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Registration number: 11677621

K & CIE Limited

Unaudited Filleted Financial Statements

for the Period from 1 December 2022 to 31 March 2024

 

K & CIE Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

K & CIE Limited

Company Information

Director

F M Kahn

Registered office

Flat 6
25 Bryanston Square
London
W1H 2DS

 

K & CIE Limited

(Registration number: 11677621)
Balance Sheet as at 31 March 2024

Note

2024
£

2022
£

Fixed assets

 

Tangible assets

5

-

313

Current assets

 

Debtors

6

-

19,988

Cash at bank and in hand

 

-

60,366

 

-

80,354

Creditors: Amounts falling due within one year

7

1

(28,001)

Net current assets

 

1

52,353

Net assets

 

1

52,666

Capital and reserves

 

Called up share capital

1

1

Retained earnings

-

52,665

Shareholders' funds

 

1

52,666

 

K & CIE Limited

(Registration number: 11677621)
Balance Sheet as at 31 March 2024

For the financial period ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 1 August 2024
 

.........................................
F M Kahn
Director

 

K & CIE Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

Principal activity

The principal activity of the Company is management consultancy.

These financial statements were authorised for issue by the director on 1 August 2024.

The address of its registered office is:
Flat 6
25 Bryanston Square
London
W1H 2DS
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company ceased trading on 31st March 2024.

Turnover recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

K & CIE Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 31 March 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Trade debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

 

K & CIE Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 31 March 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

K & CIE Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 31 March 2024

3

Significant judgements and key sources of estimation uncertainty

4

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 2 (2022 - 2).

5

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 December 2022

1,384

1,384

At 31 March 2024

1,384

1,384

Depreciation

At 1 December 2022

1,071

1,071

Charge for the period

313

313

At 31 March 2024

1,384

1,384

Carrying amount

At 31 March 2024

-

-

At 30 November 2022

313

313

 

K & CIE Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 31 March 2024

6

Debtors

2024
£

2022
£

Other debtors

-

19,988

-

19,988

Current

2024
£

2022
£

Other debtors

-

19,988

 

-

19,988

7

Creditors

2024
£

2022
£

Due within one year

Taxation and social security

-

21,877

Accruals and deferred income

-

4,142

Other creditors

(1)

1,982

(1)

28,001

8

Dividends

Interim dividends paid

2024
£

2022
£

Interim dividend of £1.00 per each Ordinary share

60,310

25,000