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Company Registration No. 11658988 (England and Wales)
KALINGA HOMES LTD Unaudited accounts for the year ended 30 November 2025
KALINGA HOMES LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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KALINGA HOMES LTD Company Information for the year ended 30 November 2025
Director
Neal Patel
Company Number
11658988 (England and Wales)
Registered Office
49 EWART GROVE LONDON N22 5NY ENGLAND
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KALINGA HOMES LTD Statement of financial position as at 30 November 2025
2025
2024
Notes
£
£
Called up share capital not paid
1
1
Fixed assets
Investment property
4
5,500,000
5,500,000
Current assets
Debtors
5
481,530
169,708
Cash at bank and in hand
38,504
102,247
520,034
271,955
Creditors: amounts falling due within one year
6
(211,225)
(5,423,065)
Net current assets/(liabilities)
308,809
(5,151,110)
Total assets less current liabilities
5,808,810
348,891
Creditors: amounts falling due after more than one year
7
(5,496,183)
-
Net assets
312,627
348,891
Capital and reserves
Called up share capital
1
1
Profit and loss account
312,626
348,890
Shareholders' funds
312,627
348,891
For the year ending 30 November 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 14 August 2026 and were signed on its behalf by
Neal Patel Director Company Registration No. 11658988
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KALINGA HOMES LTD Notes to the Accounts for the year ended 30 November 2025
1
Statutory information
KALINGA HOMES LTD is a private company, limited by shares, registered in England and Wales, registration number 11658988. The registered office is 49 EWART GROVE, LONDON, N22 5NY, 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 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.
Going concern
The financial statements have been prepared in accordance with the accounting principals appropriate to a going concern.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Accounting Estimates and Judgements
Judgements made by the directors in the application of these accounting policies that have significant effect on the financial statements and estimates with a significant risk of material adjustment in the next year are as follows: Property valuation The valuation of the company's investment property is inherently subjective, depending on many factors including the nature of the property, its location and expected future net rental values. Therefore the valuation is subject to a degree of uncertainty and is made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult market or economic conditions. Trade and other debtors Management uses available evidence of the credit status of the counterparty in making judgements concerning any need to impair the carrying value of any amounts due to the company.
4
Investment property
2025
£
Fair value at 1 December 2024
5,500,000
At 30 November 2025
5,500,000
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KALINGA HOMES LTD Notes to the Accounts for the year ended 30 November 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Amounts due from group undertakings etc.
149,580
-
Other debtors
331,950
169,708
481,530
169,708
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
83,056
77,645
Amounts owed to group undertakings and other participating interests
-
5,241,203
Taxes and social security
47,332
48,643
Other creditors
79,037
53,774
Accruals
1,800
1,800
211,225
5,423,065
Included in other creditors is an amount of £50,938 (2024: £37,196) due to companies in which Mr Patel director of this company is also a director.
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
5,496,183
-
The bank loans of £5,496,183 is secured by legal charges over the company's investment properties.
8
Average number of employees
During the year the average number of employees was 4 (2024: 4).
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