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Company No: 14645692 (England and Wales)

KONTOR GROUP LIMITED

Unaudited Financial Statements
For the financial period from 07 February 2023 to 31 December 2023
Pages for filing with the registrar

KONTOR GROUP LIMITED

Unaudited Financial Statements

For the financial period from 07 February 2023 to 31 December 2023

Contents

KONTOR GROUP LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2023
KONTOR GROUP LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2023
Note 31.12.2023
£
Fixed assets
Investments 3 2,350,315
2,350,315
Current assets
Debtors 4 103,009
Cash at bank and in hand 35,359
138,368
Creditors: amounts falling due within one year 5 ( 370,500)
Net current liabilities (232,132)
Total assets less current liabilities 2,118,183
Creditors: amounts falling due after more than one year 6 ( 2,012,810)
Net assets 105,373
Capital and reserves
Called-up share capital 7 100
Profit and loss account 105,273
Total shareholders' funds 105,373

For the financial period ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Kontor Group Limited (registered number: 14645692) were approved and authorised for issue by the Board of Directors on 13 August 2024. They were signed on its behalf by:

S J M Haworth
Director
KONTOR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 07 February 2023 to 31 December 2023
KONTOR GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 07 February 2023 to 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

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 £.

Going concern

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.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

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.

Turnover

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Employee benefits

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.

Fixed asset investments

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

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.

2. Employees

Period from
07.02.2023 to
31.12.2023
Number
Monthly average number of persons employed by the Company during the period, including directors 8

3. Fixed asset investments

Investments in subsidiaries

31.12.2023
£
Cost
At 07 February 2023 0
Additions 2,350,315
At 31 December 2023 2,350,315
Carrying value at 31 December 2023 2,350,315

4. Debtors

31.12.2023
£
Amounts owed by own subsidiaries 92,120
Amounts owed by directors 51
Prepayments 10,823
Other debtors 15
103,009

5. Creditors: amounts falling due within one year

31.12.2023
£
Trade creditors 6,543
Amounts owed to own subsidiaries 289,358
Accruals 5,000
Other taxation and social security 64,672
Other creditors 4,927
370,500

6. Creditors: amounts falling due after more than one year

31.12.2023
£
Other loans 2,012,810

There are no amounts included above in respect of which any security has been given by the company.

7. Called-up share capital

31.12.2023
£
Allotted, called-up and fully-paid
5,093 A Ordinary shares of £ 0.01 each 51
1,500 B Ordinary shares of £ 0.01 each 15
3,407 C Ordinary shares of £ 0.01 each 34
100

8. Financial commitments

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) 1,848

9. Related party transactions

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.

10. Events after the Balance Sheet date

329 C Ordinary shares were repurchased for £68,145 on 9 January 2024