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COMPANY REGISTRATION NUMBER: 03942677
KERNOW MULTIMEDIA & COMMUNICATIONS PLC
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 March 2022
KERNOW MULTIMEDIA & COMMUNICATIONS PLC
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2022
Contents
Page
Officers and professional advisers
1
Strategic report
2
Directors' report
3
Statement of financial position
4
Notes to the financial statements
5
KERNOW MULTIMEDIA & COMMUNICATIONS PLC
OFFICERS AND PROFESSIONAL ADVISERS
The board of directors
H C Joshi
K Joshi
Company secretary
D H Joshi
Registered office
7-12 Tavistock Square
London
WC1H 9BQ
Accountants
BSG Valentine (UK) LLP
Chartered Accountants
Lynton House
7 - 12 Tavistock Square
London
WC1H 9BQ
KERNOW MULTIMEDIA & COMMUNICATIONS PLC
STRATEGIC REPORT
YEAR ENDED 31 MARCH 2022
The company was dormant during the year.
This report was approved by the board of directors on 31 August 2022 and signed on behalf of the board by:
H C Joshi
Director
Registered office:
7-12 Tavistock Square
London
WC1H 9BQ
KERNOW MULTIMEDIA & COMMUNICATIONS PLC
DIRECTORS' REPORT
YEAR ENDED 31 MARCH 2022
The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2022 .
The company has been dormant as defined in section 1169 of the Companies Act 2006 throughout the year and preceding financial year. It is anticipated that the company will remain dormant for the foreseeable future.
Directors
The directors who served the company during the year were as follows:
H C Joshi
K Joshi
Dividends
The directors do not recommend the payment of a dividend.
This report was approved by the board of directors on 31 August 2022 and signed on behalf of the board by:
H C Joshi
Director
Registered office:
7-12 Tavistock Square
London
WC1H 9BQ
KERNOW MULTIMEDIA & COMMUNICATIONS PLC
STATEMENT OF FINANCIAL POSITION
31 March 2022
2022
2021
Note
£
£
£
£
CURRENT ASSETS
Cash at bank and in hand
333
333
CREDITORS: amounts falling due within one year
4
114,568
114,568
---------
---------
NET CURRENT LIABILITIES
114,235
114,235
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 114,235)
( 114,235)
---------
---------
NET LIABILITIES
( 114,235)
( 114,235)
---------
---------
CAPITAL AND RESERVES
Called up share capital
5
12,500
12,500
Profit and loss account
( 126,735)
( 126,735)
---------
---------
SHAREHOLDERS DEFICIT
( 114,235)
( 114,235)
---------
---------
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 31 August 2022 , and are signed on behalf of the board by:
H C Joshi
Director
Company registration number: 03942677
KERNOW MULTIMEDIA & COMMUNICATIONS PLC
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7-12 Tavistock Square, London, WC1H 9BQ.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholders deficit during the current year or prior year.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Creditors: amounts falling due within one year
2022
2021
£
£
Accruals and deferred income
3,000
3,000
Other creditors
111,568
111,568
---------
---------
114,568
114,568
---------
---------
5. Called up share capital
Issued, called up and fully paid
2022
2021
No.
£
No.
£
Ordinary shares of £ 6,250 each
2
12,500
2
12,500
----
--------
----
--------
6. Analysis of changes in net debt
At 1 Apr 2021
Cash flows
At 31 Mar 2022
£
£
£
Cash at bank and in hand
333
333
----
----
----
7. Controlling party
The company was under the control of its shareholders throughout the current and previous year.