REGISTERED NUMBER: 01613188 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

KENYA JEWELLERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A K G Mulji

K G Mulji

REGISTERED OFFICE:

46 Ealing Road

Wembley

Middlesex

HA0 4TQ

REGISTERED NUMBER:

01613188 (England and Wales)

ACCOUNTANTS:

Macalvins Limited

Chartered Accountants

7 St John's Road

Harrow

Middlesex

HA1 2EY

FIXED ASSETS

Tangible assets

4

66,067

84,731

Investment property

5

845,100

750,000

911,167

834,731

CURRENT ASSETS

Stocks

6

1,057,450

1,205,500

Debtors

7

108,841

157,877

Cash at bank and in hand

539,918

368,362

1,706,209

1,731,739

CREDITORS

Amounts falling due within one year

8

171,535

169,042

NET CURRENT ASSETS

1,534,674

1,562,697

TOTAL ASSETS LESS CURRENT LIABILITIES

2,445,841

2,397,428

CREDITORS

Amounts falling due after more than one year

9

(1,667

)

(12,139

)

PROVISIONS FOR LIABILITIES

(79,182

)

(83,642

)

NET ASSETS

2,364,992

2,301,647

CAPITAL AND RESERVES

Called up share capital

400,000

400,000

Share premium Account

299,490

299,490

Fair value reserves

334,766

334,766

Retained earnings

1,330,736

1,267,391

SHAREHOLDERS' FUNDS

2,364,992

2,301,647

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2025 and were signed on its behalf by:

A K G Mulji - Director

1.	STATUTORY INFORMATION

Kenya Jewellers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue recognition

Revenue from the sale of jewellery and precious metals through retail or wholesale channels is recognised when the goods are delivered and the risks and rewards of ownership have passed to the customer.

Rental income arising from investment property is recognised when company receives the rent and is recorded to the balance sheet date.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

Straight line over years

Plant and machinery

-

25% reducing balance

Fixtures and fittings

-

25% reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments

Fixed asset investments are stated at cost less provision for permanent diminution in value.

Current assets investments are at the lower of cost and net realisable value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

Totals

£

£

£

£

COST

At 1 April 2024

104,948

228,251

264,944

598,143

Additions

-

-

2,865

2,865

At 31 March 2025

104,948

228,251

267,809

601,008

DEPRECIATION

At 1 April 2024

104,948

226,326

182,138

513,412

Charge for year

-

481

21,048

21,529

At 31 March 2025

104,948

226,807

203,186

534,941

NET BOOK VALUE

At 31 March 2025

-

1,444

64,623

66,067

At 31 March 2024

-

1,925

82,806

84,731

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

750,000

Additions

95,100

At 31 March 2025

845,100

NET BOOK VALUE

At 31 March 2025

845,100

At 31 March 2024

750,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2022

250,000

Cost

595,100

845,100

6.

STOCKS

2025

2024

£

£

Finished goods

1,057,450

1,205,500

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

108,841

157,877

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,000

10,405

Trade creditors

37,660

58,838

Taxation and social security

41,443

52,937

Other creditors

82,432

46,862

171,535

169,042

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,667

12,139

10.	RELATED PARTY DISCLOSURES

Included within other creditors as at year end is £43,019 (2024: £78,091 amount due from the directors), an amount owed to the directors of the company. The amount owed is unsecured and there are no specific terms of repayment.