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REGISTERED NUMBER: 10950545 (England and Wales)















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: P Hughes
R Leckie





REGISTERED OFFICE: Office 6
7-11 High Street
Reigate
Surrey
RH2 9AA





REGISTERED NUMBER: 10950545 (England and Wales)





AUDITORS: Flint & Thompson
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 2,940,281 2,795,664
Debtors 4 339,043 308,362
Cash at bank - 10
3,279,324 3,104,036
CREDITORS
Amounts falling due within one year 5 4,341,161 3,110,464
NET CURRENT LIABILITIES (1,061,837 ) (6,428 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,061,837

)

(6,428

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,061,937 ) (6,528 )
(1,061,837 ) (6,428 )

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 30 July 2024 and were signed on its behalf by:





P Hughes - Director


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 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.

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 305,198 299,060
Other debtors 33,845 9,302
339,043 308,362

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 21,246 2,700
Other creditors 4,319,915 3,107,764
4,341,161 3,110,464

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.

Peter Georgiades BA FCA (Senior Statutory Auditor)
Flint & Thompson 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