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Logo On Report
Registered Number: 07013670
England and Wales

 

 

 

HKF HOLDINGS LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2022

End date: 28 February 2023
Directors Adam Kimber
Anna Kimber
Registered Number 07013670
Registered Office 3 Paulson Close
Chandlers Ford Eastleigh
Southampton
Hampshire
SO53 1HR
Accountants JSR Management & HR Consultancy Services Ltd
1 The Bridgeway
Portsmouth Road, Woolston
Southampton
SO19 7PE
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 28 February 2023.
Principal activities
Principal activity of the company during the financial year was of Management Services and Rental of Commercial Property.
Directors
The directors who served the company throughout the year were as follows:
Adam Kimber
Anna Kimber
Statement of directors' responsibilities
The directors are responsible for preparing the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102 and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Employment of disabled persons
Applications for employment by disabled persons are always fully considered, bearing in mind the respective aptitudes and abilities of the applicant concerned. In the event of employees becoming disabled every effort is made to ensure that their employment with the company continues and the appropriate training is arranged. It is the policy of the company that the training, career development and promotion of a disabled person should, as far as possible, be identical to that of an employee who does not suffer from a disability.

This report was approved by the board and signed on its behalf by:


----------------------------------
Anna Kimber
Director
----------------------------------
Adam Kimber
Director

Date approved: 13 July 2023
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 950,000    950,000 
950,000    950,000 
Current assets      
Debtors: amounts falling due within one year 4 4,036    4,267 
Cash at bank and in hand 99,265    30,954 
103,301    35,221 
Creditors: amount falling due within one year 5 (50,881)   (11,692)
Net current assets 52,420    23,529 
 
Total assets less current liabilities 1,002,420    973,529 
Net assets 1,002,420    973,529 
 

Capital and reserves
     
Called up share capital 280    280 
Reserves 6 574,926    574,926 
Capital Redemption Reserve 7 320    320 
Profit and loss account 426,894    398,003 
Shareholder's funds 1,002,420    973,529 
 


For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 13 July 2023 and were signed on its behalf by:


-------------------------------
Anna Kimber
Director
-------------------------------
Adam Kimber
Director
3
General Information
HKF HOLDINGS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07013670, registration address 3 Paulson Close, Chandlers Ford Eastleigh, Southampton, Hampshire, SO53 1HR.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors continue to support the business and have assessed whether the "going concern" basis of accounting is appropriate, considering all the available information about the future, which is at least, but not limited to, 12 months from the date of approval. At this time, the directors neither intend to liquidate the entity or to cease trading and therefore have prepared the Financial Statements on a "going concern" basis.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and any trade discounts applied.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 0 Straight Line
Fixtures and Fittings 4 Years Straight Line
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Fixtures and Fittings   Total
  £   £   £
At 01 March 2022 750,001    945    750,946 
Additions    
Disposals    
Revaluations 199,999      199,999 
At 28 February 2023 950,000    945    950,945 
Depreciation
At 01 March 2022   945    945 
Charge for year    
On disposals    
At 28 February 2023   945    945 
Net book values
Closing balance as at 28 February 2023 950,000      950,000 
Opening balance as at 01 March 2022 950,000      950,000 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Prepayments & Accrued Income 4,036    3,547 
PAYE & Social Security   720 
4,036    4,267 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 185    144 
Corporation Tax 6,926    9,392 
PAYE & Social Security 37   
Other Creditors 41,577   
Directors' Current Accounts 2,156    2,156 
50,881    11,692 

6.

Reserves

2023
£
  2022
£
Revaluation Reserve b/fwd 574,926    574,926 
574,926    574,926 

7.

Capital Redemption Reserve

2023
£
  2022
£
Capital Redemption Reserve b/fwd 320    320 
320    320 

4