K. P. Retail Limited - Filleted accounts

Registered number

04916862

K. P. Retail Limited

Filleted Accounts

31 March 2025

K. P. Retail Limited
Registered number:		04916862
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		315,293			324,346

Current assets
Cash at bank and in hand		15,953			8,024

Creditors: amounts falling due within one year	4	(61,059)			(71,304)

Net current liabilities			(45,106)			(63,280)

Total assets less current liabilities			270,187			261,066

Creditors: amounts falling due after more than one year	5		(2,993)			(9,033)

Net assets			267,194			252,033

Capital and reserves
Called up share capital			15,082			15,082
Profit and loss account			252,112			236,951

Shareholders' funds			267,194			252,033

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 his 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.




Mr Kaushik Shah
Director
Approved by the board on 25 November 2025

K. P. Retail 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 rent received and from the rendering of the services. 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	-
	Plant and machinery	over 5 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
		Improvements		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2024	285,372		181,069		466,441
	At 31 March 2025	285,372		181,069		466,441

	Depreciation
	At 1 April 2024	-		142,095		142,095
	Charge for the year	-		9,053		9,053
	At 31 March 2025	-		151,148		151,148

	Net book value
	At 31 March 2025	285,372		29,921		315,293
	At 31 March 2024	285,372		38,974		324,346


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

	Bank loans and overdrafts			6,357		6,357
	Trade creditors			1,000		2,100
	Taxation and social security costs			1,589		-
	Other creditors			52,113		54,845
	Director`s account			-		8,002
				61,059		71,304


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

	Bank loans			2,993		9,033


6	Off-balance sheet arrangements

	The company has provided a cross guarantee to HSBC Bank PLC by way of a fixed and floating charges over the company`s assets.


7	Related party transactions

	Included in other creditors is the amount of £49,834 (2024: £52,484) due to KP International consultants Ltd, a related party by virtue of common directorship and in which the director holds a material interest. There are no terms as to interest or repayment in respect of this amount.


8	Other information

	K. P. Retail Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 1,
	259-261 Northolt Road
	South Harrow
	Middlesex
	HA2 8HS