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REGISTERED NUMBER: 01165464 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

KARIANCA LIMITED

KARIANCA LIMITED (REGISTERED NUMBER: 01165464)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KARIANCA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Mrs K M Dinesen
F Lindegaard





SECRETARY: Mrs K M Dinesen





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: 01165464 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

KARIANCA LIMITED (REGISTERED NUMBER: 01165464)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 522,153 532,620
Investment property 5 6,566,796 6,566,796
7,088,949 7,099,416

CURRENT ASSETS
Debtors 6 27,612 17,710
Cash at bank 138,848 63,826
166,460 81,536
CREDITORS
Amounts falling due within one year 7 171,366 147,115
NET CURRENT LIABILITIES (4,906 ) (65,579 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,084,043

7,033,837

CREDITORS
Amounts falling due after more than one
year

8

(63,742

)

(79,538

)

PROVISIONS FOR LIABILITIES (1,047,872 ) (1,050,611 )
NET ASSETS 5,972,429 5,903,688

CAPITAL AND RESERVES
Called up share capital 1,550,000 1,550,000
Fair value reserve 9 3,069,994 3,069,994
Retained earnings 1,352,435 1,283,694
5,972,429 5,903,688

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

KARIANCA LIMITED (REGISTERED NUMBER: 01165464)

BALANCE SHEET - continued
31ST DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8th August 2024 and were signed on its behalf by:




Mrs K M Dinesen - Director



F Lindegaard - Director


KARIANCA LIMITED (REGISTERED NUMBER: 01165464)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Karianca 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance

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 Statement of Income and Retained Earnings, 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.

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 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).

KARIANCA LIMITED (REGISTERED NUMBER: 01165464)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery Totals
£    £    £    £   
COST
At 1st January 2023 319,805 90,116 319,610 729,531
Additions - 11,080 - 11,080
At 31st December 2023 319,805 101,196 319,610 740,611
DEPRECIATION
At 1st January 2023 - - 196,911 196,911
Charge for year - - 21,547 21,547
At 31st December 2023 - - 218,458 218,458
NET BOOK VALUE
At 31st December 2023 319,805 101,196 101,152 522,153
At 31st December 2022 319,805 90,116 122,699 532,620

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2023
and 31st December 2023 6,566,796
NET BOOK VALUE
At 31st December 2023 6,566,796
At 31st December 2022 6,566,796

Fair value at 31st December 2023 is represented by:
£   
Valuation in 2022 4,093,326
Cost 2,473,470
6,566,796

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,500 4,195
Other debtors 22,112 13,515
27,612 17,710

KARIANCA LIMITED (REGISTERED NUMBER: 01165464)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 15,156 14,106
Trade creditors 11,472 14,119
Taxation and social security 66,982 40,773
Other creditors 77,756 78,117
171,366 147,115

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 63,742 79,538

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 63,742 79,538

9. RESERVES
Fair
value
reserve
£   
At 1st January 2023
and 31st December 2023 3,069,994