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Company Registration No. 12070510 (England and Wales)
Khstyles Limited Unaudited accounts for the year ended 30 June 2025
Khstyles Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Khstyles Limited Company Information for the year ended 30 June 2025
Director
M Khalil
Company Number
12070510 (England and Wales)
Registered Office
Unit 19 Slough Business Park 94 Farnham Road Slough Berkshire SL1 3FQ England
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Khstyles Limited Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
900
-
Investment property
5
2,099,892
1,546,747
2,100,792
1,546,747
Current assets
Cash at bank and in hand
19,033
61,302
Creditors: amounts falling due within one year
6
(909,706)
(480,527)
Net current liabilities
(890,673)
(419,225)
Total assets less current liabilities
1,210,119
1,127,522
Creditors: amounts falling due after more than one year
7
(979,564)
(979,564)
Provisions for liabilities
Deferred tax
(12,322)
(12,322)
Net assets
218,233
135,636
Capital and reserves
Called up share capital
8
1
1
Profit and loss account
218,232
135,635
Shareholders' funds
218,233
135,636
For the year ending 30 June 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 director acknowledges his 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 and authorised for issue on 16 April 2026 and were signed on its behalf by
M Khalil Director Company Registration No. 12070510
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Khstyles Limited Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
Khstyles Limited is a private company, limited by shares, registered in England and Wales, registration number 12070510. The registered office is Unit 19 Slough Business Park, 94 Farnham Road, Slough, Berkshire, SL1 3FQ, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment properties comprise properties and interest in land and building held either to earn rental income or for capital appreciation, or both. Investment property is initially measured at cost, including related transaction cost. Borrowing cost associated with direct expenditure on investment property under development is capitalised. After initial recognition at costs, investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
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 is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on cost
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Khstyles Limited Notes to the Accounts for the year ended 30 June 2025
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 July 2024
-
Additions
1,200
At 30 June 2025
1,200
Depreciation
Charge for the year
300
At 30 June 2025
300
Net book value
At 30 June 2025
900
5
Investment property
2025
£
Fair value at 1 July 2024
1,546,747
Additions
553,145
At 30 June 2025
2,099,892
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. Investment property was internally valued by the director.
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
3,054
901
Taxes and social security
24,787
24,002
Other creditors
374,104
-
Loans from directors
495,261
454,724
Accruals
2,000
900
Deferred income
10,500
-
909,706
480,527
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
979,564
979,564
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
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Khstyles Limited Notes to the Accounts for the year ended 30 June 2025
9
Transactions with related parties
Included in creditors is the sum of £495,261 (2024: £454,724) owed by the company to Mr M Khalil a sole director and 100% shareholder.
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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