RRK Investments Limited,Ltd - AccountsLtd - Accounts

RRK Investments Limited,Ltd - AccountsLtd - Accounts

RRK INVESTMENTS LIMITED - Company Information

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2021-05-01 11939315 2022-04-30 11939315 2021-05-01 2022-04-30 11939315 uk-bus:RegisteredOffice 2021-05-01 2022-04-30 11939315 uk-bus:Director1 2021-05-01 2022-04-30 11939315 uk-bus:Director1 2022-04-30 11939315 2021-04-30 11939315 2020-05-01 2021-04-30 11939315 uk-core:WithinOneYear 2021-04-30 11939315 uk-core:WithinOneYear 2022-04-30 11939315 uk-core:AfterOneYear 2021-04-30 11939315 uk-core:AfterOneYear 2022-04-30 11939315 uk-core:ShareCapital 2022-04-30 11939315 uk-core:ShareCapital 2021-04-30 11939315 uk-core:RetainedEarningsAccumulatedLosses 2022-04-30 11939315 uk-core:RetainedEarningsAccumulatedLosses 2021-04-30 11939315 uk-core:FurnitureFittings 2021-05-01 2022-04-30 11939315 uk-core:WithinOneYear uk-core:Secured 2022-04-30 11939315 uk-core:WithinOneYear uk-core:Secured 2021-04-30 iso4217:GBP xbrli:pure 11939315 uk-bus:AuditExemptWithAccountantsReport 2021-05-01 2022-04-30 11939315 uk-bus:FRS102 2021-05-01 2022-04-30 11939315 uk-bus:FullAccounts 2021-05-01 2022-04-30 11939315 uk-bus:PrivateLimitedCompanyLtd 2021-05-01 2022-04-30
RRK Investments Limited
Registered Number:11939315
For the year ended 30 April 2022
England and Wales
Report of the Director and Unaudited Financial Statements
2
For the year ended 30 April 2022
RRK Investments Limited
Contents Page
Company Information
1
2
Director's Report
3
Independent Accountants' Report
4
Income Statement
5
Statement of Financial Position
6 to 8
Notes to the Financial Statements
3
For the year ended 30 April 2022
RRK Investments Limited
Company Information
Randeep Singh Dhesi
Director
Randeep Kaur Dhesi
Company Secretary
11939315
Registered Number
14 Elm Grove
Registered Office
Hornchurch
Essex
RM11 3UA
Mr P K R Chowdhury M Com FFA FIPA FAIA
Accountants
Chowdhury and Co
Financial Accountants
41 Highwood Gardens
Ilford
Greater London
IG5 0AZ
Barclays Bank Plc
Bankers
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4
For the year ended 30 April 2022
RRK Investments Limited
Director's Report
The director presents his report and financial statements for the year ended 30 April 2022.
Principal activities
The principal activity of the company is investment in properties and letting them out.
Director
The director who served the company throughout the year was as follows:
Randeep Singh Dhesi
Randeep Singh Dhesi
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Date:
10 January 2023
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5
For the year ended 30 April 2022
RRK Investments Limited
Independent Accountants' Report
As described on the Statement of Financial Position you are responsible for the preparation of the financial statements
for the year ended 30 April 2022 and you consider that the company is exempt from an audit under the Companies Act
2006. In accordance with your instructions, we have compiled these unaudited financial statements in order to assist
you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to
us.
Chowdhury and Co
Mr P K R Chowdhury M Com FFA FIPA FAIA
Financial Accountants
41 Highwood Gardens
Ilford
Greater London
IG5 0AZ
Date:
10 January 2023
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6
For the year ended 30 April 2022
RRK Investments Limited
Income Statement
2021
£
2022
£
Notes
Turnover
17,400
3,625
3,625
Gross profit
17,400
Administrative expenses
(1,093)
(3,609)
Operating profit
16,307
16
Unrealised fair value adjustments on investment property
-
26,381
Interest payable and similar charges
(7,121)
(1,547)
35,567
(1,531)
Profit before taxation
(6,381)
-
Taxation
2
29,186
Profit for the financial year
(1,531)
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7
Registered Number :
11939315
As at 30 April 2022
RRK Investments Limited
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
391
260
3
4
373,760
347,379
Investment property
374,151
347,639
Current assets
Trade and other receivables
147
138
5
6,689
Cash and cash equivalents
16,500
16,638
6,836
Trade and other payables: amounts falling due within one
year
(134,173)
(137,488)
6
(127,337)
(120,850)
Net current liabilities
Total assets less current liabilities
253,301
220,302
Trade and other payables: amounts falling due after more
than one year
(221,831)
(220,632)
7
(5,012)
-
Provisions for liabilities
27,657
Net assets/liabilities
(1,529)
Capital and reserves
Called up share capital
2
2
Retained earnings
27,655
(1,531)
27,657
(1,529)
Shareholders' funds
For the year ended 30 April 2022 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 of its financial statements for the year ended 30 April 2022 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
Randeep Singh Dhesi
These financial statements were approved and authorised for issue by the Board on 10 January 2023 and were signed by:
The notes form part of these financial statements
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8
For the year ended 30 April 2022
RRK Investments Limited
Notes to the Financial Statements
Statutory Information
RRK Investments Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 11939315.
Registered address:
14 Elm Grove
Hornchurch
Essex
RM11 3UA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover represents rent receivable during the reporting period.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
15 Reducing balance
Furniture and Fittings
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.
2. Taxation
2021
£
The taxation charge is based on the taxable profit for the year and
comprises:
£
2022
UK taxation
UK corporation tax
1,369
-
Deferred tax
Origination and reversal of timing differences
5,012
-
Tax on profit on ordinary activities
6,381
-
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9
For the year ended 30 April 2022
RRK Investments Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment
Furniture and
Fittings
£
Cost or
valuation
At 01 May 2021
306
199
Additions
At 30 April 2022
505
Provision for depreciation and impairment
At 01 May 2021
46
Charge for year
68
At 30 April 2022
114
At 30 April 2022
Net book value
391
At 30 April 2021
260
4. Investment property
Total
£
Fair value
At 01 May 2021
347,379
Fair value adjustments
26,381
At 30 April 2022
373,760
Net book value
At 30 April 2022
373,760
At 30 April 2021
347,379
5. Trade and other receivables
2021
2022
£
£
Other debtors
138
147
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10
For the year ended 30 April 2022
RRK Investments Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Bank loans and overdraft (secured)
8,319
7,073
Trade creditors
725
725
Taxation and social security
1,369
-
Other creditors
127,075
126,375
137,488
134,173
7. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Bank loans and overdraft (secured)
220,632
221,831
8. Average number of persons employed
During the year the average number of employees was 0
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