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31/01/2023
2023-01-31
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No description of principal activities is disclosed
2022-01-21
Sage Accounts Production 21.0 - FRS102_2021
xbrli:pure
xbrli:shares
iso4217:GBP
13863282
2022-01-21
2023-01-31
13863282
2023-01-31
13863282
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-01-21
2023-01-31
13863282
bus:Director1
2022-01-21
2023-01-31
13863282
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-01-31
13863282
core:ShareCapital
2022-01-21
2023-01-31
13863282
core:RetainedEarningsAccumulatedLosses
2022-01-21
2023-01-31
13863282
core:WithinOneYear
2023-01-31
13863282
core:ShareCapital
2023-01-31
13863282
core:RetainedEarningsAccumulatedLosses
2023-01-31
13863282
core:AdditionsToInvestments
core:Non-currentFinancialInstruments
2023-01-31
13863282
core:CostValuation
core:Non-currentFinancialInstruments
2023-01-31
13863282
core:Non-currentFinancialInstruments
2023-01-31
13863282
bus:SmallEntities
2022-01-21
2023-01-31
13863282
bus:AuditExempt-NoAccountantsReport
2022-01-21
2023-01-31
13863282
bus:FullAccounts
2022-01-21
2023-01-31
13863282
bus:SmallCompaniesRegimeForAccounts
2022-01-21
2023-01-31
13863282
bus:PrivateLimitedCompanyLtd
2022-01-21
2023-01-31
13863282
core:AllAssociates
2022-01-21
2023-01-31
Company registration number:
13863282
KibCo Holdings Ltd
Unaudited filleted financial statements
31 January 2023
KibCo Holdings Ltd
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
KibCo Holdings Ltd
Statement of financial position
31 January 2023
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31/01/23 |
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Note |
£ |
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£ |
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|
|
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|
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Fixed assets |
|
|
|
|
|
|
|
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|
Tangible assets |
|
4 |
449,241 |
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|
|
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Investments |
|
5 |
168,503 |
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|
|
|
|
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_______ |
|
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617,744 |
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Current assets |
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Debtors |
|
6 |
2,250 |
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|
Cash at bank and in hand |
|
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42,535 |
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_______ |
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44,785 |
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Creditors: amounts falling due |
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within one year |
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7 |
(
654,741) |
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_______ |
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Net current liabilities |
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(
609,956) |
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_______ |
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Total assets less current liabilities |
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7,788 |
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_______ |
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Net assets |
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7,788 |
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_______ |
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Capital and reserves |
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Called up share capital |
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100 |
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Profit and loss account |
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7,688 |
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_______ |
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Shareholders funds |
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7,788 |
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_______ |
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For the period ending 31 January 2023 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 period 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 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 comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
20 October 2023
, and are signed on behalf of the board by:
Mr P Kibel
Director
Company registration number:
13863282
KibCo Holdings Ltd
Statement of changes in equity
Period ended 31 January 2023
|
|
Called up share capital |
Profit and loss account |
Total |
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£ |
£ |
£ |
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At 21 January 2022 |
|
- |
- |
- |
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Profit for the period |
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|
7,688 |
7,688 |
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|
_______ |
_______ |
_______ |
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Total comprehensive income for the period |
|
- |
7,688 |
7,688 |
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|
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Issue of shares |
|
100 |
|
100 |
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|
_______ |
_______ |
_______ |
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Total investments by and distributions to owners |
|
100 |
- |
100 |
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_______ |
_______ |
_______ |
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At 31 January 2023 |
|
100 |
7,688 |
7,788 |
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_______ |
_______ |
_______ |
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KibCo Holdings Ltd
Notes to the financial statements
Period ended 31 January 2023
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Unit 1a Webbers Way, Dartington, Totnes, Devon, TQ9 6JY.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
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Freehold property |
- |
2 % |
reducing balance |
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There is no depreciation on Land
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
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. 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 are largely independent of the cash inflows from other assets or groups of assets.
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.
Tangible assets
|
|
Freehold property |
Total |
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|
£ |
£ |
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Cost |
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At 21 January 2022 |
- |
- |
|
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Additions |
458,062 |
458,062 |
|
|
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|
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|
_______ |
_______ |
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At 31 January 2023 |
458,062 |
458,062 |
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|
_______ |
_______ |
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Depreciation |
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At 21 January 2022 |
- |
- |
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Charge for the year |
8,821 |
8,821 |
|
|
|
|
|
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|
_______ |
_______ |
|
|
|
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At 31 January 2023 |
8,821 |
8,821 |
|
|
|
|
|
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|
_______ |
_______ |
|
|
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Carrying amount |
|
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At 31 January 2023 |
449,241 |
449,241 |
|
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_______ |
_______ |
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5.
Investments
|
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Shares in group undertakings and participating interests |
Total |
|
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£ |
£ |
|
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Cost |
|
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At 21 January 2022 |
- |
- |
|
|
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Additions |
168,503 |
168,503 |
|
|
|
|
|
|
_______ |
_______ |
|
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|
|
|
At 31 January 2023 |
168,503 |
168,503 |
|
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|
_______ |
_______ |
|
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Impairment |
|
|
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At 21 January 2022 and 31 January 2023 |
- |
- |
|
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|
_______ |
_______ |
|
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Carrying amount |
|
|
|
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|
At 31 January 2023 |
168,503 |
168,503 |
|
|
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_______ |
_______ |
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6.
Debtors
|
|
|
31/01/23 |
|
|
|
|
£ |
|
|
Trade debtors |
|
2,000 |
|
|
Other debtors |
|
250 |
|
|
|
|
_______ |
|
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|
2,250 |
|
|
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|
_______ |
|
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|
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|
7.
Creditors: amounts falling due within one year
|
|
|
31/01/23 |
|
|
|
|
£ |
|
|
Trade creditors |
|
92 |
|
|
Corporation tax |
|
3,941 |
|
|
Social security and other taxes |
|
803 |
|
|
Other creditors |
|
649,905 |
|
|
|
|
_______ |
|
|
|
|
654,741 |
|
|
|
|
_______ |
|
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|
8.
Related party transactions
The rent income was from related parties, £19,703 Fishtek Limited and £14,777 Fishtek Marine Limited
.