| KEW CRESCENT LTD |
| Registered number: |
15415839 |
| Balance Sheet |
| as at 31 January 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Investment Property |
3 |
|
|
567,962 |
|
|
567,962 |
|
| Current assets |
| Cash at bank and in hand |
|
|
9,744 |
|
|
3,051 |
|
| Creditors: amounts falling due within one year |
4 |
|
(9,001) |
|
|
(9,001) |
|
| Net current assets/(liabilities) |
|
|
|
743 |
|
|
(5,950) |
|
| Total assets less current liabilities |
|
|
|
568,705 |
|
|
562,012 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(577,190) |
|
|
(577,190) |
|
|
|
| Net liabilities |
|
|
|
(8,485) |
|
|
(15,178) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
(8,487) |
|
|
(15,180) |
|
| Shareholders' funds |
|
|
|
(8,485) |
|
|
(15,178) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Jeyamadhavi Jayaraman |
| Director |
| Approved by the board on 19 October 2026 |
|
| KEW CRESCENT LTD |
| Notes to the Accounts |
| for the year ended 31 January 2026 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents rental income receivable from the letting of the company’s investment property, net of value added tax where applicable. Rental income is recognised on a straight-line basis over the period of the tenancy. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold buildings |
over 50 years |
|
Leasehold land and buildings |
over the lease term |
|
Plant and machinery |
over 5 years |
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Investment Property |
|
Investment property is property held to earn rental income and/or for capital appreciation. It is initially recognised at cost, including transaction costs, and subsequently measured at fair value at each reporting date, with changes in fair value recognised in profit or loss. No depreciation is provided. Deferred tax is provided on fair value gains at the rate expected to apply on sale. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investment Property |
| £ |
|
Fair Value |
|
At 1 February 2025 |
567,962 |
|
At 31 January 2026 |
567,962 |
|
|
|
|
|
|
|
|
|
|
The investment property was valued at 31 January 2026 by the directors on an open market basis, having regard to recent sales of comparable properties. The valuation was not carried out by an independent valuer. The historical cost of the property is £567,962 (2025: £567,962). |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Other creditors |
9,001 |
|
9,001 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Bank loans |
356,190 |
|
356,190 |
|
Other creditors |
221,000 |
|
221,000 |
|
|
|
|
|
|
577,190 |
|
577,190 |
|
|
|
|
|
|
|
|
|
|
The bank loan is secured by a fixed charge over the company’s investment property in favour of Paragon Bank PLC. It is an interest-only loan, repayable in full at the end of its term in 2049, and is therefore wholly repayable after more than five years otherwise than by instalments. |
|
|
Other creditors comprise a loan from Lemuria Soft Ltd (see note 6). |
|
| 6 |
Related party transactions |
|
|
At 31 January 2026 the company owed £221,000 (2025: £221,000) to Lemuria Soft Ltd, a company controlled by Mr Karthik Kannan and Mrs Jeyamadhavi Jayaraman, both directors of the company. The loan is unsecured and interest-free, and has no fixed repayment date. |
|
| 7 |
Other information |
|
|
KEW CRESCENT LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
45 Kew Crescent |
|
Cheam |
|
Sutton |
|
SM3 9RU |