Company Registration No.
FOR THE YEAR ENDED 31 DECEMBER 2023
KASTNER LONDON LIMITED
AUDITED FINANCIAL STATEMENTS
CONTENTS
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Company information | 3 |
Statement of financial position | 4 |
Notes to the accounts | 5 |
KASTNER LONDON LIMITED
COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023
Director | |
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Company Number | 04233535 (England and Wales) |
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Registered Office | |
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| London |
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| England |
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Accountants | |
| 180 Borough High Street (FORA) |
| London |
| SE1 1LB |
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Auditors | |
| 22 Chancery Lane |
| London |
| WC2A 1LS |
KASTNER LONDON LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023
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| 2023 | 2022 |
| Notes | £ | £ |
Fixed assets |
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Tangible assets | 4 | ||
Current assets |
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Inventories |
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Debtors | 5 | ||
Cash at bank and in hand |
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Creditors: amounts falling due within one year | 6 | ( | ( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements were approved by the
Daniel James Smith
Director
Company Registration No. 04233535
KASTNER LONDON LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
1 Statutory information
Kastner London Limited is a private company, limited by shares, registered in England and Wales, registration number 04233535. The registered office is C/O Laytons LLP, Pinners Hall, 105-108 Old Broad Street, London, EC2N 1ER, England.
2 Compliance with accounting standards
3 Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
Presentation currency
Going concern
Revenue recognition
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
KASTNER LONDON LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Tangible fixed assets and depreciation
Land & buildings | |
Motor vehicles | |
Fixtures & fittings | |
Computer equipment |
Trade debtors
Trade debtors are amounts due from customers for 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 debtors.
Stocks
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
KASTNER LONDON LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Tax policy
Tax expense comprises current and deferred tax. It is recognised in profit or loss except to the extent that it relates to a business combination, or items recognised directly in equity or in Statement of Other Comprehensive Income.
Current tax comprises the expected tax payable or receivable on the taxable income or loss for the year and any adjustment to the tax payable or receivable in respect of previous years. It is measured using tax rates enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. It is measured at the tax rates that are expected to be applied to temporary differences when they reverse, using tax rates enacted or substantively enacted at the reporting date.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Share capital
Pension costs
KASTNER LONDON LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
4 Tangible fixed assets
| Motor | Fixtures & | Computer | Total |
| vehicles | fittings | equipment |
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| £ | £ | £ | £ |
Cost or valuation | At cost | At cost | At cost |
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At 1 January 2023 | ||||
Additions | - | |||
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At 31 December 2023 | ||||
Depreciation |
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At 1 January 2023 | ||||
Charge for the year | ||||
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At 31 December 2023 | ||||
Net book value |
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At 31 December 2023 | - | |||
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At 31 December 2022 |
5 Debtors
| 2023 | 2022 |
Amounts falling due within one year | £ | £ |
VAT | ||
Trade debtors | ||
Accrued income and prepayments | ||
Other debtors | ||
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KASTNER LONDON LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
6 Creditors: amounts falling due within one year
| 2023 | 2022 |
| £ | £ |
Trade creditors | ||
Amounts owed to group undertakings and other participating interests | ||
Taxes and social security | ||
Other creditors | ||
Accruals | ||
Deferred income | - | |
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7 Contingent liabilities
Financial commitments, guarantees and contingencies:
The total amount of financial commitments not included in the balance sheet is £
8 Controlling party
The company's immediate parent is
The parent of the largest group in which these financial statements are consolidated is
The address of Flying Spirit Limited is:
Bundesstrasse 7
6300 Zug
Switzerland
9 Average number of employees
During the year the average number of employees was
10 Audit report
The audit report on the full accounts was signed by Steven Wakefield on 19 September 2024 as senior statutory auditor on behalf of Dixon Wilson Audit Services LLP. The audit report was unqualified and no reference was made to any matters to which the auditor drew attention by way of emphasis.