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
Kaymia Ltd
Company Information
for the period from 1 September 2023 to 31 July 2024
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
Kaymia Ltd
Statement of financial position
as at 31 July 2024
Investment property
2,625,000
2,371,027
Cash at bank and in hand
4,399
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
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
Kaymia Ltd
Notes to the Accounts
for the period from 1 September 2023 to 31 July 2024
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.
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.
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.
The accounts are presented in £ sterling.
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 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.
Fair value at 1 September 2023
2,371,027
Net gain from fair value adjustments
253,973
Amounts falling due within one year
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
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
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
Profit for the year (as restated)
254,553