2022-08-112023-08-312023-08-31false14290190KINNDRED MANAGEMENT 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KINNDRED MANAGEMENT LIMITED

Registered Number
14290190
(England and Wales)

Unaudited Financial Statements for the Period ended
31 August 2023

KINNDRED MANAGEMENT LIMITED
Company Information
for the period from 11 August 2022 to 31 August 2023

Director

Martha Jane Kinn

Registered Address

101 New Cavendish Street
1st Floor South
London
W1W 6XH

Registered Number

14290190 (England and Wales)
KINNDRED MANAGEMENT LIMITED
Balance Sheet as at
31 August 2023

Notes

2023

£

£

Current assets
Debtors360,750
Cash at bank and on hand50,519
111,269
Creditors amounts falling due within one year4(60,228)
Net current assets (liabilities)51,041
Total assets less current liabilities51,041
Net assets51,041
Capital and reserves
Profit and loss account51,041
Shareholders' funds51,041
The financial statements were approved and authorised for issue by the Director on 31 July 2024, and are signed on its behalf by:
Martha Jane Kinn
Director
Registered Company No. 14290190
KINNDRED MANAGEMENT LIMITED
Notes to the Financial Statements
for the period ended 31 August 2023

1.Accounting policies
Statutory information
Kinndred Management Limited is a private company limited by shares and incorporated in England and Wales (Registered number 14290190). The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH. The principal activity of the company is that of providing consultancy services to the music industry.
Basis of preparation
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable/(receivable) in respect of taxable profit/(loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid/(recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

2023
Average number of employees during the year2
3.Debtors: amounts due within one year

2023

£
Other debtors22,691
Prepayments and accrued income38,059
Total60,750
4.Creditors: amounts due within one year

2023

£
Trade creditors / trade payables45
Taxation and social security33,697
Other creditors24,486
Accrued liabilities and deferred income2,000
Total60,228
5.Related party transactions
Included in other creditors is £16,479 owed to the director.