Kirallar Property Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

1. General Information

Kirallar Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13291477 . The registered office is 293 Green Lanes, London, N13 4XS.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Kirallar Property Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

4. Tangible Assets

	Land & Property
	Freehold
	£
Cost
As at 1 April 2025	1,697,392
Additions	328,800

As at 31 March 2026	2,026,192

Net Book Value
As at 31 March 2026	2,026,192

As at 1 April 2025	1,697,392

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	2,500	-
Other debtors	348,212	118,212

	350,712	118,212

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	45	142
Other creditors	1,655,169	1,020,169
Taxation and social security	48,420	26,974

	1,703,634	1,047,285

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	671,368	711,734

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1,000	1,000

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Kirallar Property Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

9. Related Party Transactions

Cardiff Pet Centre Ltd

Nasir Kiral is a shareholder of Cardiff Pet Centre Ltd

The majority shareholder of Kirallar Property Ltd is also the majority shareholder of Cardiff Pet Centre Ltd. Kirallar Property Ltd is owed £2,500 from Cardiff Pet Centre Ltd at the end of reporting date.

Kirallar Property 2 Ltd

Nasir Kiral is a shareholder of Kirallar Property 2 Ltd

The majority shareholder of Kirallar Property Ltd is also the majority shareholder of Kirallar Property 2 Ltd. Kirallar Property Ltd is owed £275,000 from Kirallar Property 2 Ltd at the end of reporting date.

Cardiff Pet Group Ltd

Nasir Kiral is a shareholder of Cardiff Pet Group Ltd

The majority shareholder of Kirallar Property Ltd is also the majority shareholder of Cardiff Pet Group Ltd. Kirallar Property Ltd is owed £70,711.60 (2024:£70,711.60) from Cardiff Pet Group Ltd at the end of reporting date.

Kral Holding Ltd

Nasir Kiral is a shareholder of Kral Holding Ltd

The majority shareholder of Kirallar Property Ltd is also the majority shareholder of Kral Holding Ltd. Kirallar Property Ltd is owes £635,000 to Kral Holding Ltd at the end of reporting date.

Extra Wholesaler Ltd

Nasir Kiral is a shareholder of Extra Wholesaler Ltd

The majority shareholder of Kirallar Property Ltd is also the majority shareholder of Extra Wholesaler Ltd. Kirallar Property Ltd owes £33,200 (2025: £33,200) to Extra Wholesaler Ltd at the end of reporting date.

Best C Veg Ltd

Nasir Kiral is a shareholder of Best C Veg Ltd

The majority shareholder of Kirallar Property Ltd is also the majority shareholder of Best C Veg Ltd. Kirallar Property Ltd owes £780,000 (2025:£780,000) to Best C Veg Ltd at the end of reporting date.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,026,192		1,697,392

			2,026,192		1,697,392
CURRENT ASSETS
Debtors	5	350,712		118,212
Cash at bank and in hand		17,753		48,574

		368,465		166,786
Creditors: Amounts Falling Due Within One Year	6	(1,703,634 )		(1,047,285 )

NET CURRENT ASSETS (LIABILITIES)			(1,335,169 )		(880,499 )

TOTAL ASSETS LESS CURRENT LIABILITIES			691,023		816,893

Creditors: Amounts Falling Due After More Than One Year	7		(671,368 )		(711,734 )

NET ASSETS			19,655		105,159

CAPITAL AND RESERVES
Called up share capital	8		1,000		1,000
Profit and Loss Account			18,655		104,159

SHAREHOLDERS' FUNDS			19,655		105,159