Company No:
Contents
Note | 31.12.2023 | |
£ | ||
Fixed assets | ||
Investments | 3 |
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2,350,315 | ||
Current assets | ||
Debtors | 4 |
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Cash at bank and in hand |
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138,368 | ||
Creditors: amounts falling due within one year | 5 | (
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Net current liabilities | (232,132) | |
Total assets less current liabilities | 2,118,183 | |
Creditors: amounts falling due after more than one year | 6 | (
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Net assets |
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Capital and reserves | ||
Called-up share capital | 7 |
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Profit and loss account |
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Total shareholders' funds |
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Directors' responsibilities:
The financial statements of Kontor Group Limited (registered number:
S J M Haworth
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
Kontor Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 33 Gresse Street, London, W1T 1QU, England, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
Period from 07.02.2023 to 31.12.2023 |
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Number | |
Monthly average number of persons employed by the Company during the period, including directors |
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Investments in subsidiaries
31.12.2023 | |
£ | |
Cost | |
At 07 February 2023 | 0 |
Additions |
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At 31 December 2023 |
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Carrying value at 31 December 2023 |
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31.12.2023 | |
£ | |
Amounts owed by own subsidiaries |
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Amounts owed by directors |
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Prepayments |
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Other debtors |
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31.12.2023 | |
£ | |
Trade creditors |
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Amounts owed to own subsidiaries |
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Accruals |
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Other taxation and social security |
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Other creditors |
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31.12.2023 | |
£ | |
Other loans |
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31.12.2023 | |
£ | |
Allotted, called-up and fully-paid | |
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100 |
Pensions
The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.
31.12.2023 | |
£ | |
Unpaid contributions due to the fund (inc. in other creditors) |
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Transactions with the entity's directors
31.12.2023 | |
£ | |
Amounts owed by directors | 51 |
Advances were made to the directors during the year totalling £51. The accounts are interest-free.