0 false false false false false false false false false true false false false false false false No description of principal activity 2021-12-01 Sage Accounts Production Advanced 2021 - FRS102_2021 10,000 3,333 556 3,889 6,111 6,667 xbrli:pure xbrli:shares iso4217:GBP 09858635 2021-12-01 2022-11-30 09858635 2022-11-30 09858635 2021-11-30 09858635 2021-11-30 09858635 bus:RegisteredOffice 2021-12-01 2022-11-30 09858635 bus:LeadAgentIfApplicable 2021-12-01 2022-11-30 09858635 bus:Director1 2021-12-01 2022-11-30 09858635 bus:Director2 2021-12-01 2022-11-30 09858635 core:NetGoodwill 2021-11-30 09858635 core:NetGoodwill 2022-11-30 09858635 core:WithinOneYear 2022-11-30 09858635 core:WithinOneYear 2021-11-30 09858635 core:ShareCapital 2022-11-30 09858635 core:ShareCapital 2021-11-30 09858635 core:SharePremium 2022-11-30 09858635 core:SharePremium 2021-11-30 09858635 core:RetainedEarningsAccumulatedLosses 2022-11-30 09858635 core:RetainedEarningsAccumulatedLosses 2021-11-30 09858635 core:NetGoodwill 2021-12-01 2022-11-30 09858635 core:NetGoodwill 2021-11-30 09858635 bus:SmallEntities 2021-12-01 2022-11-30 09858635 bus:AuditExempt-NoAccountantsReport 2021-12-01 2022-11-30 09858635 bus:FullAccounts 2021-12-01 2022-11-30 09858635 bus:SmallCompaniesRegimeForAccounts 2021-12-01 2022-11-30 09858635 bus:PrivateLimitedCompanyLtd 2021-12-01 2022-11-30
COMPANY REGISTRATION NUMBER: 09858635
KAHG LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 November 2022
KAHG LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 2022
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
4
KAHG LIMITED
OFFICERS AND PROFESSIONAL ADVISERS
The board of directors
Mrs R Grant
Mr K Ahearne-Grant
Registered office
Lynton House
7-12 Tavistock Square
London
WC1H 9BQ
Accountants
BSG Valentine (UK) LLP
Chartered Accountants
Lynton House
7 - 12 Tavistock Square
London
WC1H 9BQ
KAHG LIMITED
STATEMENT OF FINANCIAL POSITION
30 November 2022
2022
2021
Note
£
£
£
£
FIXED ASSETS
Intangible assets
4
6,111
6,667
CURRENT ASSETS
Cash at bank and in hand
632
632
CREDITORS: amounts falling due within one year
5
( 3,669)
( 2,349)
-------
-------
NET CURRENT LIABILITIES
( 3,037)
( 1,717)
-------
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
3,074
4,950
-------
-------
NET ASSETS
3,074
4,950
-------
-------
CAPITAL AND RESERVES
Called up share capital
335
335
Share premium account
9,765
9,765
Profit and loss account
( 7,026)
( 5,150)
-------
-------
SHAREHOLDERS FUNDS
3,074
4,950
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 .
KAHG LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 November 2022
These financial statements were approved by the board of directors and authorised for issue on 13 October 2023 , and are signed on behalf of the board by:
Mr K Ahearne-Grant
Director
Company registration number: 09858635
KAHG LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 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 Lynton House, 7-12 Tavistock Square, London, WC1H 9BQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of 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.
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.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
over 18 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Intangible assets
Goodwill
£
Cost
At 1 December 2021 and 30 November 2022
10,000
--------
Amortisation
At 1 December 2021
3,333
Charge for the year
556
--------
At 30 November 2022
3,889
--------
Carrying amount
At 30 November 2022
6,111
--------
At 30 November 2021
6,667
--------
5. Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
1,320
Other creditors
3,669
1,029
-------
-------
3,669
2,349
-------
-------
6. Directors' advances, credits and guarantees
As at the balance sheet date an amount of £2,349 was owing to the directors by the company.