1 June 2023 false No description of principal activity Taxfiler 2024.6 11388122business:PrivateLimitedCompanyLtd2023-06-012024-05-31 113881222023-05-31 113881222023-06-012024-05-31 11388122business:AuditExempt-NoAccountantsReport2023-06-012024-05-31 11388122business:AbridgedAccounts2023-06-012024-05-31 113881222024-05-31 11388122business:Director12023-06-012024-05-31 11388122business:RegisteredOffice2023-06-012024-05-31 113881222023-05-31 11388122core:WithinOneYear2024-05-31 11388122core:WithinOneYear2023-05-31 11388122core:AfterOneYear2024-05-31 11388122core:AfterOneYear2023-05-31 11388122core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 11388122core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 11388122core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 11388122core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 11388122core:PreviouslyStatedAmount2024-05-31 11388122core:PreviouslyStatedAmount2023-05-31 11388122business:SmallEntities2023-06-012024-05-31 11388122countries:EnglandWales2023-06-012024-05-31 113881222022-06-012023-05-31 iso4217:GBP xbrli:pure
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
Page
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K H NEST LTD Company Information for the year ended 31 May 2024
Director
Kovan SPENDARY
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
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K H NEST LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
898,363 
898,363 
Current assets
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)
Capital and reserves
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
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K H NEST LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
£ 
Cost or valuation
At 1 June 2023
899,028 
At 31 May 2024
899,028 
Depreciation
At 1 June 2023
665 
At 31 May 2024
665 
Net book value
At 31 May 2024
898,363 
At 31 May 2023
898,363 
5
Transactions with related parties
Company received a loan amounting £1,273,748 (was £2,086,728) 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).
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