IRIS Accounts Production v24.1.9.2 13557587 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh135575872022-12-31135575872023-12-31135575872023-01-012023-12-31135575872021-08-09135575872021-08-102022-12-31135575872022-12-3113557587ns15:EnglandWales2023-01-012023-12-3113557587ns14:PoundSterling2023-01-012023-12-3113557587ns10:Director12023-01-012023-12-3113557587ns10:Director22023-01-012023-12-3113557587ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3113557587ns10:SmallEntities2023-01-012023-12-3113557587ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3113557587ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3113557587ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3113557587ns10:FullAccounts2023-01-012023-12-311355758712023-01-012023-12-3113557587ns10:RegisteredOffice2023-01-012023-12-3113557587ns5:CurrentFinancialInstruments2023-12-3113557587ns5:CurrentFinancialInstruments2022-12-3113557587ns5:ShareCapital2023-12-3113557587ns5:ShareCapital2022-12-3113557587ns5:RetainedEarningsAccumulatedLosses2023-12-3113557587ns5:RetainedEarningsAccumulatedLosses2022-12-3113557587ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3113557587ns5:ComputerSoftware2023-01-012023-12-3113557587ns5:ComputerSoftware2023-12-3113557587ns5:PlantMachinery2023-01-012023-12-3113557587ns5:PlantMachinery2023-12-3113557587ns5:CostValuation2022-12-3113557587ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3113557587ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3113557587ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-12-3113557587ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-12-31
REGISTERED NUMBER: 13557587 (England and Wales)








KALLANISH INDEX SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






KALLANISH INDEX SERVICES LIMITED (REGISTERED NUMBER: 13557587)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

KALLANISH INDEX SERVICES LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: P A Mullins
S K Randall





REGISTERED OFFICE: Britannia House
11 Glenthorne Road
Hammersmith
London
W6 0LH





REGISTERED NUMBER: 13557587 (England and Wales)





ACCOUNTANTS: Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR

KALLANISH INDEX SERVICES LIMITED (REGISTERED NUMBER: 13557587)

BALANCE SHEET
31 December 2023

2023 2022
Notes £ £
FIXED ASSETS
Website development costs 4 197,565 -
Tangible assets 5 634 -
Investments 6 561 561
198,760 561

CURRENT ASSETS
Debtors 7 127,889 30,150
Cash at bank 5,112 925
133,001 31,075
CREDITORS
Amounts falling due within one year 8 (432,398 ) (73,953 )
NET CURRENT LIABILITIES (299,397 ) (42,878 )
TOTAL ASSETS LESS CURRENT LIABILITIES (100,637 ) (42,317 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (101,637 ) (43,317 )
(100,637 ) (42,317 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

KALLANISH INDEX SERVICES LIMITED (REGISTERED NUMBER: 13557587)

BALANCE SHEET - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:




P A Mullins - Director



S K Randall - Director


KALLANISH INDEX SERVICES LIMITED (REGISTERED NUMBER: 13557587)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Kallanish Index Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis. This is considered appropriate on the basis that the parent company will continue to provide financial support to the company for the foreseeable future to enable the company to meet its liabilities as they fall due.

For commercial reasons, the companies reporting date was extended to 31 December 2022 in the prior year. Therefore, the comparative amounts in the financial statements this year, including the related notes, are not entirely comparable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development costs is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Tangible assets are stated at cost less accumulated depreciation. Cost includes the original purchase price and costs directly attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and machinery - 25% reducing balance.

On disposal, the difference between net proceeds and the carrying amount of item sold is recognised in the profit and loss account and is included in administrative expenses.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Investments in subsidiaries
Investments in subsidiary companies are initially recorded at cost, being the fair value of the consideration given and including acquisition costs associated with the investment. The investments are reviewed for impairment on an annual basis and provision is made where there has been a permanent diminution in their value.

Financial instruments
Financial instruments are classified by directors as basic or non-basic following the conditions on FRS 102 Section 11. Basic financial instruments are initially measured at transaction price (including transaction cost) and subsequently recognised at amortised cost using the effective interest method. The company does not have any non-basic instruments.


KALLANISH INDEX SERVICES LIMITED (REGISTERED NUMBER: 13557587)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Website
development
costs
£
COST
Additions 215,105
At 31 December 2023 215,105
AMORTISATION
Amortisation for year 17,540
At 31 December 2023 17,540
NET BOOK VALUE
At 31 December 2023 197,565

KALLANISH INDEX SERVICES LIMITED (REGISTERED NUMBER: 13557587)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
Additions 845
At 31 December 2023 845
DEPRECIATION
Charge for year 211
At 31 December 2023 211
NET BOOK VALUE
At 31 December 2023 634

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 January 2023
and 31 December 2023 561
NET BOOK VALUE
At 31 December 2023 561
At 31 December 2022 561

The company's investments at the Balance Sheet date is the share capital of companies include the following:

Kallanish Index Services (Singapore) PTD. LTD
Registered office: 160 Robinson Road, #14-04, Postal 068914

Nature of business: Management Consultancy Services

Class of Shares: % holding
Ordinary 100%


7. DEBTORS
2023 2022
£ £
Amounts falling due within one year:
Amounts owed by group undertakings 90,232 29,965
Other debtors 440 185
90,672 30,150

KALLANISH INDEX SERVICES LIMITED (REGISTERED NUMBER: 13557587)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


7. DEBTORS - continued
2023 2022
£ £
Amounts falling due after more than one year:
Other debtors 37,217 -

Aggregate amounts 127,889 30,150

Included within other debtors after more than one year is a deferred tax asset in relation to taxable trading losses less the liability arising on short term timing differences. The directors believe it is probable that the deferred tax asset will be recovered against future taxable profits after more than one year.

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 432 -
Amounts owed to parent company 295,710 69,853
Taxation and social security 629 850
Other creditors 135,627 3,250
432,398 73,953

9. RELATED PARTY DISCLOSURES

Included within amounts owed by group undertakings was a balance of £90,232 (2022: £29,965) owed by Kallanish Index Services (Singapore) PTE. LTD. The amount due is interest free and repayable on demand.

Included within amounts owed to parent company was a balance of £295,710 (2022: £69,853) owed to Kallanish Limited. The amount owed is interest free and repayable on demand.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
KALLANISH INDEX SERVICES LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kallanish Index Services Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Kallanish Index Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kallanish Index Services Limited and state those matters that we have agreed to state to the Board of Directors of Kallanish Index Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kallanish Index Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kallanish Index Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Kallanish Index Services Limited. You consider that Kallanish Index Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kallanish Index Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the Director, who obtain access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.






Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR


10 September 2024