Kaya Advisory Ltd 13527221 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is the provision of environmental consulting services. Digita Accounts Production Advanced 6.30.9574.0 true true true 13527221 2023-01-01 2023-12-31 13527221 2023-12-31 13527221 bus:OrdinaryShareClass1 2023-12-31 13527221 core:CurrentFinancialInstruments 2023-12-31 13527221 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 13527221 core:FurnitureFittingsToolsEquipment 2023-12-31 13527221 bus:SmallEntities 2023-01-01 2023-12-31 13527221 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 13527221 bus:FullAccounts 2023-01-01 2023-12-31 13527221 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13527221 bus:RegisteredOffice 2023-01-01 2023-12-31 13527221 bus:Director2 2023-01-01 2023-12-31 13527221 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 13527221 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13527221 core:FurnitureFittings 2023-01-01 2023-12-31 13527221 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 13527221 core:OtherRelatedParties 2023-01-01 2023-12-31 13527221 core:ParentEntities 2023-01-01 2023-12-31 13527221 1 2023-01-01 2023-12-31 13527221 countries:UnitedKingdom 2023-01-01 2023-12-31 13527221 2022-12-31 13527221 core:FurnitureFittingsToolsEquipment 2022-12-31 13527221 2021-07-23 2022-12-31 13527221 2022-12-31 13527221 bus:OrdinaryShareClass1 2022-12-31 13527221 core:CurrentFinancialInstruments 2022-12-31 13527221 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 13527221 core:FurnitureFittingsToolsEquipment 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13527221

Kaya Advisory Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

Pages for Filing with Registrar

 

Kaya Advisory Ltd

(Registration number: 13527221)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

14,202

10,453

Current assets

 

Debtors

6

935,985

498,021

Cash at bank and in hand

 

490,263

27,324

 

1,426,248

525,345

Creditors: Amounts falling due within one year

7

(2,775,037)

(1,493,744)

Net current liabilities

 

(1,348,789)

(968,399)

Net liabilities

 

(1,334,587)

(957,946)

Capital and reserves

 

Called up share capital

8

10,000

10,000

Retained earnings

(1,344,587)

(967,946)

Shareholders' deficit

 

(1,334,587)

(957,946)

For the financial 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.

Directors' 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 directors acknowledge their 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.

 

Kaya Advisory Ltd

(Registration number: 13527221)
Balance Sheet as at 31 December 2023

Approved and authorised by the Board on 17 September 2024 and signed on its behalf by:
 

.........................................
Mr D J Claydon
Director

 

Kaya Advisory Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The Company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
91 Wimpole Street
London
W1G 0EF
England

Principal activity

The principal activity of the Company is the provision of environmental consulting services.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Going concern

The financial statements have been prepared on a going concern basis. The directors are of the opinion that the company is a going concern as result of the direct financial support of the immediate parent company, The parent entity has undertaken a number of share financing activities during the year end and is able to continue to support the company for the foreseeable future.

 

Kaya Advisory Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Turnover recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of specialist consulting services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture fittings and equipment

3 years straight line

 

Kaya Advisory Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

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, 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.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Kaya Advisory Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Significant judgements and estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion there are no significant judgements or key sources of estimation uncertainty.

4

Staff numbers

The average number of persons employed by the Company (including directors) during the year, was 10 (2022 - 3).

 

Kaya Advisory Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

13,898

13,898

Additions

11,260

11,260

At 31 December 2023

25,158

25,158

Depreciation

At 1 January 2023

3,445

3,445

Charge for the year

7,511

7,511

At 31 December 2023

10,956

10,956

Carrying amount

At 31 December 2023

14,202

14,202

At 31 December 2022

10,453

10,453

6

Debtors

Note

2023
£

2022
£

Trade debtors

 

255,156

66,527

Amounts owed by group undertakings and undertakings in which the Company has a participating interest

10

391,258

65,258

Prepayments

 

48,303

57,235

Other debtors

 

241,268

309,001

 

935,985

498,021

 

Kaya Advisory Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

133,752

71,076

Amounts owed to group undertakings and undertakings in which the company has a participating interest

10

2,508,509

1,328,038

Taxation and social security

 

73,959

-

Other creditors

 

58,817

94,630

 

2,775,037

1,493,744

Total trade and other creditors

 

2,775,037

1,493,744

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

10,000

10,000

10,000

10,000

         

9

Dividends

There were no dividends paid or proposed in either the current year or the previous year.

 

Kaya Advisory Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

10

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2023
£

2022
£

Remuneration

240,000

-

Summary of transactions with parent

Kaya Corporation Ltd.
 At the balance sheet date, the company owed Kaya Corporation Ltd, the parent company, £2,508,509 (2022: £1,328,038).
 The loan is interest free and repayable on demand.
 

Summary of transactions with other related parties

Kaya Research ApS
 At the balance sheet date, the company was owed £391,258 (2022: £65,258) by Kaya Research ApS, a company under common control and registered in Denmark. The loan is interest free and repayable on demand.
 

11

Parent and ultimate parent undertaking

The Company's immediate parent is Kaya Corporation Ltd, incorporated in England.