Company Registration No. 11388122 (England and Wales)
K H NEST LTD
Unaudited accounts
for the year ended 31 May 2024
K H NEST LTD
Unaudited accounts
Contents
K H NEST LTD
Company Information
for the year ended 31 May 2024
Company Number
11388122 (England and Wales)
Registered Office
4 OSLER ROAD
HEADINGTON
OXFORD
OX3 9BJ
ENGLAND
Accountants
Nib and Co Accountants
Temple Chambers
68-72 Stuart Street
Luton
LU1 2SW
K H NEST LTD
Statement of financial position
as at 31 May 2024
Tangible assets
898,363
898,363
Cash at bank and in hand
18,684
38,319
Creditors: amounts falling due within one year
(1,273,864)
(1,275,748)
Net current liabilities
(1,255,180)
(1,237,429)
Total assets less current liabilities
(356,817)
(339,066)
Creditors: amounts falling due after more than one year
(18,219)
(28,878)
Net liabilities
(375,036)
(367,944)
Called up share capital
2
2
Profit and loss account
(375,038)
(367,946)
Shareholders' funds
(375,036)
(367,944)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 November 2024 and were signed on its behalf by
Kovan SPENDARY
Director
Company Registration No. 11388122
K H NEST LTD
Notes to the Accounts
for the year ended 31 May 2024
K H NEST LTD is a private company, limited by shares, registered in England and Wales, registration number 11388122. The registered office is 4 OSLER ROAD, HEADINGTON, OXFORD, OX3 9BJ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Total
5
Transactions with related parties
Company received a loan amounting ÃÂã1,273,748 (was ÃÂã2,086,728) from Mr Kovan SPENDARY
rate of interest charged is 0%. At the balance sheet date, the loan was still outstanding and is presented within Director Loan
6
Average number of employees
During the year the average number of employees was 3 (2023: 1).