Karazhyra Limited - Limited company accounts 18.2

REGISTERED NUMBER: 08679407 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31st December 2018

for

Karazhyra Limited

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

Mrs E Delieu

B J Wells

REGISTERED OFFICE:

Unit 1 Moore House, Millfields Road

London

E5 0BF

REGISTERED NUMBER:

08679407 (England and Wales)

The directors present their report with the financial statements of the Company for the year ended 31st December 2018.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st January 2018

to the date of this report.

Mrs E Delieu

B J Wells

Other changes in directors holding office are as follows:

N Aitakhan - appointed 18th June 2018 - resigned 3rd October 2018

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act

2006 relating to small companies.

ON BEHALF OF THE BOARD:

Mrs E Delieu - Director

28th September 2019

TURNOVER

1,274

1,230

Administrative expenses

(82,720

)

(81,318

)

OPERATING LOSS and

LOSS BEFORE TAXATION

(81,446

)

(80,088

)

Tax on loss

-

LOSS FOR THE FINANCIAL YEAR

(81,446

)

(80,088

)

FIXED ASSETS

Investments

4

2,500,114

114

CURRENT ASSETS

Debtors

5

2,513,771

5,509

Cash at bank

369

-

2,514,140

5,509

CREDITORS

Amounts falling due within one year

6

(260,141

)

(180,064

)

NET CURRENT ASSETS/(LIABILITIES)

2,253,999

(174,555

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,754,113

(174,441

)

CAPITAL AND RESERVES

Called up share capital

152

Retained earnings

4,753,961

(174,593

)

4,754,113

(174,441

)

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2018.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st December 2018 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors on 28th September 2019 and
were signed on its behalf by:

Mrs E Delieu - Director

B J Wells - Director

1.	STATUTORY INFORMATION

Karazhyra 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

$

COST

At 1st January 2018

114

Additions

2,500,000

At 31st December 2018

2,500,114

NET BOOK VALUE

At 31st December 2018

2,500,114

At 31st December 2017

114

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/18

31/12/17

$

Other debtors

2,513,771

5,509

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/18

31/12/17

$

Trade creditors

(1

)

-

Other creditors

260,142

180,064

260,141

180,064