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REGISTERED NUMBER: 12532399 (England and Wales)















Unaudited Financial Statements

for the Period 24th March 2020 to 30th March 2021

for

KIKS-CHINGFORD LTD

KIKS-CHINGFORD LTD (REGISTERED NUMBER: 12532399)






Contents of the Financial Statements
FOR THE PERIOD 24TH MARCH 2020 TO 30TH MARCH 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KIKS-CHINGFORD LTD

Company Information
FOR THE PERIOD 24TH MARCH 2020 TO 30TH MARCH 2021







DIRECTORS: Mr S Q Iqbal
Mr S M Shaikh
Mr M M Shaikh





REGISTERED OFFICE: Suite 3, 52 Upton Lane
London
United Kingdom
E7 9LN





REGISTERED NUMBER: 12532399 (England and Wales)





ACCOUNTANTS: Silver Arc
Chartered Certified Accountants
1 Quality Court
Chancery Lane
London
WC2A 1HR

KIKS-CHINGFORD LTD (REGISTERED NUMBER: 12532399)

Balance Sheet
30TH MARCH 2021

Notes £   
FIXED ASSETS
Intangible assets 4 4,000
Tangible assets 5 218,733
222,733

CURRENT ASSETS
Stocks 3,216
Debtors 6 18,484
Cash at bank and in hand 9,158
30,858
CREDITORS
Amounts falling due within one year 7 (188,065 )
NET CURRENT LIABILITIES (157,207 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,526

CREDITORS
Amounts falling due after more than one year 8 (124,700 )
NET LIABILITIES (59,174 )

CAPITAL AND RESERVES
Called up share capital 300
Retained earnings (59,474 )
SHAREHOLDERS' FUNDS (59,174 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th March 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th March 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.

KIKS-CHINGFORD LTD (REGISTERED NUMBER: 12532399)

Balance Sheet - continued
30TH MARCH 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 by the Board of Directors and authorised for issue on 5th September 2022 and were signed on its behalf by:





Mr S Q Iqbal - Director


KIKS-CHINGFORD LTD (REGISTERED NUMBER: 12532399)

Notes to the Financial Statements
FOR THE PERIOD 24TH MARCH 2020 TO 30TH MARCH 2021

1. STATUTORY INFORMATION

Kiks-Chingford Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Plant and machinery - 15% straight line method

Fixtures and fittings - 15% straight line method

Computer and equipments - 20% straight line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

KIKS-CHINGFORD LTD (REGISTERED NUMBER: 12532399)

Notes to the Financial Statements - continued
FOR THE PERIOD 24TH MARCH 2020 TO 30TH MARCH 2021

2. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the period 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

KIKS-CHINGFORD LTD (REGISTERED NUMBER: 12532399)

Notes to the Financial Statements - continued
FOR THE PERIOD 24TH MARCH 2020 TO 30TH MARCH 2021

2. ACCOUNTING POLICIES - continued

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 5,000
At 30th March 2021 5,000
AMORTISATION
Charge for period 1,000
At 30th March 2021 1,000
NET BOOK VALUE
At 30th March 2021 4,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
Additions 5,000 252,493 257,493
At 30th March 2021 5,000 252,493 257,493
DEPRECIATION
Charge for period 800 37,960 38,760
At 30th March 2021 800 37,960 38,760
NET BOOK VALUE
At 30th March 2021 4,200 214,533 218,733

KIKS-CHINGFORD LTD (REGISTERED NUMBER: 12532399)

Notes to the Financial Statements - continued
FOR THE PERIOD 24TH MARCH 2020 TO 30TH MARCH 2021

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 5,300
Other debtors 13,184
18,484

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 23,786
Amounts owed to associates 78,193
Other creditors 86,086
188,065

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other creditors 124,700

9. RELATED PARTY DISCLOSURES

Syed Qaiser Iqbal, Sajid Mukhtar Shaikh and Majid Mukhtar Shaikh all have participating interests in KIKS-Chingford Ltd and following below associates

As of 30th March 2021, KIKS-Chingford Ltd owes £31,550 to KIKS-Ware Ltd

As of 30th March 2021, KIKS-Chingford Ltd owes £43,143 to International Huckleberry Chicken Limited

As of 30th March 2021, KIKS-Chingford Ltd owes £3,500 to KIKS-Bishop Ltd