Company Number: 13971039

Analysis Date: 2025-07-29 20:06 UTC

1. Credit Opinion: APPROVE with conditions. KHANEJA HOLDINGS LTD is a micro private limited company engaged in real estate activities, showing a positive net asset position and modest working capital as at 31 March 2024. The company is newly established (incorporated in 2022) and has demonstrated growth from nominal assets and equity in its first year to a stronger position in the second year. However, liquidity remains tight and the company operates with minimal fixed assets and no employees, indicating reliance on the director and possibly external funding or leasing arrangements. Approval is recommended with monitoring of cash flow and asset acquisition plans.

2. Financial Strength: The balance sheet shows net assets of £15,019 at 31 March 2024, up significantly from £100 in the prior year. Current assets (£82,957) exceed current liabilities (£67,988), yielding positive net current assets of £14,969. Fixed assets are minimal (£50), consistent with a micro entity primarily holding or managing real estate interests rather than owning substantial property assets. Shareholder funds fully support the net assets, indicating no external equity dilution. The increase in current liabilities alongside current assets suggests short-term financing or trade payables that must be managed carefully.

3. Cash Flow Assessment: The company’s liquidity position is positive but modest, with net current assets providing a buffer of approximately £15k. The absence of an audit and the micro-entity reporting basis limit detailed insight into cash flow from operations. Given the company employs no staff and has minimal fixed assets, operating costs may be low, but cash inflows depend heavily on real estate transactions or rental income. Close attention should be paid to the company’s ability to meet short-term liabilities as they fall due and to maintain working capital adequacy.

4. Monitoring Points:

   • Liquidity trends and cash flow statements to ensure ongoing ability to service liabilities.
   • Changes in current liabilities to assess any increasing short-term debt or payables.
   • Development of fixed asset base or acquisition of real estate holdings that could strengthen asset backing.
   • Director’s ongoing involvement and financial management given sole shareholding and control.
   • Timely filing of accounts and confirmation statements to maintain regulatory compliance.