Caseware UK (AP4) 2021.0.152 2021.0.152 2021-11-302021-11-302falseNo description of principal activity2true2020-12-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09863882 2020-12-01 2021-11-30 09863882 2019-12-01 2020-11-30 09863882 2021-11-30 09863882 2020-11-30 09863882 c:Director1 2020-12-01 2021-11-30 09863882 d:CurrentFinancialInstruments 2021-11-30 09863882 d:CurrentFinancialInstruments 2020-11-30 09863882 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 09863882 d:CurrentFinancialInstruments d:WithinOneYear 2020-11-30 09863882 d:ShareCapital 2021-11-30 09863882 d:ShareCapital 2020-11-30 09863882 d:RetainedEarningsAccumulatedLosses 2020-12-01 2021-11-30 09863882 d:RetainedEarningsAccumulatedLosses 2021-11-30 09863882 d:RetainedEarningsAccumulatedLosses 2020-11-30 09863882 c:OrdinaryShareClass1 2020-12-01 2021-11-30 09863882 c:OrdinaryShareClass1 2021-11-30 09863882 c:OrdinaryShareClass1 2020-11-30 09863882 c:FRS102 2020-12-01 2021-11-30 09863882 c:AuditExempt-NoAccountantsReport 2020-12-01 2021-11-30 09863882 c:FullAccounts 2020-12-01 2021-11-30 09863882 c:PrivateLimitedCompanyLtd 2020-12-01 2021-11-30 09863882 2 2020-12-01 2021-11-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 09863882






KIMCHI HOTDOG LTD

UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 NOVEMBER 2021

 
KIMCHI HOTDOG LTD
REGISTERED NUMBER: 09863882

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2021

2021
2020
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
-
656

Cash at bank and in hand
 5 
79,224
84,387

  
79,224
85,043

Creditors: amounts falling due within one year
 6 
(4,987)
(1,055)

Net current assets
  
 
 
74,237
 
 
83,988

Total assets less current liabilities
  
74,237
83,988

  

Net assets
  
74,237
83,988


Capital and reserves
  

Called up share capital 
 7 
2
2

Profit and loss account
 8 
74,235
83,986

  
74,237
83,988


The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 August 2022.



Gabriella Rothenberg
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
KIMCHI HOTDOG LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
1.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
1.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

 
1.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are 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.

 
1.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.7

Financial instruments

The Company only enters into basic financial instrument 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 ordinary shares.

Page 2

 
KIMCHI HOTDOG LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

1.Accounting policies (continued)

 
1.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


2.


Judgments in applying accounting policies and key sources of estimation uncertainty

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily ascertainable from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual outcomes may differ from these estimates.
The estimates and underlying assumptions are reviewed on a continuing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised.
The key areas of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:
Prepayments & Accrued Expenditure
The company includes a provision for invoices which are yet to be received from and amounts paid in advance to suppliers. These provisions are estimated based upon the expected values of the invoices which are issued and services received following the period end.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2020 - 2).


4.


Debtors

2021
2020
£
£


Other debtors
-
656

-
656


Page 3

 
KIMCHI HOTDOG LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

5.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
79,224
84,387

79,224
84,387



6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Corporation tax
-
17

Other creditors
3,987
38

Accruals and deferred income
1,000
1,000

4,987
1,055



7.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



2 (2020 - 2) Ordinary shares of £1.00 each
2
2



8.


Reserves

Profit and loss account

The profit and loss reserve is fully distributable.

 
Page 4