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Company Registration No. 09732970 (England and Wales)
KIN + ILK CAPITAL QUARTER LIMITED Unaudited accounts for the year ended 31 December 2023
KIN + ILK CAPITAL QUARTER LIMITED Unaudited accounts Contents
Page
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KIN + ILK CAPITAL QUARTER LIMITED Company Information for the year ended 31 December 2023
Director
David Davies
Company Number
09732970 (England and Wales)
Registered Office
1 Capital Quarter Tyndall Street Cardiff CF10 4BZ Wales
Accountants
Cadre Advisory Ltd Embassy Offices, Stangate House Stanwell Road Penarth CF64 2AA
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KIN + ILK CAPITAL QUARTER LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,470 
20,547 
Current assets
Inventories
11,413 
11,413 
Debtors
257,194 
204,619 
Cash at bank and in hand
2,337 
22,960 
270,944 
238,992 
Creditors: amounts falling due within one year
(641,673)
(584,220)
Net current liabilities
(370,729)
(345,228)
Total assets less current liabilities
(368,259)
(324,681)
Creditors: amounts falling due after more than one year
(33,490)
(39,840)
Net liabilities
(401,749)
(364,521)
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
15,524 
15,524 
Profit and loss account
(417,274)
(380,046)
Shareholders' funds
(401,749)
(364,521)
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 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 25 April 2024 and were signed on its behalf by
David Davies Director Company Registration No. 09732970
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KIN + ILK CAPITAL QUARTER LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
KIN + ILK CAPITAL QUARTER LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09732970. The registered office is 1 Capital Quarter, Tyndall Street, Cardiff, CF10 4BZ, Wales.
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 year, 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.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% Straight Line
Plant & machinery
20% Straight Line
Fixtures & fittings
20% Straight Line
Computer equipment
25% Straight Line
Turnover
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.
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KIN + ILK CAPITAL QUARTER LIMITED Notes to the Accounts for the year ended 31 December 2023
Charges
Barclays Security Trustee Limited holds fixed and floating charge and a negative pledge dated 21 January 2021 over Kin + IIK Capital Quarter Limited on all monies, obligations and liabilities which may be due to Barclays Security Trustee Limited now and in the future. (Charge code 0973 2970 0002) Finance Wales Investments (8) LTD holds fixed and floating charge and a negative pledge dated 17 November 2015 over Kin + IIK Capital Quarter Limited on all monies, obligations and liabilities which may be due to Finance Wales Investments (8) LTD now and in the future. (Charge code 0973 2970 0001)
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2023
90,645 
19,945 
67,657 
3,511 
181,758 
At 31 December 2023
90,645 
19,945 
67,657 
3,511 
181,758 
Depreciation
At 1 January 2023
74,224 
15,819 
67,657 
3,511 
161,211 
Charge for the year
16,421 
1,656 
- 
- 
18,077 
At 31 December 2023
90,645 
17,475 
67,657 
3,511 
179,288 
Net book value
At 31 December 2023
- 
2,470 
- 
- 
2,470 
At 31 December 2022
16,421 
4,126 
- 
- 
20,547 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
472 
138 
Amounts due from group undertakings etc.
256,722 
204,098 
Accrued income and prepayments
- 
383 
257,194 
204,619 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,348 
6,914 
VAT
16,451 
8,589 
Trade creditors
10,329 
19,333 
Amounts owed to group undertakings and other participating interests
576,082 
525,875 
Taxes and social security
4,758 
2,602 
Other creditors
(247)
157 
Accruals
27,952 
20,750 
641,673 
584,220 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
33,490 
39,840 
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KIN + ILK CAPITAL QUARTER LIMITED Notes to the Accounts for the year ended 31 December 2023
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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