Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-307No description of principal activity2022-10-01false7truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03723218 2022-10-01 2023-09-30 03723218 2021-10-01 2022-09-30 03723218 2023-09-30 03723218 2022-09-30 03723218 c:Director1 2022-10-01 2023-09-30 03723218 c:Director2 2022-10-01 2023-09-30 03723218 c:Director3 2022-10-01 2023-09-30 03723218 c:Director4 2022-10-01 2023-09-30 03723218 c:Director5 2022-10-01 2023-09-30 03723218 c:Director6 2022-10-01 2023-09-30 03723218 c:Director7 2022-10-01 2023-09-30 03723218 c:RegisteredOffice 2022-10-01 2023-09-30 03723218 d:OfficeEquipment 2022-10-01 2023-09-30 03723218 d:OfficeEquipment 2023-09-30 03723218 d:OfficeEquipment 2022-09-30 03723218 d:CurrentFinancialInstruments 2023-09-30 03723218 d:CurrentFinancialInstruments 2022-09-30 03723218 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 03723218 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 03723218 d:ShareCapital 2023-09-30 03723218 d:ShareCapital 2022-09-30 03723218 d:RetainedEarningsAccumulatedLosses 2023-09-30 03723218 d:RetainedEarningsAccumulatedLosses 2022-09-30 03723218 c:FRS102 2022-10-01 2023-09-30 03723218 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 03723218 c:FullAccounts 2022-10-01 2023-09-30 03723218 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 03723218












THE KOBAL COLLECTION LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 September 2023

 
THE KOBAL COLLECTION LIMITED
 

COMPANY INFORMATION


DIRECTORS
A. J. Cohen 
A. M. Craven 
L. Dives 
W. M. Dives 
D. Kent 
M. Hinrich 
C. D. Smedley 




REGISTERED NUMBER
03723218



REGISTERED OFFICE
56 Milverton Road

London

NW6 7AP





 
THE KOBAL COLLECTION LIMITED
 

CONTENTS



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 4


 
THE KOBAL COLLECTION LIMITED
REGISTERED NUMBER: 03723218

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
2,004,492
2,004,492

CURRENT ASSETS
  

Debtors
 5 
14,659
10,100

Cash at bank and in hand
  
2,964
14,781

  
17,623
24,881

Creditors: amounts falling due within one year
 6 
(202,328)
(166,403)

NET CURRENT LIABILITIES
  
 
 
(184,705)
 
 
(141,522)

NET ASSETS
  
1,819,787
1,862,970


CAPITAL AND RESERVES
  

Allotted, called up and fully paid share capital
  
1,022,094
1,022,094

Profit and loss account
  
797,693
840,876

EQUITY SHAREHOLDERS' FUNDS
  
1,819,787
1,862,970


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the Directors' Report and the Statement of Income and Retained Earnings in accordance with provisions applicable to companies subject to the small companies regime, under section 444 of the Companies Act 2006.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on
23 August 2024.




W. M. Dives
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
THE KOBAL COLLECTION LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


GENERAL INFORMATION

The Kobal Collection Limited (registered number: 03723218), having its registered office and principal place of business at 56 Milverton Road, London, NW6 7AP, is a private limited company incorporated in England and Wales.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

STATEMENT OF CASH FLOWS

The Company has taken advantage of the exemption in Financial Reporting Standard 102, Section 1A.7 from the requirement to produce a Statement of Cash Flows on the grounds that it is a small company. 

 
2.3

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

TAXATION

Tax is recognised in the Statement of Income and Retained Earnings.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.

Page 2

 
THE KOBAL COLLECTION LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.ACCOUNTING POLICIES (continued)

 
2.6

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Collection prints and photos
-
Not depreciated

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.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

 
2.7

DEBTORS

Short-term debtors are measured at transaction price, less any impairment.

 
2.8

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.9

CREDITORS

Short-term creditors are measured at the transaction price.

 
2.10

FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument 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 and loans to related parties.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the Balance Sheet date.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 7 (2022 - 7).

Page 3

 
THE KOBAL COLLECTION LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4.


TANGIBLE FIXED ASSETS





Collection prints and photos

£



COST


At 1 October 2022 and 30 September 2023
2,004,492






NET BOOK VALUE



At 30 September 2023
2,004,492



At 30 September 2022
2,004,492


5.


DEBTORS

2023
2022
£
£

Amounts falling due within one year

Amounts owed by group undertakings
12,045
8,775

Other debtors
2,614
1,325

14,659
10,100



6.


CREDITORS: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
1,825

Other creditors
200,128
162,628

Accruals and deferred income
2,200
1,950

202,328
166,403



7.


RELATED PARTY TRANSACTIONS

The Company has taken advantage of Section 33.1A of FRS 102 in not disclosing transactions between wholly-owned members of a group.


Page 4