Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-02-01falseNo description of principal activity33falsetruefalse 12736410 2023-02-01 2024-01-31 12736410 2022-02-01 2023-01-31 12736410 2024-01-31 12736410 2023-01-31 12736410 2022-02-01 12736410 c:Director1 2023-02-01 2024-01-31 12736410 d:CurrentFinancialInstruments 2024-01-31 12736410 d:CurrentFinancialInstruments 2023-01-31 12736410 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 12736410 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 12736410 d:ShareCapital 2023-02-01 2024-01-31 12736410 d:ShareCapital 2024-01-31 12736410 d:ShareCapital 2023-01-31 12736410 d:ShareCapital 2022-02-01 12736410 d:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 12736410 d:RetainedEarningsAccumulatedLosses 2024-01-31 12736410 d:RetainedEarningsAccumulatedLosses 2023-01-31 12736410 c:FRS102 2023-02-01 2024-01-31 12736410 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 12736410 c:FullAccounts 2023-02-01 2024-01-31 12736410 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12736410 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 12736410









KARM LYNTON GARDENS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
KARM LYNTON GARDENS LTD
REGISTERED NUMBER: 12736410

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
  
630,619
-

Debtors: amounts falling due within one year
 5 
1
-

Cash at bank and in hand
 6 
3,738
1

  
634,358
1

Creditors: amounts falling due within one year
 7 
(668,554)
-

Net current (liabilities)/assets
  
 
 
(34,196)
 
 
1

Total assets less current liabilities
  
(34,196)
1

  

Net (liabilities)/assets
  
(34,196)
1


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(34,197)
-

  
(34,196)
1


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 profit and loss account 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 7 October 2024.




M Keenes
Director
Page 1

 
KARM LYNTON GARDENS LTD
REGISTERED NUMBER: 12736410
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024


The notes on pages 4 to 6 form part of these financial statements.

Page 2

 
KARM LYNTON GARDENS LTD
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 February 2023
1
-
1


Comprehensive income for the year

Loss for the year
-
(34,197)
(34,197)
Total comprehensive income for the year
-
(34,197)
(34,197)


At 31 January 2024
1
(34,197)
(34,196)


The notes on pages 4 to 6 form part of these financial statements.


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2023


Called up share capital
Total equity

£
£

At 1 February 2022
1
1


At 31 January 2023
1
1


The notes on pages 4 to 6 form part of these financial statements.

Page 3

 
KARM LYNTON GARDENS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Karm Lynton Gardens Ltd is a private company, limited by shares and incorporated in England and Wales,United Kingdom, with a registration number 12736410. The address of the registered office is 8 Longaford Way, Brentwood, Essex, United Kingdom, CM13 2LT.The principal activity is that of buying and selling of own real estate.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on the basis of going concern as the company director will  continue to support the company and pay liabilities as they fall due. The directors will not draw down on the intercompany loan outstanding totalling £667,054. Due consideration has been given in arriving at this opinion including reviewing projections.prepared for a period of over 12 months from the date of approval of these financial statement.

 
2.3

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.

 
2.4

Taxation

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.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
KARM LYNTON GARDENS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Stocks

2024
2023
£
£

Work in progress
630,619
-

630,619
-


Page 5

 
KARM LYNTON GARDENS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Debtors

2024
2023
£
£

Amounts owed by group undertakings
1
-

1
-



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3,738
1

3,738
1



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other Creditors
667,054
-

Accruals and deferred income
1,500
-

668,554
-



8.


Controlling party

Karm Group Holdings Limited is the ultimate parent company.

 
Page 6