Krishna Constructions And Investments - Accounts to registrar (filleted) - small 23.1.2
Krishna Constructions And Investments - Accounts to registrar (filleted) - small 23.1.2
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31 March 2023 |
| for |
| Krishna Constructions And Investments |
| Limited |
| Krishna Constructions And Investments |
| Limited (Registered number: 11161675) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2023 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| Krishna Constructions And Investments |
| Limited |
| Company Information |
| for the Year Ended 31 March 2023 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| -Bbk, Cranbrook Road |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| & Statutory Auditors |
| 1 Beauchamp Court |
| 10 Victors Way |
| Barnet |
| Hertfordshire |
| EN5 5TZ |
| Krishna Constructions And Investments |
| Limited (Registered number: 11161675) |
| Statement of Financial Position |
| 31 March 2023 |
| 31.3.23 | 31.3.22 |
| Notes | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings | 10 |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| Krishna Constructions And Investments |
| Limited (Registered number: 11161675) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2023 |
| 1. | STATUTORY INFORMATION |
| Krishna Constructions And Investments Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Long term contracts are stated at net cost less foreseeable losses less any applicable payments on account. The amount recorded as turnover in respect of long term contracts is ascertained by reference to the value of the work carried out to date. Attributable profit is recognised as the difference between recorded turnover and related costs. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2022 - NIL). |
| Krishna Constructions And Investments |
| Limited (Registered number: 11161675) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2023 |
| 4. | FIXED ASSET INVESTMENTS |
| Investments (neither listed nor unlisted) were as follows: |
| 31.3.23 | 31.3.22 |
| £ | £ |
| Srini estates | 69,069 | - |
| 5. | STOCKS |
| 31.3.23 | 31.3.22 |
| £ | £ |
| Property Development Cost | 198,781 | 304,275 |
| 6. | DEBTORS |
| 31.3.23 | 31.3.22 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Other debtors |
| Amounts falling due after more than one year: |
| Ayah Nirmaal Adurai | 300,000 | - |
| Aggregate amounts |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.3.23 | 31.3.22 |
| £ | £ |
| Bank loans and overdrafts (see note 8) |
| Trade creditors | ( |
) |
| Tax |
| Directors' current accounts | 408,362 | 408,061 |
| Accrued expenses |
| Krishna Constructions And Investments |
| Limited (Registered number: 11161675) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2023 |
| 8. | LOANS |
| An analysis of the maturity of loans is given below: |
| 31.3.23 | 31.3.22 |
| £ | £ |
| Amounts falling due within one year or on demand: |
| Dr.Gaddam Loan | 100,478 | 100,478 |
| Arkitekton Chilham Loan | 100,000 | 100,000 |
| Dr Gaddam loan | 43,500 | 43,500 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.23 | 31.3.22 |
| value: | £ | £ |
| Ordinary | £1 | 10,000 | 10,000 |
| 10. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 April 2022 |
| Deficit for the year | ( |
) |
| At 31 March 2023 |