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
KIN + ILK CAPITAL QUARTER LIMITED
Company Information
for the year ended 31 December 2023
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
KIN + ILK CAPITAL QUARTER LIMITED
Statement of financial position
as at 31 December 2023
Tangible assets
2,470
20,547
Cash at bank and in hand
2,337
22,960
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)
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
KIN + ILK CAPITAL QUARTER LIMITED
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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 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.
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 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.
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.
KIN + ILK CAPITAL QUARTER LIMITED
Notes to the Accounts
for the year ended 31 December 2023
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
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
At 31 December 2023
-
2,470
-
-
2,470
At 31 December 2022
16,421
4,126
-
-
20,547
Amounts falling due within one year
Amounts due from group undertakings etc.
256,722
204,098
Accrued income and prepayments
-
383
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,348
6,914
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
7
Creditors: amounts falling due after more than one year
2023
2022
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).