Caseware UK (AP4) 2023.0.135 2023.0.135 falseNo description of principal activity02023-01-200falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14606130 2023-01-19 14606130 2023-01-20 2024-01-31 14606130 2022-01-20 2023-01-19 14606130 2024-01-31 14606130 c:Director1 2023-01-20 2024-01-31 14606130 d:FreeholdInvestmentProperty 2023-01-20 2024-01-31 14606130 d:FreeholdInvestmentProperty 2024-01-31 14606130 d:FreeholdInvestmentProperty 2 2023-01-20 2024-01-31 14606130 d:CurrentFinancialInstruments 2024-01-31 14606130 d:Non-currentFinancialInstruments 2024-01-31 14606130 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 14606130 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 14606130 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-01-31 14606130 d:InvestmentPropertiesRevaluationReserve 2024-01-31 14606130 d:RetainedEarningsAccumulatedLosses 2024-01-31 14606130 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 14606130 c:FRS102 2023-01-20 2024-01-31 14606130 c:AuditExempt-NoAccountantsReport 2023-01-20 2024-01-31 14606130 c:FullAccounts 2023-01-20 2024-01-31 14606130 c:PrivateLimitedCompanyLtd 2023-01-20 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 14606130










KLEINAX LTD








Unaudited

Financial statements

Information for filing with the registrar

For the Period Ended 31 January 2024

 
KLEINAX LTD
Registered number: 14606130

Balance sheet
As at 31 January 2024

2024
Note
£

Fixed assets
  

Investment property
  
960,000

  
960,000

Current assets
  

Cash at bank and in hand
 5 
165,053

  
165,053

Creditors: amounts falling due within one year
 6 
(314,575)

Net current (liabilities)/assets
  
 
 
(149,522)

Total assets less current liabilities
  
810,478

Creditors: amounts falling due after more than one year
 7 
(753,480)

Provisions for liabilities
  

Deferred tax
  
(41,982)

  
 
 
(41,982)

Net assets
  
15,016


Capital and reserves
  

Investment property reserve
  
125,939

Profit and loss account
  
(110,923)

  
15,016


The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 comprehensive income 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 25 September 2024.
Page 1

 
KLEINAX LTD
Registered number: 14606130
    
Balance sheet (continued)
As at 31 January 2024





M Y Aksler
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
KLEINAX LTD
 
 
 
Notes to the financial statements
For the Period Ended 31 January 2024

1.


General information

Kleinax Ltd is a private company limited by shares and registered in England and Wales. The
registered address is 126 Gladesmore Road, London, N15 6TH.

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

Borrowing costs

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

 
2.3

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.4

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.

Page 3

 
KLEINAX LTD
 
 
 
Notes to the financial statements
For the Period Ended 31 January 2024

3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration.

The average monthly number of employees, including directors, during the period was 0.


4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
792,073


Surplus on revaluation
167,927



At 31 January 2024
960,000

The 2024 valuations were made by the director, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
£


Historic cost
792,073

792,073


5.


Cash and cash equivalents

2024
£

Cash at bank and in hand
165,052

165,052


Page 4

 
KLEINAX LTD
 
 
 
Notes to the financial statements
For the Period Ended 31 January 2024

6.


Creditors: Amounts falling due within one year

2024
£

Payments received on account
1,000

Trade creditors
3,134

Other creditors
309,661

Accruals and deferred income
780

314,575



7.


Creditors: Amounts falling due after more than one year

2024
£

Bank loans
753,480

753,480


The following liabilities were secured:

2024
£



Bank loans
753,480

753,480

Details of security provided:

Bank loans are secured by way of fixed charge over the company's property.

The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2024
£


Repayable other than by instalments
753,480

753,480



Page 5

 
KLEINAX LTD
 
 
 
Notes to the financial statements
For the Period Ended 31 January 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
£




Amounts falling due after more than 5 years

Bank loans
753,480

753,480



9.


Deferred taxation



2024


£






Charged to profit or loss
(41,982)



At end of year
(41,982)

The deferred taxation balance is made up as follows:

2024
£


Deferred tax on unrealised gains
(41,982)

(41,982)

 
Page 6