KDR INTERNATIONAL SHIPPING (HOLDINGS) LIMITED 04293718 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is holding company Digita Accounts Production Advanced 6.30.9574.0 true false true 04293718 2023-03-01 2024-02-29 04293718 2024-02-29 04293718 bus:OrdinaryShareClass1 2024-02-29 04293718 bus:OrdinaryShareClass2 2024-02-29 04293718 bus:OrdinaryShareClass3 2024-02-29 04293718 bus:OrdinaryShareClass4 2024-02-29 04293718 core:CurrentFinancialInstruments 2024-02-29 04293718 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 04293718 bus:SmallEntities 2023-03-01 2024-02-29 04293718 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 04293718 bus:FilletedAccounts 2023-03-01 2024-02-29 04293718 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 04293718 bus:RegisteredOffice 2023-03-01 2024-02-29 04293718 bus:Director1 2023-03-01 2024-02-29 04293718 bus:Director2 2023-03-01 2024-02-29 04293718 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 04293718 bus:OrdinaryShareClass2 2023-03-01 2024-02-29 04293718 bus:OrdinaryShareClass3 2023-03-01 2024-02-29 04293718 bus:OrdinaryShareClass4 2023-03-01 2024-02-29 04293718 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 04293718 core:ComputerEquipment 2023-03-01 2024-02-29 04293718 core:MotorVehicles 2023-03-01 2024-02-29 04293718 core:PlantMachinery 2023-03-01 2024-02-29 04293718 countries:EnglandWales 2023-03-01 2024-02-29 04293718 core:CostValuation 2023-02-28 04293718 2022-03-01 2023-02-28 04293718 2023-02-28 04293718 bus:OrdinaryShareClass1 2023-02-28 04293718 bus:OrdinaryShareClass2 2023-02-28 04293718 bus:OrdinaryShareClass3 2023-02-28 04293718 bus:OrdinaryShareClass4 2023-02-28 04293718 core:CurrentFinancialInstruments 2023-02-28 04293718 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04293718

KDR INTERNATIONAL SHIPPING (HOLDINGS) LIMITED

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

KDR INTERNATIONAL SHIPPING (HOLDINGS) LIMITED

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

KDR INTERNATIONAL SHIPPING (HOLDINGS) LIMITED

Company Information

Directors

Mr K Nandra

Mr R NANDRA

Registered office

63/66 Hatton Garden
5th Floor, Suite 23
London
EC1N 8LE

 

KDR INTERNATIONAL SHIPPING (HOLDINGS) LIMITED

(Registration number: 04293718)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

201

201

Current assets

 

Debtors

5

1,679

1,679

Cash at bank and in hand

 

80

80

 

1,759

1,759

Net assets

 

1,960

1,960

Capital and reserves

 

Called up share capital

6

103

103

Retained earnings

1,857

1,857

Shareholders' funds

 

1,960

1,960

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 October 2024 and signed on its behalf by:
 

.........................................
Mr K Nandra
Director

 

KDR INTERNATIONAL SHIPPING (HOLDINGS) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
63/66 Hatton Garden
5th Floor, Suite 23
London
EC1N 8LE
England

These financial statements were authorised for issue by the Board on 25 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of timing differences that have originated but not reversed at the balance sheet date.

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.

 

KDR INTERNATIONAL SHIPPING (HOLDINGS) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Depreciation

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Motor Vehicles

20% reducing balance

Computer equipment

25% reducing balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or 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 receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

KDR INTERNATIONAL SHIPPING (HOLDINGS) LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

4

Investments

2024
£

2023
£

Investments in subsidiaries

201

201

Subsidiaries

£

Cost or valuation

At 1 March 2023

201

Provision

Carrying amount

At 29 February 2024

201

At 28 February 2023

201

5

Debtors

Current

2024
£

2023
£

Other debtors

1,679

1,679

 

1,679

1,679

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

A Ordinary shares of £1 each

1

1

1

1

B Ordinary shares of £1 each

1

1

1

1

C Ordinary shares of £1 each

1

1

1

1

103

103

103

103