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Registration number: 11157265

Kaahl Investments Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Kaahl Investments Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Kaahl Investments Limited

Company Information

Director

G. M. Jones

Registered office

Westwood House
78 Loughborough Road
Quorn
Loughborough
Leicestershire
LE12 8DX

Accountants

Robert Whowell & Partners LLP
Chartered Accountants
Westwood House
78 Loughborough Road
Quorn
Loughborough
Leicestershire
LE12 8DX

 

Kaahl Investments Limited

(Registration number: 11157265)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

20,720

20,720

Current assets

 

Debtors

5

328,530

476,346

Creditors: Amounts falling due within one year

6

(47,239)

(196,725)

Net current assets

 

281,291

279,621

Net assets

 

302,011

300,341

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

302,010

300,340

Shareholders' funds

 

302,011

300,341

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

 

Kaahl Investments Limited

(Registration number: 11157265)
Balance Sheet as at 31 January 2024

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 October 2024
 

.........................................
G. M. Jones
Director

 

Kaahl Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 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:
Westwood House
78 Loughborough Road
Quorn
Loughborough
Leicestershire
LE12 8DX

These financial statements were authorised for issue by the director on 29 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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit and loss account, 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.

Investments

Investments where fair value cannot be measured reliably are measured at cost less impairment.

Dividends on equity securities and interest are recognised in income when receivable.

 

Kaahl Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Debtors

Debtors are amounts due in the ordinary course of business.

Creditors

Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

3

Staff numbers

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

4

Investments

2024
£

2023
£

Investments in unquoted securities

20,720

20,720

Associates

£

Cost

At 1 February 2023

20,720

At 31 January 2024

20,720

Carrying amount

At 31 January 2024

20,720

At 31 January 2023

20,720

5

Debtors

Current

2024
£

2023
£

Other debtors

328,530

476,346

 

Kaahl Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

542

148

Accruals and deferred income

1,680

1,560

Other creditors

45,017

195,017

47,239

196,725

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

       

8

Related party transactions

Loans to related parties

2024

Other related parties
£

Total
£

At start of period

155,346

155,346

Advanced

1,875

1,875

Repaid

(1,744)

(1,744)

Interest transactions

3,928

3,928

At end of period

159,405

159,405

 

Kaahl Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

2023

Other related parties
£

Total
£

At start of period

188,318

188,318

Advanced

25,124

25,124

Repaid

(66,458)

(66,458)

Interest transactions

8,362

8,362

At end of period

155,346

155,346

Terms of loans to related parties

The borrower is a related party of Kaahl Investments Limited by virtue of being under common control. Interest is charged at 2.50% per annum on the loan's monthly balance.