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Registration number: 13968176

Kaws Holdings Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Kaws Holdings Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Kaws Holdings Limited

(Registration number: 13968176)
Balance Sheet as at 31 March 2024

Note

31 March
2024
£

31 March
2023
£

Fixed assets

 

Other financial assets

4

2

2

Creditors: Amounts falling due within one year

5

(8,665)

(2,746)

Net liabilities

 

(8,663)

(2,744)

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

(8,763)

(2,844)

Shareholders' deficit

 

(8,663)

(2,744)

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

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 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 1 November 2024
 

Dr O Qureshi BDS
Director

   
     
 

Kaws Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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:
Freshford House
Redcliffe Way
Bristol
BS1 6NL
United Kingdom

These financial statements were authorised for issue by the director on 1 November 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.

The financial statements are prepared in sterling, which is the functional currency of the company, and rounded to the nearest £.

Going concern

At the time of approving the financial statements liabilities exceed assets by £8,663. The director has a reasonable expectation that the company has adequate resources to meet its liabilities for the next twelve months and has agreed to support the company financially as necessary. Thus the director has chosen to adopt the gong concern basis of accounting in preparing the financial statements.

Investments

Other investments are held at cost less impairment.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the group does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

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

 

Kaws Holdings Limited

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

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).

 

Kaws Holdings Limited

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

4

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2023

2

2

At 31 March 2024

2

2

Impairment

Carrying amount

At 31 March 2024

2

2

5

Creditors

Due within one year

Note

31 March
2024
£

31 March
2023
£

 

Amounts due to related parties

7

636

362

Accruals

 

8,029

2,384

 

8,665

2,746

6

Share capital

Allotted, called up and fully paid shares

31 March
2024

31 March
2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       
 

Kaws Holdings Limited

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

7

Related party transactions

Loans from related parties

2024

Key management
£

Other related parties
£

Total
£

At start of period

362

-

362

Advanced

-

274

274

At end of period

362

274

636

2023

Key management
£

Total
£

Advanced

462

462

Repaid

(100)

(100)

At end of period

362

362

Terms of loans from related parties

Loans from key management are interest free and repayable on demand
 Other related parties comprises of an entity under common control. The loan is interest free and repayabale on demand.