Company Registration No. 11577385 (England and Wales)
Kids Corp Limited
Unaudited accounts
for the year ended 31 December 2023
Kids Corp Limited
Unaudited accounts
Contents
Kids Corp Limited
Company Information
for the year ended 31 December 2023
Directors
D Falestchi
H Ratinoff
Company Number
11577385 (England and Wales)
Registered Office
6TH FLOOR
ONE LONDON WALL
LONDON
EC2Y 5EB
UNITED KINGDOM
Accountants
Delbeck Accountancy
Newton Hall
Town Street
Newton
Cambridge
CB22 7ZE
Kids Corp Limited
Statement of financial position
as at 31 December 2023
Investments
277,258
237,959
Cash at bank and in hand
256,818
408,594
Creditors: amounts falling due within one year
(26,733)
(14,592)
Net current assets
423,005
625,434
Total assets less current liabilities
700,263
863,393
Creditors: amounts falling due after more than one year
-
(12,141)
Net assets
700,263
851,252
Called up share capital
186,950
186,950
Capital contribution reserve
473,746
599,502
Profit and loss account
39,567
64,800
Shareholders' funds
700,263
851,252
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by
H Ratinoff
Director
Company Registration No. 11577385
Kids Corp Limited
Notes to the Accounts
for the year ended 31 December 2023
Kids Corp Limited is a private company, limited by shares, registered in England and Wales, registration number 11577385. The registered office is 6TH FLOOR, ONE LONDON WALL, LONDON, EC2Y 5EB, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover 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.
4
Investments
Subsidiary undertakings
Valuation at 1 January 2023
237,959
Valuation at 31 December 2023
277,258
Kids Corp S.R.L. Registered in Argentina - £237959.00
BZHKC L.L.C. Registered in USA - £39299.00
Amounts falling due within one year
Other debtors
192,134
226,970
Kids Corp Limited
Notes to the Accounts
for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023
2022
Other creditors
26,733
14,592
7
Creditors: amounts falling due after more than one year
2023
2022
Taxes and social security
-
12,141
8
Transactions with related parties
The following were subsidiary and other related undertakings of the Company.
Bilcesto S.A. Registered in Uruguay 100% Ordinary Shares.
Kids Corp S.R.L. Registered in Argentina 95% Ordinary Shares.
Ieladim Corp SAPI Registered in Mexico 95% Ordinary Shares.
Tecnovida S.A. Registered in Uruguay 100% Ordinary Shares.
BZHKC LLC Registered in USA 100% Ordinary Shares.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).