Caseware UK (AP4) 2023.0.135 2023.0.135 2023-06-302023-06-302022-07-01falseProperty letting and theprovision of business support services22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09107850 2022-07-01 2023-06-30 09107850 2021-07-01 2022-06-30 09107850 2023-06-30 09107850 2022-06-30 09107850 c:Director1 2022-07-01 2023-06-30 09107850 d:OfficeEquipment 2023-06-30 09107850 d:OfficeEquipment 2022-06-30 09107850 d:ComputerEquipment 2022-07-01 2023-06-30 09107850 d:FreeholdInvestmentProperty 2023-06-30 09107850 d:FreeholdInvestmentProperty 2022-06-30 09107850 d:CurrentFinancialInstruments 2023-06-30 09107850 d:CurrentFinancialInstruments 2022-06-30 09107850 d:Non-currentFinancialInstruments 2023-06-30 09107850 d:Non-currentFinancialInstruments 2022-06-30 09107850 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09107850 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 09107850 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 09107850 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 09107850 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 09107850 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-06-30 09107850 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 09107850 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-06-30 09107850 d:ShareCapital 2023-06-30 09107850 d:ShareCapital 2022-06-30 09107850 d:RetainedEarningsAccumulatedLosses 2023-06-30 09107850 d:RetainedEarningsAccumulatedLosses 2022-06-30 09107850 c:FRS102 2022-07-01 2023-06-30 09107850 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 09107850 c:FullAccounts 2022-07-01 2023-06-30 09107850 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 09107850 2 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 09107850









KAM LOONG (LONDON) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

 
KAM LOONG (LONDON) LIMITED
REGISTERED NUMBER: 09107850

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
3,770
3,770

Investment property
 5 
137,500
137,500

  
141,270
141,270

Current assets
  

Debtors: amounts falling due within one year
 6 
4,692,187
4,692,187

Cash at bank and in hand
 7 
319,685
319,685

  
5,011,872
5,011,872

Creditors: amounts falling due within one year
 8 
(5,080,883)
(5,080,883)

Net current liabilities
  
 
 
(69,011)
 
 
(69,011)

Total assets less current liabilities
  
72,259
72,259

Creditors: amounts falling due after more than one year
 9 
(29,913)
(29,913)

  

Net assets
  
42,346
42,346


Capital and reserves
  

Called up share capital 
  
3
3

Profit and loss account
  
42,343
42,343

  
42,346
42,346


Page 1

 
KAM LOONG (LONDON) LIMITED
REGISTERED NUMBER: 09107850
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

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 statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 September 2024.


S Yap
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
KAM LOONG (LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


General information

Kam Loong (London) Limited ("the Company") is a company limited by shares, incorporated in England and Wales. Its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA.
The principal activity of the company during the year under review was that of property letting and the provision of business support services.

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

Revenue

Rental income
Revenue comprises rental income recognised by the company, exclusive of Value Added Tax.
Rental income from operating leases is recognised on a straight line basis over the term of the lease.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
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

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model, other than investment properties, 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.

Page 3

 
KAM LOONG (LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
25%

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 profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
KAM LOONG (LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.11

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.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 July 2022
12,835



At 30 June 2023

12,835



Depreciation


At 1 July 2022
9,065



At 30 June 2023

9,065



Net book value



At 30 June 2023
3,770



At 30 June 2022
3,770

Page 5

 
KAM LOONG (LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 July 2022
137,500



At 30 June 2023
137,500

In the opinion of the directors freehold investment property is stated at market value.






Page 6

 
KAM LOONG (LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


Debtors

2023
2022
£
£


Other debtors
4,692,187
4,692,187

4,692,187
4,692,187



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
319,685
319,685

319,685
319,685



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,000
10,000

Other taxation and social security
3,368
3,368

Other creditors
4,257,923
4,257,923

Accruals and deferred income
809,592
809,592

5,080,883
5,080,883



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
29,913
29,913

29,913
29,913


Page 7

 
KAM LOONG (LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 2-5 years

Bank loans
19,913
19,913


19,913
19,913


39,913
39,913



11.


Related party transactions

At the year end the company owed the directors £2,946,121 (2022 - £2,946,121).
At the year end the company owed a shareholder £1,260,000 (
2022 - £1,260,000).

 
Page 8