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Kara Reed Properties Limited

12112153

active
Private Limited Company
Companies House
Health Score
57 / 100

Notable Risks

25/30
Filing
0/30
Financial
32/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)
  • 4 outstanding charges (-8)

Details

SUITE 5, THE WILLOWS, RANSOM WOOD BUSINESS PARK, RAINWORTH, MANSFIELD, NG21 0HJ
Incorporated 19/07/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Gurtej Singh Chohan

director · Since 19/07/2019

DIRECTOR

BRITISH · ENGLAND · Age 54

Also on 6 other boards

Persons with Significant Control

Mr Gurtej Singh Chohan

75–100% shares
75–100% votes
Appoint directors

British · England · Age 54

Suite 5, The Willows, Ransom Wood Business Park, Southwell Road West, Rainworth, Mansfield, NG21 0HJ

Notified 19/07/2019

Charges4 outstanding

Charge
outstanding

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CompanyRankvs 143820+ SIC 68209 peers
26

Financial strength13th percentile among SIC peers · 3/25
Employees57th percentile among SIC peers · 9/15
LiquidityCurrent ratio 1.31× · 12/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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143820Kara Reed Properties Limited
45
How is this score calculated?
Financial strength3/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees9/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity7/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going conc

Key FinancialsYear ending 31/07/2023

Net Worth

-£11k

Balance sheet strength

Cash

£5k

Cash in the bank

Net Current Assets

£45k

Working capital

Current Assets

£189k

Current Liabilities

£144k

Fixed Assets

£165k

Debtors

£184k

1avg. employees

Balance Sheet

Assets less current liabilities£210k
Signed by Mr G S Chohan 23 July 2024Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20231.31+£28k
20220.87-£7k
20210.47-£24k
20200.87—

Derived from filed accounts. Not audited figures.