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Registered Number: 13520696
England and Wales

 

 

 

KUDO NETWORK LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 August 2023

End date: 31 July 2024
Accountants report
You consider that the company is exempt from an audit for the year ended 31 July 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. 



....................................................

Circle Cloud Accountants & Consultants LLP

Westlink House
981 Great West Road
London
TW8 9DN
09 October 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 1,122,647   
Investments 4 4,181   
1,126,828   
Current assets      
Cash at bank and in hand 11,471    93 
Creditors: amount falling due within one year (19,384)   (4,875)
Net current assets (7,913)   (4,782)
 
Total assets less current liabilities 1,118,915    (4,782)
Net assets 1,118,915    (4,782)
 

Capital and reserves
     
Called up share capital 5 1,188,273    100 
Profit and loss account (69,358)   (4,882)
Shareholders' funds 1,118,915    (4,782)
 


For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 09 October 2024 and were signed by:


-------------------------------
Hoan Ba Nguyen
Director
2
General Information
KUDO NETWORK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13520696, registration address Westlink House, Suite 126, 981 Great West Road, London, SW11 4RB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Cost of sales
These costs should be directly related to the production and delivery of services or goods sold by the company. These Costs are Content Creation Costs, Platform Fees, Hosting and Streaming Costs.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the transaction date. All foreign exchange differences are included to the income statement.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
The intangible assets consist of purchased YouTube channels. These assets are recognized at cost and amortized over their estimated useful life of 10 years.
Amortization is calculated on a straight-line basis over the estimated useful economic life of the intangible assets, which is 10 years. This method reflects the pattern in which the entity consumes the economic benefits of the assets.





Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Intangible fixed assets

Cost Other   Total
  £   £
At 01 August 2023 1,179,523    1,179,523 
Additions  
Disposals  
At 31 July 2024 1,179,523    1,179,523 
Amortisation
At 01 August 2023  
Charge for year 56,876    56,876 
On disposals  
At 31 July 2024 56,876    56,876 
Net book values
At 31 July 2024 1,122,647    1,122,647 
At 31 July 2023 1,179,523    1,179,523 


4.

Investments

Cost Loans to group undertakings   Total
  £   £
At 01 August 2023 4,181    4,181 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 July 2024 4,181    4,181 

5.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

3