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REGISTERED NUMBER: 07756480 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

KUDOS 1430 LIMITED

KUDOS 1430 LIMITED (REGISTERED NUMBER: 07756480)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


KUDOS 1430 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: Mr R S Kataria
Mr H S Kataria
Mr J S Johal





REGISTERED OFFICE: Granville House
Wallingford Road
Uxbridge
UB8 2RW





REGISTERED NUMBER: 07756480 (England and Wales)





ACCOUNTANTS: Sullivans Chartered Accountants
13-14 Gelliwastad Road
Pontypridd
Rhondda Cynon Taf
CF37 2BW

KUDOS 1430 LIMITED (REGISTERED NUMBER: 07756480)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

30/6/23 30/6/22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 331 426
Investment property 5 3,122,059 3,122,059
3,122,390 3,122,485

CURRENT ASSETS
Debtors 6 276,965 354,658
Cash at bank 5,408 7,752
282,373 362,410
CREDITORS
Amounts falling due within one year 7 467,794 430,474
NET CURRENT LIABILITIES (185,421 ) (68,064 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,936,969

3,054,421

CREDITORS
Amounts falling due after more than one
year

8

(1,750,994

)

(1,771,006

)

PROVISIONS FOR LIABILITIES (84,504 ) (84,504 )
NET ASSETS 1,101,471 1,198,911

CAPITAL AND RESERVES
Called up share capital 10 134 179
Capital redemption reserve (306,955 ) -
Retained earnings 1,408,292 1,198,732
SHAREHOLDERS' FUNDS 1,101,471 1,198,911

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

KUDOS 1430 LIMITED (REGISTERED NUMBER: 07756480)

STATEMENT OF FINANCIAL POSITION - continued
30 JUNE 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2024 and were signed on its behalf by:




Mr R S Kataria - Director Mr H S Kataria - Director




Mr J S Johal - Director


KUDOS 1430 LIMITED (REGISTERED NUMBER: 07756480)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Kudos 1430 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going Concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

KUDOS 1430 LIMITED (REGISTERED NUMBER: 07756480)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2022 426
Additions 20
Disposals (115 )
At 30 June 2023 331
NET BOOK VALUE
At 30 June 2023 331
At 30 June 2022 426

On the 9th February 2023, the company sold 40% of its shares in trading subsidiary CNC Production Limited.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 3,122,059
NET BOOK VALUE
At 30 June 2023 3,122,059
At 30 June 2022 3,122,059

The investment properties have not been re-valued in the current year. The investment properties have been measured at their cost due to being rented to fellow group trading companies.

6. DEBTORS LESS THAN ONE YEAR
30/6/23 30/6/22
£    £   
Trade debtors 51,997 69,997
Amounts owed by group undertakings 224,406 284,661
Other debtors 562 -
276,965 354,658

KUDOS 1430 LIMITED (REGISTERED NUMBER: 07756480)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Bank loans and overdrafts 43,628 35,751
Trade creditors 288 -
Amounts owed to group undertakings 269,020 231,000
Tax - 9,084
VAT 4,348 4,318
Other creditors 118,836 118,836
Directors' current accounts 30,284 30,284
Accrued expenses 1,390 1,201
467,794 430,474

Within "Current Liabilities" and "Other Creditors" are amounts owed to the directors and their close family members totalling £149,120 (2022 - £149,120), The loans are payable on demand and no interest has been charged to the company.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/23 30/6/22
£    £   
Bank loans - 1-2 years 48,426 38,900
Bank loans - 2-5 years 167,312 171,900
Bank loans more 5 yr by instal 1,535,256 1,560,206
1,750,994 1,771,006

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,535,256 1,560,206

9. SECURED DEBTS

The following secured debts are included within creditors:

30/6/23 30/6/22
£    £   
Bank loans 1,794,622 1,806,757

The indebtedness to the bank is secured by a fixed and floating legal charge over the company and its commercial properties.

KUDOS 1430 LIMITED (REGISTERED NUMBER: 07756480)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

10. CALLED UP SHARE CAPITAL




Allotted, issued and fully paid:
Number: Class: Nominal 30/6/23 30/6/22
value: £    £   
3 Ordinary £1 3 4
150 Ordinary A £0.5 75 100
5,625 Ordinary B £0.01 56 75
134 179

COMPANY PURCHASE OF OWN SHARES

On 29th September 2022, the company purchased and cancelled the following shares in issue:
- 1 x Ordinary £1 shares
- 50 x Ordinary A £0.50 shares
- 1875 x Ordinary B £0.01 shares

for a consideration of £307,000. Advanced tax clearance was obtained from HM Revenue & Customs.