Kibosh Assets Limited 12397150 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is other letting and operating of own leased real estate Digita Accounts Production Advanced 6.30.9574.0 true 12397150 2023-02-01 2024-01-31 12397150 2024-01-31 12397150 core:CurrentFinancialInstruments 2024-01-31 12397150 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 12397150 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 12397150 bus:SmallEntities 2023-02-01 2024-01-31 12397150 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 12397150 bus:FullAccounts 2023-02-01 2024-01-31 12397150 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 12397150 bus:RegisteredOffice 2023-02-01 2024-01-31 12397150 bus:Director2 2023-02-01 2024-01-31 12397150 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12397150 countries:AllCountries 2023-02-01 2024-01-31 12397150 2023-01-31 12397150 2022-02-01 2023-01-31 12397150 2023-01-31 12397150 core:CurrentFinancialInstruments 2023-01-31 12397150 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 12397150 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 12397150

Kibosh Assets Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2024

 

Kibosh Assets Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Kibosh Assets Limited

Company Information

Director

B V Dhanaraj

Registered office

21 Navigaton Business Village
Navigation Way
Ashton-on-Ribble
Preston
PR2 2YP

 

Kibosh Assets Limited

(Registration number: 12397150)
Balance Sheet as at 31 January 2024

Note

2024

2023

Fixed assets

 

Investment property

4

50,000

50,000

Current assets

 

Debtors

5

1

1

Creditors: Amounts falling due within one year

6

(1,996)

(1,496)

Net current liabilities

 

(1,995)

(1,495)

Total assets less current liabilities

 

48,005

48,505

Creditors: Amounts falling due after more than one year

6

(50,000)

(50,000)

Net liabilities

 

(1,995)

(1,495)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(1,996)

(1,496)

Shareholders' deficit

 

(1,995)

(1,495)

For the financial year ending 31 January 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 year in question in accordance with section 476; and

The director acknowledges her 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 August 2024
 

.........................................
B V Dhanaraj
Director

   
     
 

Kibosh Assets Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

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

The address of its registered office is:
21 Navigaton Business Village
Navigation Way
Ashton-on-Ribble
Preston
PR2 2YP

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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Investment property

Investment property is recognised at cost on initial recognition. Subsequently, investment property is measured at fair value at the reporting date with any changes recognised in the profit and loss account.

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.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to 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.

 

Kibosh Assets Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Investment properties

2024

At 1 February 2023

50,000

At 31 January 2024

50,000

5

Debtors

2024

2023

Other debtors

1

1

 

1

1

6

Creditors

Creditors: amounts falling due within one year

2024

2023

Due within one year

Accruals and deferred income

1,500

1,000

Other creditors

496

496

1,996

1,496

Creditors: amounts falling due after more than one year

2024

2023

Due after one year

Other loans

50,000

50,000

Other loans are unsecured, accrue interest at 1% per annum and are due for repayment in June 2025.