Registered number
12312160
KITA Estate Trading Ltd
Filleted Accounts
30 November 2024
KITA Estate Trading Ltd
Registered number: 12312160
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 202,463 200,630
Current assets
Debtors 4 (3,000) (3,000)
Cash at bank and in hand 2,484 692
(516) (2,308)
Creditors: amounts falling due within one year 5 (45,604) (35,876)
Net current liabilities (46,120) (38,184)
Total assets less current liabilities 156,343 162,446
Creditors: amounts falling due after more than one year 6 (229,624) (228,128)
Net liabilities (73,281) (65,682)
Capital and reserves
Called up share capital 100 100
Profit and loss account (73,381) (65,782)
Shareholder's funds (73,281) (65,682)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Irfan Kilicoglu
Director
Approved by the board on 7 January 2025
KITA Estate Trading Ltd
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 December 2023 193,852 - 8,472 202,324
Additions - 3,189 - 3,189
At 30 November 2024 193,852 3,189 8,472 205,513
Depreciation
At 1 December 2023 - - 1,694 1,694
Charge for the year - - 1,356 1,356
At 30 November 2024 - - 3,050 3,050
Net book value
At 30 November 2024 193,852 3,189 5,422 202,463
At 30 November 2023 193,852 - 6,778 200,630
4 Debtors 2024 2023
£ £
Other debtors (3,000) (3,000)
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 4,077 -
Taxation and social security costs 1,132 574
Other creditors 40,395 35,302
45,604 35,876
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 88,328 88,312
Obligations under finance lease and hire purchase contracts 38,002 43,622
Amounts owed to group undertakings and undertakings in which the company has a participating interest 93,694 96,194
Other creditors 9,600 -
229,624 228,128
7 Other information
KITA Estate Trading Ltd is a private company limited by shares and incorporated in England. Its registered office is:
59 Braodway Market
London
E8 4PH
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