REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 JULY 2023 |
FOR |
KINGFISH INVESTMENTS LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 JULY 2023 |
FOR |
KINGFISH INVESTMENTS LIMITED |
KINGFISH INVESTMENTS LIMITED (REGISTERED NUMBER: 10950545) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 JULY 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
KINGFISH INVESTMENTS LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 JULY 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Statutory Auditors |
2 Manor Square |
Solihull |
West Midlands |
B91 3PX |
KINGFISH INVESTMENTS LIMITED (REGISTERED NUMBER: 10950545) |
BALANCE SHEET |
31 JULY 2023 |
2023 | 2022 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
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 |
KINGFISH INVESTMENTS LIMITED (REGISTERED NUMBER: 10950545) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 JULY 2023 |
1. | STATUTORY INFORMATION |
Kingfish Investments Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons; |
The company has group support to ensure that it meets its liabilities for a period of no less than 12 months from the approval of the financial statements. |
Consequently, the directors are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of the financial statements and therefore have prepared them on a going concern basis. |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
Financial instruments |
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. |
Debtors |
Trade receivables do not carry any interest receivable and are initially recognised at fair value and subsequently at amortised cost using the effective interest method. |
Creditors |
Trade payables do not carry any interest receivable and are initially recognised at fair value and subsequently at amortised cost using the effective interest method. |
Taxation |
Taxation for the period 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 balance sheet date. |
KINGFISH INVESTMENTS LIMITED (REGISTERED NUMBER: 10950545) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 JULY 2023 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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 period was NIL (2022 - NIL). |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Amounts owed by associates |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Other creditors |
6. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
We draw your attention to the fact that the prior period was unaudited. While we have performed procedures to gain reasonable assurance over the opening balances brought forward from the prior period, we have not performed procedures to the same extent as those conducted for balances and transactions which occurred in the current period. |
Flint & Thompson |
7. | RELATED PARTY DISCLOSURES |
At the year end, the Company was owed £305,198 (2022 - £299,060) by various companies under the control of the directors Mr Hughes & Mr Leckie. |
At the year end, the Company owed £4,315,403 (2022 - £3,250,000) to various companies under the control of the directors Mr Hughes & Mr Leckie. |
KINGFISH INVESTMENTS LIMITED (REGISTERED NUMBER: 10950545) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 SEPTEMBER 2022 TO 31 JULY 2023 |
8. | ULTIMATE CONTROLLING PARTY |
The ultimate parent company is Frank Solutions Limited. |
Frank Solutions Limited is based in the Isle of Man and the group financial statements can be obtained from |
The Engine Room |
2nd Floor |
54-58 Athol Street |
Douglas |
IM1 1JD |
Isle of Man |