Registered number
10122263
KLIC INVESTMENTS LIMITED
Filleted Accounts
30 April 2024
Keith Vaudrey & Co Ltd
Chartered Certified Accountants
51 Marloes Road
London W8 6LA
KLIC INVESTMENTS LIMITED
Registered number: 10122263
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 142
Investments 4 836,858 836,858
836,858 837,000
Current assets
Cash at bank 5,272 23,586
Creditors: amounts falling due within one year 5 (44,106) (48,321)
Net current liabilities (38,834) (24,735)
Total assets less current liabilities 798,024 812,265
Creditors: amounts falling due after more than one year 6 (696,167) (715,884)
Net assets 101,857 96,381
Capital and reserves
Called up share capital 100 100
Profit and loss account 101,757 96,281
Shareholder's funds 101,857 96,381
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Christa Pauline Ilse GIESE
Director
Approved by the board on 23 October 2024
KLIC INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, for rental services provided in the normal course of business, and is shown net of discounts.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office Equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Office Equipment Total
£ £
Cost
At 1 May 2023 709 709
At 30 April 2024 709 709
Depreciation
At 1 May 2023 567 567
Charge for the year 142 142
At 30 April 2024 709 709
Net book value
At 30 April 2024 - -
At 30 April 2023 142 142
4 Investments
Other
investments Total
£ £
Cost
At 1 May 2023 836,858 836,858
At 30 April 2024 836,858 836,858
Historical cost
At 1 May 2023 836,858
At 30 April 2024 836,858
Investment Property comprises of rental property. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors.
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans 19,539 19,762
Taxation and social security costs 1,318 1,689
Other creditors 23,249 26,870
44,106 48,321
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 188,834 208,551
Other creditors 507,333 507,333
696,167 715,884
Secured bank loans 208,373 228,313
There are three charges that is still outstanding to National Wetminster Bank Plc on 53A and 67 Streatham Hill and contain fixed, floating charges and negative pledge on all properties.
7 Related party transactions
The director has given a loan to the company amounted to £ 507,333 in 2024 and £507,333 in 2023.
8 Controlling party
Christa P I Giese is the only shareholding of the company and in effect she has the ultimate control of the company.
9 Other information
KLIC INVESTMENTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
51 Marloes Road
London
W8 6LA
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