KLT REINSTATEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
The entity is a private company, limited by shares, incorporated in England and Wales. The registered office is 6th Floor, 2 London Wall Place, London, EC2Y 5AU. The company has not traded in the financial period.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in pounds sterling, the functional currency, and rounded to the nearest £1.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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The average monthly number of employees, including directors, during the year was 1 (2023 - 1).
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Amounts owed by group undertakings
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Parent entity and controlling party
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The company's parent entity is KLT Group of Companies Ltd.
The largest and smallest groups in which the results on the company are consolidated are those headed by KLT Group of Companies Ltd, with a registered office of 6th Floor, 2 London Wall Place, London, EC2Y 5AU.
The company was under the control of Mrs J Taylor as at 31 March 2024 as a result of her control of the parent company, KLT Group of Companies Ltd.
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