Naila Kachra Investments Limited - Accounts to registrar (filleted) - small 18.2

Naila Kachra Investments Limited - Accounts to registrar (filleted) - small 18.2

NAILA KACHRA INVESTMENTS LIMITED - Company Information

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REGISTERED NUMBER: 11697928 (England and Wales)















NAILA KACHRA INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021






NAILA KACHRA INVESTMENTS LIMITED (REGISTERED NUMBER: 11697928)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


NAILA KACHRA INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: A A Kachra
M N Smith





REGISTERED OFFICE: 3 Castlegate
Grantham
Lincolnshire
NG31 6SF





REGISTERED NUMBER: 11697928 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
Enterprise Way
Pinchbeck
Spalding
Lincolnshire
PE11 3YR
Page 1
NAILA KACHRA INVESTMENTS LIMITED (REGISTERED NUMBER: 11697928)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Investments 4 13,570,778 10,870,538

CURRENT ASSETS
Debtors 5 3,418 7,507,012
Cash at bank 9,191,571 1,721,432
9,194,989 9,228,444
CREDITORS
Amounts falling due within one year 6 19,454,143 18,293,305
NET CURRENT LIABILITIES (10,259,154 ) (9,064,861 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,311,624 1,805,677

PROVISIONS FOR LIABILITIES 443,931 243,155
NET ASSETS 2,867,693 1,562,522

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 2,867,593 1,562,422
SHAREHOLDERS' FUNDS 2,867,693 1,562,522

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 notes form part of these financial statements

Page 2 continued...
NAILA KACHRA INVESTMENTS LIMITED (REGISTERED NUMBER: 11697928)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2021


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 and authorised for issue by the Board of Directors and authorised for issue on 14 June 2022 and were signed on its behalf by:





A A Kachra - Director


The notes form part of these financial statements

Page 3
NAILA KACHRA INVESTMENTS LIMITED (REGISTERED NUMBER: 11697928)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Naila Kachra Investments 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents investment income. Investment income is recognised as the company's right to receive payment is established.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Fixed asset investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

Page 4 continued...
NAILA KACHRA INVESTMENTS LIMITED (REGISTERED NUMBER: 11697928)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2021 10,870,538
Additions 4,573,836
Disposals (3,096,477 )
Revaluations 1,222,881
At 31 December 2021 13,570,778
NET BOOK VALUE
At 31 December 2021 13,570,778
At 31 December 2020 10,870,538

Cost or valuation at 31 December 2021 is represented by:

Other
investments
£   
Valuation in 2019 368,662
Valuation in 2020 911,099
Valuation in 2021 1,056,715
Cost 11,234,302
13,570,778

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 3,418 7,507,012

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 4,957,506 2,086,656
Taxation and social security 103,442 100,272
Other creditors 14,393,195 16,106,377
19,454,143 18,293,305

Page 5 continued...
NAILA KACHRA INVESTMENTS LIMITED (REGISTERED NUMBER: 11697928)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

7. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Bank loans 4,957,506 2,086,656

The bank loan is secured by a fixed floating charge with a negative pledge in favour of Barclays Bank plc.

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
100 Ordinary 1 100 100

9. RELATED PARTY DISCLOSURES

The company is owned by the Naila Kachra Will Trust. During the year the company repaid £1,723,300 to the Trust (2020: £1,692,192), no interest was charged. At the year end the balance owing was £14,354,010 (2020: £16,077,310).

One of the directors of this company is also a director of the Kachra Holdings Ltd. During the year Kachra Holdings Ltd repaid the company £7,933,607 (2020: £98,268) Interest was charged at rates of 5% and 7% of £429,132 (2020: £448,749). At the year end the balance owing was £Nil (2020: £7,504,475)

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