Registration number: 06194123

Karenza Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Karenza Limited

Company Information

Directors

I Watt J Watt

Registered office

18 Severn Drive Thornbury Bristol BS35 1EX

Accountants

M&S Accountancy and Taxation Limited Unit 26, Dunfermline Business Centre Izatt Avenue Dunfermline Fife KY11 3BZ

Karenza Limited

(Registration number: 06194123)
Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	810,000	754,949
Current assets
Cash at bank and in hand		8,452	36,219
Creditors: Amounts falling due within one year	5	(274,855)	(174,720)
Net current liabilities		(266,403)	(138,501)
Total assets less current liabilities		543,597	616,448
Creditors: Amounts falling due after more than one year	5	-	(129,643)
Provisions for liabilities		(98,205)	(64,176)
Net assets		445,392	422,629
Capital and reserves
Called up share capital	6	100	100
Revaluation reserve		294,617	261,486
Retained earnings		150,675	161,043
Shareholders' funds		445,392	422,629

For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 June 2026 and signed on its behalf by:
 

......................................... J Watt Director

Karenza Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
18 Severn Drive
Thornbury
Bristol
BS35 1EX

These financial statements were authorised for issue by the Board on 23 June 2026.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of VAT and trade discounts. Turnover is recognised on the accruals basis.

Tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Karenza Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Tangible assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment.

Depreciation

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Asset class	Depreciation method and rate
Motor vehicles	25% Straight line
Office equipment	25% Straight Line

Investment property

Investment property, which is property held to earn rentals and/or capital appreciations, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Adjustments in the fair value are unrealised gains and will remain held in within equity until such time as gains are realised.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Karenza Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Financial instruments

Classification
The company has elected to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4	Tangible assets

	Land and buildings £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 October 2024	740,000	1,000	29,899	770,899
Revaluations	70,000	-	-	70,000
Disposals	-	-	(29,899)	(29,899)
At 30 September 2025	810,000	1,000	-	811,000
Depreciation
At 1 October 2024	-	1,000	14,950	15,950
Charge for the year	-	-	6,229	6,229
Eliminated on disposal	-	-	(21,179)	(21,179)
At 30 September 2025	-	1,000	-	1,000
Carrying amount
At 30 September 2025	810,000	-	-	810,000
At 30 September 2024	740,000	-	14,949	754,949

Included within the net book value of land and buildings above is £810,000 (2024 - £740,000) in respect of freehold land and buildings.
 

Karenza Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

5

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Loans and borrowings	8	-	23,534
Amounts owed to group undertakings and undertakings in which the company has a participating interest	9	144,000	24,000
Taxation and social security		2,648	6,324
Accruals and deferred income		2,525	2,525
Other creditors		125,682	118,337
		274,855	174,720

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Loans and borrowings	8	-	129,643

6	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
A ordinary shares of £1 each	50	50	50	50
B ordinary shares of £1 each	50	50	50	50
	100	100	100	100

7

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

	Revaluation reserve £	Total £
Surplus/deficit on property, plant and equipment revaluation	33,131	33,131

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Karenza Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

	Revaluation reserve £	Total £
Surplus/deficit on property, plant and equipment revaluation	66,040	66,040

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	115,701
Hire purchase contracts	-	13,942
	-	129,643

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	20,654
Hire purchase contracts	-	2,880
	-	23,534

9	Related party transactions

Summary of transactions with other related parties

The amount due to J.I. Properties (Scotland) Limited was £144,000 at 30 September 2025 (2024: £24,000). The balance is unsecured and is repayable on demand, with no fixed terms of repayment. No interest is charged on the outstanding balance.