstanding loan balance of £2,890 (2024: £2,890) to Ardeshir Naghshineh.
Alexol Ltd, a company controlled by A Naghshineh, maintains a loan agreement with the company. At the end of the year the company owed a total of £8,006 (2024: £8,006 ) to Alexol Ltd.
Car Park Investments Ltd, a company controlled by A Naghshineh, maintains a loan agreement with the company. At the end of the year the company owed a total of £13,948 (2024: £13,948 ) to Car Park Investments Ltd.
In the year to 31 March 2024, the company entered into a loan agreement with Barrow Close Investments Limited, a company controlled by A Naghshineh, a director and shareholder. At the end of the year, the company owed £9,354 (2024: £17,054 ) to Barrow Close Investments Limited.
The company is controlled by A. Naghshineh, director and 100% shareholder.
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).