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
KALINGA HOMES LTD
Company Information
for the year ended 30 November 2025
Company Number
11658988 (England and Wales)
Registered Office
49 EWART GROVE
LONDON
N22 5NY
ENGLAND
KALINGA HOMES LTD
Statement of financial position
as at 30 November 2025
Called up share capital not paid
1
1
Investment property
5,500,000
5,500,000
Cash at bank and in hand
38,504
102,247
Creditors: amounts falling due within one year
(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
(5,496,183)
-
Net assets
312,627
348,891
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
KALINGA HOMES LTD
Notes to the Accounts
for the year ended 30 November 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
The financial statements have been prepared in accordance with the accounting principals appropriate to a going concern.
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.
Fair value at 1 December 2024
5,500,000
At 30 November 2025
5,500,000
KALINGA HOMES LTD
Notes to the Accounts
for the year ended 30 November 2025
Amounts falling due within one year
Amounts due from group undertakings etc.
149,580
-
Other debtors
331,950
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
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
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).