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Company Registration No. 12845677 (England and Wales)
Kaymia Ltd Unaudited accounts for the period from 1 September 2023 to 31 July 2024
Kaymia Ltd Unaudited accounts Contents
Page
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Kaymia Ltd Company Information for the period from 1 September 2023 to 31 July 2024
Director
KEVIN HUYNH
Company Number
12845677 (England and Wales)
Registered Office
Congress House, 14 Lyon Road HARROW Greater London HA1 2EN United Kingdom
Accountants
Evolve Accounting and Tax Solutions Ltd Congress House 14 Lyon Road Harrow Middlesex HA1 2EN
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Kaymia Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
2,625,000 
2,371,027 
Current assets
Debtors
10,000 
- 
Cash at bank and in hand
4,399 
14,634 
14,399 
14,634 
Creditors: amounts falling due within one year
(22,999)
(15,440)
Net current liabilities
(8,600)
(806)
Total assets less current liabilities
2,616,400 
2,370,221 
Creditors: amounts falling due after more than one year
(1,969,647)
(1,981,370)
Provisions for liabilities
Deferred tax
(148,031)
(84,538)
Net assets
498,722 
304,313 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
498,622 
304,213 
Shareholders' funds
498,722 
304,313 
For the period ending 31 July 2024 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 director acknowledges his 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 and authorised for issue on 26 August 2024 and were signed on its behalf by
KEVIN HUYNH Director Company Registration No. 12845677
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Kaymia Ltd Notes to the Accounts for the period from 1 September 2023 to 31 July 2024
1
Statutory information
Kaymia Ltd is a private company, limited by shares, registered in England and Wales, registration number 12845677. The registered office is Congress House,, 14 Lyon Road, HARROW, Greater London, HA1 2EN, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. These financial statements for the period ended 31 July 2024 are the first financial statements that comply with FRS 102 Section 1A small entities. The date of transition is 1 September 2022. The transition to FRS 102 Section 1A small entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note 9 below.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Fair value at 1 September 2023
2,371,027 
Net gain from fair value adjustments
253,973 
At 31 July 2024
2,625,000 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
10,000 
- 
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Kaymia Ltd Notes to the Accounts for the period from 1 September 2023 to 31 July 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
1,448 
Taxes and social security
1,146 
11,778 
Other creditors
19,639 
- 
Accruals
2,214 
2,214 
22,999 
15,440 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,503,505 
1,503,505 
Other creditors
76,976 
40,990 
Loans from directors
389,166 
436,875 
1,969,647 
1,981,370 
8
Average number of employees
During the period the average number of employees was 0 (2023: 0).
9
Reconciliations on adoption of FRS 102
Reconciliation of equity
1 September 2022 
31 August 2023 
£ 
£ 
Capital and reserves (as previously stated)
49,760 
50,697 
Revaluation of investment properties
100,190 
338,154 
Deferred tax
(25,047)
(84,538)
Capital and reserves (as restated)
124,903 
304,313 
Reconciliation of profit or loss for the year
31 August 2023 
£ 
Profit for the year (as previously stated)
937 
Gain on revaluation of investment property
338,154 
deferred tax
(84,538)
Profit for the year (as restated)
254,553 
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